Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Primex Finance and our guest was . The AMA took place on the 13th of June.<\/p>\n\n\n\n
The AMA session was divided into 3 parts with a total crypto reward pool of $500<\/p>\n\n\n\n
In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Hello Satoshi Club! We are happy to announce our\nAMA session with Primex Finance! Welcome to Satoshi Club<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n hello dear\nSatoshi Club<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n @avd_01\n@dmitrytolok are our guests today<\/p>\n\n\n\n Welcome to\nSatoshi Club guys <\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Hello guys!\nGlad to be here!<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Hi everyone, <\/p>\n\n\n\n I’m Anton, the product manager @ Primex.finance <\/p>\n\n\n\n Thanks for\nhaving me here.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Nice to\ne-meet you guys ❤️🇺🇦<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n We are\nexcited to see you here today, it’s not easy day for crypto, but as i see\nyou’re still here for tech<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Yeah,\ndefinitely not an easy day but it\ndoesn\u2019t matter if you BUIDL<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n For sure,\nthose who build will survive!<\/p>\n\n\n\n Let’s start\nour AMA <\/p>\n\n\n\n And we will\nstart with introduction! Could you please introduce yourselves and tell us how\ndid you get involved into crypto?<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Sure, let me\ngive a short intro<\/p>\n\n\n\n I\u2019m Anton, the product manager @ Primex Finance, with a background in marketing and PR. Previously product manager @ Adoriasoft, blockchain software dev firm. <\/p>\n\n\n\n Dmitry is\nleading BizDev @ primex.finance, previously he was running BizDev in fintech\nfirms and also has a background in banking.<\/p>\n\n\n\n We have been\nworking together for a few years before building Primex, and, given we\u2019re big\nDeFi enthusiasts we always wanted to build something totally decentralized <\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Decentralised,\nlove this!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n It’s\nbrilliant<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n How long were\nyou working on Primex DeFi and what is your project about? How different are\nyou from another projects?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Primex\nstarted last summer as a concept and the actual development started around late\nSeptember when we secured the first private funding. <\/p>\n\n\n\n It depends\nwhat you compare Primex with, if we compare it with lending protocols, then the\nbiggest difference is how liquidity is used. Primex combines the 2 biggest DeFi\nuse cases – lending and decentralized exchanges.<\/p>\n\n\n\n The key\ndifference from lending protocols is that borrowers (Traders) can only use the\nliquidity for the one and only purpose – to trade on DEXs, it\u2019s not transferred\nto any external wallets of traders before the trade is closed, that\u2019s why they\ndon\u2019t have to overcollaterize the margin debt.<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Essentially\nPrimex is a liquidity protocol on top of DEXs that allows margin trading\ncross-dex in a truly decentralized way.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Did you have\nliquidations today?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n No, fortunately not, we\u2019re in a testnet mode, so all good for our traders for now <\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Ahaha, true <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Also we would\nlike to know more about your team. Who is on the project team core?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Sure, we have\na team of almost 40 people at the moment and there are a few development\nstreams with respective teams attached to them: smart contracts, UI\/UX,\ninfrastructure (keepers\/notaries), mathematics of all the incentivization, and\nbuckets\/token design. So we have different types of engineers\/mathematicians on\nthe team, all are DeFi enthusiasts <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Is your team\nanonymous?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n No, totally\nnot, moreover, we recently released a posting on our blog covering some of the\nteam members and their experiences.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Great news <\/p>\n\n\n\n Thanks for\ngreat introduction, we will have several questions selected for the Part 1.\nReady to start?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Sure, go\nahead<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Q1 from Telegram user\u00a0\u00a0 @Ivvanna_Cahya<\/em><\/p>\n\n\n\n In Primex finance. Along with the technology behind the tool, i learnt that there are five important roles that need to be filled to maintain functionality, which are Lenders,<\/em><\/p>\n\n\n\n Traders, Notaries, Delegators, and Liquidity providers. understanding that this are the five basic people that makes Primex Finance Functions. Can you tell us more about the roles of each of the positions mentioned? How can we leverage any of this available position to Maximize profit? I seem not to clearly understand the Functions of the Primex Notary, which is said to function In the offline world, & gives people and institutions confidence that documents are genuine. Can you kindly explain this role well?