Primex Finance Introduces Beta 0.3.0 App With Deployments to Polygon Mumbai and zkEVM Testnets

[PRESS RELEASE – Kyiv, Ukraine, 18th January 2023]

Cross-chain prime brokerage protocol Primex Finance rolls out a significant replace to its utility. Launching in two levels, Beta 0.3.0 introduces quite a lot of new options, in addition to enhancements and fixes of present functionalities.

Beginning on January twelfth, 2023, Part 1 was solely out there for Primex Early Customers, who could possibly be the primary to have a hands-on expertise with Beta 0.3.0. Any longer, Early Customers will get privileged entry to all main protocol updates sooner or later (starting from Beta 0.3.0). Along with the prospect to check new releases earlier than different neighborhood members, individuals of this system additionally take pleasure in additional advantages, resembling direct communication with the Primex workforce and fellow Early Customers through Discord, in addition to the power to take part in personal challenges and earn unique prizes.

On January 18th, 2023, the Primex workforce will open entry for the general public to Beta 0.3.0, permitting anybody to launch the applying and take a look at the brand new launch with out restrictions.

Beta 0.3.0 introduces 4 new core options. As the primary and a very powerful, Primex now deploys to 2 new blockchains: the Polygon Mumbai and Polygon zkEVM testnets. Consequently, customers can now take a look at Primex by buying and selling and lending digital property on DEXs throughout 4 completely different blockchains (Ethereum Goerli, zkSync 2.0 testnet, Polygon Mumbai, and Polygon zkEVM testnet). With the brand new multi-chain performance, merchants and lenders can now swap between completely different networks through a single interface.

“After we requested our neighborhood which chains we should always deploy Primex on, Polygon was by far the best choice amongst voters. Whereas we had been completely satisfied concerning the outcomes, they didn’t come as a shock for our workforce. Mumbai is the testnet of Polygon PoS, the Layer 2 blockchain with the best DeFi TVL that may obtain as much as 7,000 TPS. However, zkEVM is a more recent resolution that makes use of ZK-rollups through the ultra-fast Polygon Zero know-how to attain a 90% price discount for customers on Ethereum’s L2. For these causes, it makes nice sense to deploy Primex on the testnets of those two blockchains,” stated Vlad Kostanda, Primex Finance’s Co-Founder.

In addition to the above core options, the Primex workforce launched further modifications to the protocol as a part of the Beta 0.3.0 replace, together with:

• Assist for the OKX Pockets, which customers can now make the most of to attach their wallets to Primex alongside MetaMask and WalletConnect
• The combination of the QuickSwap v2 DEX on Polygon Mumbai
• Enhanced buying and selling expertise through a brand new bot that periodically synchronizes asset costs on the testnet with the mainnet
• Improved UX for downloading buying and selling historical past
• The power to see the date and time when an order or place was created on the buying and selling web page
• Bug fixes associated to the interpretation of the Primex utility’s sure elements and translation delays after a person switches between languages
• Further optimizations and bug fixes

About Primex Finance

Based in 2021, Primex Finance is the first-ever cross-chain prime brokerage protocol that seeks to resolve the DeFi market’s liquidity fragmentation difficulty by enabling spot margin buying and selling backed by lenders throughout quite a few DEXs and blockchains with a completely decentralized commerce execution mechanism. In September 2022, the workforce superior to the subsequent stage of its roadmap by launching the platform’s Beta launch. Just lately, the undertaking rolled out Beta 0.3.0, a significant replace to the protocol introducing a variety of vital options, functionalities, and fixes. For extra info, go to Primex’s web site and weblog.