Primex Finance

**Primex Protocol officially sunsets v1** while launching its full protocol version after concluding mainnet beta. **Key developments:** - v1 users must close positions and withdraw deposits by **Nov 31, 2025** - $PMX staking automatically transfers to FrenDeFi platform - Full protocol now offers **leveraged yield strategies** for trusted assets from Ethena, Lido, Ether.fi, and others **What's live now:** - **35M+ $PMX rewards program** for lenders, traders, and farmers - Cross-chain portfolio management with gasless transactions - Social login and fiat on-ramp integration - Instant swaps and liquidity provision **Coming in v2:** - **AI-powered portfolio rebalancing** for optimized yield - Cross-margin portfolio management - Advanced $PMX utilities and revamped tokenomics - Modular, scalable architecture **Immediate expansion plans:** - More RWAs, DEX LP tokens, stablecoins, LST, and LRT for farming - Additional tokens for leveraged trading with CEX-like automation - Advanced perps interface (FrenDeFi Pro) The transition represents a strategic evolution from basic lending/trading to a comprehensive DeFi ecosystem with AI integration.

**Primex completes Round 2 reward distribution** with **10x more $PMX tokens** than Round 1. **Key highlights:** - Top contributors rewarded proportionally to earned points - Rewards distributed to lenders, farmers, and traders - Remaining $PMX pool reserved for future community incentives **What's next:** - Follow [@primex_official](https://twitter.com/primex_official) for upcoming initiatives - Check [winners and distribution details](https://docs.primex.finance/guides/primex-rewards-program/phase-1-round-2-rewards-and-winners) Primex continues building its non-custodial protocol connecting lenders with leveraged traders across multiple DEXs.

**Primex Finance** has launched DeFi leverage trading for three major tokenized assets: - **$SPYon** - tokenized SPDR S&P 500 ETF - **$NVDAon** - tokenized NVIDIA stocks - **$TSLAon** - tokenized Tesla stocks **For Lenders:** - Deposit tokenized stocks into Credit Buckets - Earn interest as traders borrow your assets - Keep market exposure while generating yield **For Traders:** - Long or short tokenized stocks 24/7 - Trade against USDT or USDC on spot DEXs - Access traditional markets without leaving DeFi This marks the first protocol enabling DeFi leverage for tokenized stocks, giving users access to the $64 trillion U.S. securities market on-chain through partnerships with regulated providers. [Start trading on Primex](https://app.primex.finance)

**Primex becomes the first protocol to enable DeFi leverage for tokenized stocks**, partnering with Ondo Finance to provide 24/7 access to $64 trillion U.S. securities markets. **Key Features:** - Swap 100+ tokenized stocks and ETFs with zero interface fees - All stocks backed by securities held with regulated broker-dealers - Access via [app.primex.finance](https://app.primex.finance) **Coming Soon - Leveraged Trading:** - $SPYon (tokenized SPDR S&P 500 ETF) - $NVDAon (tokenized NVIDIA exposure) - $TSLAon (tokenized Tesla exposure) **Benefits for Users:** *For Lenders:* - Deposit tokenized stocks into Credit Buckets to earn interest - Keep market exposure while earning yield - Dynamic, utilization-based rates *For Traders:* - Long or short tokenized stocks on DEXs 24/7 - On-chain settlement with decentralized limit orders - Pair trading capabilities between different tokenized assets **What's Next:** - More Ondo assets and RWAs - Enhanced stablecoin infrastructure - Advanced cross-margin strategies This development positions Primex at the forefront of bringing traditional finance assets into DeFi with full composability. *Note: Not available to US persons*

Primex Finance has expanded its futures trading offerings with several new listings on both EVM and Solana networks: - BABYDOGE (Baby Doge Coin) - CHEEMS (Lord Cheems) - SAROS (Saros) These pairs are now available for trading with up to 10x leverage. Recent additions also include BGSC, ANDY (up to 5x), RUNE (THORChain), TAC, ANI, CAT (Simons Cat), and SOPH. All pairs can be traded at [perps.primex.finance](http://perps.primex.finance)

**0x Protocol** has been integrated into Primex's FrenDeFi ecosystem on Monad blockchain. Key features: - Decentralized asset swapping without intermediaries - Enhanced security and user asset control - Lower transaction costs - Broader token accessibility The integration aims to streamline DeFi trading by providing: - Faster execution speeds - Optimized trading routes - Improved liquidity aggregation Learn more about the integration at [Frencademy](https://defi.primex.finance/#/app-catalog?expanded=0x)

**Pyth Network**, a first-party financial oracle network, has integrated with Primex to provide real-time market data from institutional sources. Key features: - Supports multiple blockchains with high-frequency price feeds - Covers digital assets, equities, forex, and commodities - Over 400 price feeds available The integration offers **enhanced security benefits**: - Protection against price manipulations - Prevention of flash loan attacks - Defense against inefficient market arbitrage Learn more at [Frencademy](https://defi.primex.finance/#/app-catalog?expanded=pyth-network)

The latest Monad Eco Roundtable focused on the critical role of reliable data in DeFi, featuring experts from Pyth Network and Accountable Data. Key discussion points: - Importance of trustless data in Web3 - Current challenges in DeFi data reliability - Solutions for maintaining data integrity This follows their previous roundtable on liquid staking and oracle innovations with Kintsu and Band Protocol. [Read the full recap](https://blog.primex.finance/primex-monad-frens-roundtable-3-recap-why-trustless-data-matters-in-defi-and-web3-8fcf2b47fb80)

Alex Marukhnenko, CTO of Primex Finance, demonstrated the power of AI-assisted development by building a complete NFT marketplace in just 8 hours using Cursor AI. The project showcases how AI tools can dramatically accelerate development cycles in web3. Key highlights: - Full NFT marketplace built in single workday - Project utilized Cursor AI assistant - Insights shared by Primex CEO V. Kostanda This development aligns with broader industry trends, as highlighted by blockchain gaming leaders who note AI's potential to empower smaller development teams and accelerate project timelines. [Read the full case study](https://www.linkedin.com/pulse/unlocking-ai-powered-development-nft-marketplace-built-day-kxfie)

Primex Finance is preparing to launch V2 of their DeFi platform, building on their successful mainnet release. The update will integrate: - Cross-margin portfolio management - AI-powered rebalancing for yield optimization - Unified platform for lending, farming, staking, and trading The protocol currently supports assets from major providers including Ethena Labs, Lido Finance, and Frax Finance. Users can earn PMX rewards through the Rewards Program as lenders, traders, or farmers. Learn more: [Primex Blog](https://blog.primex.finance/primex-finance-wraps-up-mainnet-beta-stage-opening-a-new-chapter-in-the-protocols-journey-8bf60f6e975c)