<\/em><\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n That’s\ncorrect. Lenders and Traders are the pillars allowing the protocol to function,\nLenders provide liquidity to credit buckets and Traders use that liquidity to\ntrade with margin on multiple decentralized exchanges that are integrated with\nPrimex. Lenders are incentivized by the interest rate and Traders have an\nopportunity to trade in a truly decentralized way and without interacting with\ncentralized components. <\/p>\n\n\n\n To allow the\ntraders to happen, we also have a role of a Keeper in the system, which is\nresponsible for closing the trading positions when a certain price target is\nreached or to make a liquidation. Since we have neither back-ends nor\ncentralized order books, we need to have someone to make a special transaction\nto close the trading position, Keepers are doing this.<\/p>\n\n\n\n I assume that\nyou’re referring to the Trader notary in your last question.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Really smart\nidea <\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Guys, as i\nunderstand you’re totally decentralised and no one of members don’t need KYC\nverification?<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Trader notary\nis an Ai-powered scoring mechanism that is a part of V2 of the protocol. It’s a\nspecial type of notary responsible for scoring traders based on the onchain\ndata, we decided to skip the dKYC part of it, it\u2019s only for scoring traders.\nIt\u2019s also a decentralized component nominated by community.<\/p>\n\n\n\n We also have\ncommunity-nominated Credit Bucket Notaries that can introduce new credit\nbuckets (liquidity pools) to allow margin trading for more assets. Credit\nBucket Notaries are also staked and supported by community in a decentralized\nway.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n And i want to\nask – do you have any countries restricted?<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Right.<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n We would\nrefrain from the KYC aspect as much as we can as our goal is to make trading\naccessible for everyone, regardless of their geographical location. We\u2019re not a\ncentralized or semi-centralized infrastructure.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n And btw do\nyou use decentralised or centralised servers for your DeFi?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Nope, we\ndon\u2019t. We don\u2019t host any back-ends or order books. The back-end function is\ndone by so-called Keepers in Primex, which are community-hosted instances\nincentivized to make special transactions to close Trading positions. This is\nhow we\u2019re different from some non-custodial derivative platforms in the space.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Gotcha <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thanks for\nyour great answers <\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nyour answers! Ready to proceed?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Sure!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Q2 from Telegram user @UncleStrange1<\/em><\/p>\n\n\n\n Primex Finance is on a mission to improve the experience of trading assets on decentralized exchanges (DEXs). Traders can borrow funds below the liquidation price and maintain positions and each trader will be continuously scored based on their trading history to enable access to riskier credit Buckets. Can you provide more information on the process of how traders can borrow money? What are the requirements? Is there any form of verification process attached to it? What is the maximum amount a trader can borrow at the first time? How many times can a trader borrow money to stay in position after being liquidated? Can you tell us how many levels of Credit Buckets there are?<\/em><\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Sure, our\nmission is to close the gap between lending and decentralized exchanges and\nprovide a truly decentralized infrastructure where Lenders and Traders can\nexchange value. <\/p>\n\n\n\n As for the\nTrading scoring mechanism, it\u2019s a special type of decentralized notary in the\nsystem that is scoring Traders based on their past performance using onchain\ndata. We do not plan to introduce any identity checks\/KYC for traders on top of\nthis for now.<\/p>\n\n\n\n There will be\nCredit Buckets available for all Traders, without specific requirements to the\nscore, so anyone can use them.<\/p>\n\n\n\n Traders with\nhigh scores, though, will have an opportunity to open so-called underdeposited\npositions, meaning that they still can keep the position open even if they drop\nbelow the liquidation price to some extent. And in case of liquidation, they\ncan later repay the debt to the protocol later to restore the score.