Cross-chain derivatives protocol Primex Finance launches on Ethereum testnet

ChainCatcher news, the cross-chain derivatives protocol Primex Finance announced the launch on the Ethereum Goerli testnet, allowing users to experiment with the protocol's cross-DEX spot margin trading.

It is reported that Primex Finance is a cross-chain wholesale brokerage liquidity protocol for cross-DEX margin trading, featuring a trader scoring mechanism. Lenders will flexibly manage their risks and returns by providing liquidity to various risk buckets (subsets of liquidity pools that regulate trader risk strategies). Earlier this year in February, the project completed a $5.7 million seed funding round, led by Stratos Technologies and CoinFund. (source link)