<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n It\u2019s a great\nfeature we\u2019re already working on but it won\u2019t be present in v1, it\u2019s on the\nroadmap for v2. DeFi hasn\u2019t solved the scoring problem so far so we\u2019re taking\nthe challenge here. Such a scoring mechanism will provide more flexibility to\nboth, Lenders and Traders.<\/p>\n\n\n\n Credit\nBuckets will be divided into several tiers based on the risk level, e.g. top 10\nassets by liquidity on DEX, top 10-50, top 50-100 and custom buckets introduced\nby the community (including those with the scoring requirement). Lenders than\nwill be able to diversify their risk by funding less and more risky buckets.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n What was the\nmost difficult to design (develop) in your DeFi? And what are you the most\nproud for?<\/p>\n\n\n\n Lol, it seems\nyou partially answered before i asked<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n The most\ndifficult is to connect all the roles in the protocol and incentivize them so\nthat the infrastructure of the protocol is functioning smoothly. The Notaries\nand Keepers are rather sophisticated as well as the mathematics related to how\ninterest is calculated etc.<\/p>\n\n\n\n As for the\nTrader Notary – it\u2019s a great experimental feature not really present in DeFi\nyet.<\/p>\n\n\n\n We\u2019re proud\nto have really great progress so far, even though not everything is visible yet\nexcept for some interfaces in our Alpha. The code and some hardcore mathematics\nwill be open-sourced a bit later, stay tuned!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Sounds good!\nThanks for your great answers! Are you ready for the next question?<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Sure<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Q3 from Telegram user @MudaraSilva<\/em><\/p>\n\n\n\n By locking funds for a specified time, lenders on Primex have the opportunity to fix their interest. I could not see any information about these tiers. Can you briefly explain about the interest rates for each time period? Does the rate depend on the time period or will the investment size also be calculated? I hope you offer better rates for longer time frames. When a lender choose a long period and wants to unlock his funds before the deadline, is he allowed to do so by paying an unlock fee? What are the charges\/fees related to this feature? What is your anti-whale mechanism to prevent whales from investing their funds? How do you ensure the safety of locked funds? What will happen to them if Primex has to face any unforseen situation?<\/em><\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n The fixed\ninterest rate is a part of v2 of the protocol and will not be present in v1\nyet. V1 will have dynamic rates for Lenders.<\/p>\n\n\n\n We\u2019re\ndesigning the fixed rate to be based on the fees that Traders pay when having\ntheir positions open over time, so we always have a constant flow of fees from\nTraders that can be paid to Lenders willing to lock their liquidity for longer\nperiods of time to earn fixed interest. We will have cooldown periods so\nLenders will have to wait a little bit before they can withdraw the locked\nfunds.<\/p>\n\n\n\n The safety is\nsecured with smart contracts, there’s no centralized party controlling the\nfunds.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Ok, what\nabout audit? Any thoughts about insurance? You know, no one can be 100% sure in\nsecurity and a lot of incidents in crypto show that it’s true<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n The code is\nnot yet frozen as we\u2019re in our Alpha-Beta stage so we will likely have our\nfirst audits in a couple of months from now, but be sure there will be a few\nleading audit firms doing audits. We fully understand the importance of this\nconsidering how many incidents there are in the space.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Super <\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nyour answers! Ready to jump to the next question?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Sure!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n thank you\nvery much for your answer and for your responsible attitude to this issue<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Q4 from Telegram User\u00a0\u00a0 @Highpee<\/em><\/p>\n\n\n\n Even though Primex was launched in June 2021, it was in February 2022 that you did your seed funding with a successful raise of $5.7 million from your strategic investors. I am curious to know more about these seed investors and how they were able to make investment commitment into your project, since up till now, you have no token and no tokenomics has been officially released by you? How has this fund been utilised in the development of your project so far and why does it look like development is stuck in Primex Alpha Phase? When do you expect your token design to be out and when is IDO or other presale events scheduled to start?<\/em><\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n There were\ncertain delays in announcements as we raised funds a bit earlier than the\nentire round was announced, so that kickstarted the development. Primex started\nas an idea in Summer 2021 and then we started designing the protocol\u2019s logic\nand its architecture, the active development process began in late September 2021\nwhen we received the first funding from our Lead investors.<\/p>\n\n\n\n The funding\nis being used to cover the core development of the protocol, we\u2019re definitely\nnot stuck with the Alpha as we just recently released it to collect some first\nfeedback from our community, the actual dev \/ token design is beyond Alpha now\nand we are planning to release Beta in several weeks.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Who are your\nLead investors? Can you name them?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n We\u2019re working\non a big posting that covers token utility and tokenomics, it\u2019s a very\nimportant topic and we\u2019d like to cover it in full within the few weeks, likely\ncloser to the Beta release, please follow our official medium\n(https:\/\/blog.primex.finance\/) and stay tuned for updates.<\/p>\n\n\n\n Sure<\/p>\n\n\n\n The round was\nled by Stratos and Coinfund, we also have positions of GoldenTree (a large\ntraditional hedge fund) and a few big market makers such as Wintermute, GSR,\nand Ledgeprime that also help us with the overall advice on protocol design\ngiven their trading and market-making experience. The round was successful and\nwe were significantly oversubscribed.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Ohhh, you\nprevented my ‘wen token’ question <\/p>\n\n\n\n Congratulations it’s really big achievement!<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nyour answers! Ready to proceed?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Famous and\ninfluential names <\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Yeah<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Q5 from Telegram User\u00a0\u00a0 @Dalboto22<\/em><\/p>\n\n\n\n Early contributors of will have access to Primex test versions and will be able to provide feedback on Primex functionality and interfaces. Thank you for these opportunities. What are the requirements to be considered an early contributor? What is the deadline to register on the platform? Is there a minimum amount of contribution? Generally, early birds receive tokens with a considerable discount. Does Primex offer that opportunity too? If I contribute later, can\u2019t I join with the community and provide feedback? Is it mandatory to be an early bird to receive governance privileges?<\/em><\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n There are\npretty much no requirements, anyone can test the platform and participate\nearly, all the feedback is helping us a lot as our goal is to build the\nprotocol and all the interfaces. There will definitely be interesting\nopportunities for early community but we cannot announce them now. <\/p>\n\n\n\n The Early User program is now ongoing and you\u2019re most welcome to participate \u2014 http:\/\/primex.finance\/earlyuser<\/a><\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Oh, it’s my\npassion to try new platforms <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Satoshi\nclubbers, test it please!<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n When do you\nplan to fully launch your platform?<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n We’re\nplanning to release V1 later this year or beginning of next year<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n We will wait\nand follow your updates <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n By the way,\nshare with us your roadmap <\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n We are\nplanning to release a fully decentralized cross-dex Spot trading app with\ndifferent kinds of orders first and connect with a few DEXs on ETH mainnet\nfirst. It will already be possible to split the trading position across\nmultiple DEXs depending on its size and the liquidity in the respective pair\nand later we will release the Margin trading app after our liquidity mining\nevent. It will happen either later this year or beginning of next year.<\/p>\n\n\n\n After that,\nwe will be deploying on a few other EVM-compatible chains so there will be lots\nof big updates.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thanks for\nyour great answers ready for the last\nquestion of this part?<\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n Sure<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Q6 from Telegram user @Cheriemike<\/em><\/p>\n\n\n\n I read that Primex plans to introduce two features in it platform they are \u201cUnder Deposited Trading Position\u201d and \u201cUnder Collateralized Lending.So can you briefly summarize both features?Why did you decide to feature \u201cUnder Collateralized Lending\u201d and not \u201cOver Collateralized Lending\u201d?.Which set of audience are both features meant for and what do both features especially Under Collateralized Lending comprises of?And will investors be able to access substantial credit without collateral with under-collateralized lending and how does \u201cCREDIT DELEGATION\u201d comes into play in the collateralized lending features?Please explain Thank<\/em><\/p>\n\n\n\n Dmitry\nTolok <\/strong>🇺🇦<\/strong><\/p>\n\n\n\n The key thing\nis the funds can only be borrowed for a specific purpose – to make swaps on\nDEXs, the funds are not transferred to external wallets of Traders and\ntherefore, should not be overcollateralized. <\/p>\n\n\n\n Traders use\nPrimex smart contracts to access liquidity to amplify their trading positions\nusing leverage on DEXs like Uniswap.<\/p>\n\n\n\n Traders also\ndo not collateralize their margin debt, they only lock their initial deposit\nbut if there\u2019s a liquidation, the initial trader deposit will be taken back to\nthe Credit Bucket. <\/p>\n\n\n\n Underdeposited\nmeans those trading positions with additional buffer to borrow funds and not be\nliquidated, this is available for Traders with higher scores starting Primex\nv2.<\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\ndetailed answers! <\/p>\n\n\n\n Guys, we came\nclose to the live part of our AMA session now! Do you feel the breath of storm?\nIt will be a storm of questions from our community <\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Ready for\nthem?<\/p>\n\n\n\n Anton<\/strong><\/p>\n\n\n\n Yes, let’s go<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Amazing first\npart of AMA <\/p>\n\n\n\n Mary\n| Satoshi Club<\/strong><\/p>\n\n\n\n Let’s go <\/p>\n\n\n\n Q1 from Telegram user @adaatalay <\/strong><\/em><\/p>\n\n\n\n Does Primex have a native token? If yes, what are the use cases and its role in the ecosystem?<\/em><\/p>\n\n\n\n Dmitry Tolok 🇺🇦<\/strong><\/p>\n\n\n\n For example, there will be multiple staking opportunities, including staking for all kinds of notaries and keepers that support the infrastructure as we have no centralized back-end that processes orders, etc.<\/p>\n\n\n\n The PMX is a governance token that will be needed to participate in votings for new notaries, introducing new credit buckets (liquidity pools), new digital assets, etc.<\/p>\n\n\n\n There will also be multiple incentives for traders, e.g. trading fee rebates if they stake PMX, etc. LPs and early Lenders will also be incentivized for providing liquidity.<\/p>\n\n\n\n Please follow our official medium for a larger, more detailed posting on tokenomics, we will definitely share it with everyone (https:\/\/blog.primex.finance\/<\/a>).<\/p>\n\n\n\n Q2 from Telegram user @Shiva_shivi <\/strong><\/em> <\/p>\n\n\n\n There are many Lending Platforms in the Crypto space? Anton<\/strong><\/p>\n\n\n\n As for the differences between Primex Finance and the other DeFi protocols, such as lending platforms, DEXs, DEX-aggregators, etc, we introduced the following components to the market: <\/p>\n\n\n\n Primex Credit Buckets. Credit bucket is a smart contract where Lenders provide liquidity and traders access that liquidity to fund their margin debt. You can find more information here: https:\/\/blog.primex.finance\/an-introduction-to-primex-credit-buckets-e2678441dd67<\/a><\/p>\n\n\n\n Cross-DEX, cross-margin trading. We’re not limited to a specific DEX. In Primex traders can open leveraged positions across multiple DEXs and the position can be opened on one DEX and closed on another. <\/p>\n\n\n\n Decentralzied Keepers, for liquidation and executing positions (including limit orders, stop loss, take profit, etc) <\/p>\n\n\n\n AI-based trader scoring. Starting from V2 Traders will be continuously evaluated by a decentralized network of ML-based nodes. The scoring defines traders\u2019 risk levels and available buckets. High-scoring traders can survive high volatility and save their positions even when they\u2019re approaching the liquidation price. It\u2019s totally new to the market.<\/p>\n\n\n\n Q3 from Telegram user <\/em> @habibi_ve <\/em><\/strong><\/p>\n\n\n\n What are the benefits and risks of lending money within Primex Finance vs. other lending protocols in the ecosystem?<\/em><\/p>\n\n\n\n Dmitry Tolok 🇺🇦<\/strong> <\/p>\n\n\n\n The benefits for Lenders are:<\/p>\n\n\n\n Q4 from Telegram user <\/em> @MdLuffyo <\/em><\/strong><\/p>\n\n\n\n Do you have any instructional videos or training materials that show how the protocol works and enable them to understand the features of the interface so that Primex finance lenders and traders around the world can use and understand Primex?<\/em><\/p>\n\n\n\n Anton<\/strong> <\/p>\n\n\n\n Thanks for the question. Sure, we already have guides for our Alpha, it\u2019s available here: Moreover, we\u2019re publishing multiple materials explaining how the protocol works and covering the aspects of its interface. We are starting with some basic information, explaining the roles and how our credit buckets (liquidity pools) function, and will later be covering all the mathematics and advanced details of the protocol.<\/p>\n\n\n\n Early user feedback is especially important for us to improve the interface and make it as intuitive as possible.<\/p>\n\n\n\n Q5 from Telegram user <\/em> @hana4544 <\/em><\/strong><\/p>\n\n\n\n Does the Primex Platform have the role and privileges of the Liquidity Provider? And how is it exceptionally rewarded?<\/em><\/p>\n\n\n\n Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
How different is Primex’s Lending Platform?
What main Tools does the Platform provides?<\/em><\/p>\n\n\n\n
https:\/\/docs.primex.finance\/guides\/<\/a><\/p>\n\n\n\n