Supra partners with Primex Finance, a leading decentralized spot margin trading protocol

Supra is excited to announce its strategic partnership with Primex Finance, a pioneering non-custodial prime brokerage protocol. Primex Finance addresses a critical market need by enabling leveraged trading of a wide range of tokens, including those not listed on centralized exchanges. 

As the demand for trading emerging tokens—such as meme tokens and post-launchpad tokens—continues to grow, traders often face limitations on spot AMM DEXs, which lack user-friendly interfaces and leverage support. Primex Finance enables leveraged spot trading with a CEX-like experience, offering advanced tools like take-profit, limit, stop-loss orders, position management, and more.

Supra’s collaboration with Primex Finance will enhance the platform’s trading capabilities by providing real-time, decentralized, and secure Oracle services. Primex Finance will benefit from Supra’s low-latency oracle, which ensures accurate and averaged market prices, protecting traders and lenders from risks such as price manipulation and inefficient arbitrage. 

The integration of Supra’s services will enable faster and more efficient execution of liquidations and orders, safeguarding user assets and ensuring data integrity. Furthermore, Supra’s support for multiple tokens and networks will allow Primex Finance to add new features and expand its token offerings without any development delays.

Joshua D. Tobkin, CEO and Co-founder of Supra, commented: 

“We are incredibly excited to collaborate with Primex Finance, a leader in the decentralized finance space. Supra’s robust and secure Oracle solutions will help Primex protect its users and provide them with a reliable and efficient trading experience. Together, we look forward to driving the adoption of decentralized trading and bringing new opportunities to the market.”

About Supra

Supra offers a Layer-1 blockchain designed for super dApps, featuring a vertically integrated ecosystem with multi-VM support, native oracles, verifiable randomness, and cross-chain communication. It aims to enhance dApps with superior performance, scalability, and security while bridging traditional financial markets with Web3 through powerful cross-chain Oracle solutions, enabling fast, agile, and resilient data applications.

Join the Supra community:

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About Primex Finance

Primex Finance is a pioneering non-custodial prime brokerage protocol designed to connect lenders with traders, facilitating leveraged trading on popular DEXs such as Uniswap, Balancer, and Curve. By aggregating liquidity from multiple DEXs and offering an EVM-compatible multichain protocol, Primex Finance optimizes the trading experience for users while providing access to a broader range of assets for margin trading.

In an upcoming upgrade, Primex will evolve to an oracle-agnostic protocol, incorporating Uniswap v3 pools as a price data source and expanding support to various oracles. Among the latest integrations is Supra, added to enhance trade execution and increase platform resilience.

Join the Primex Finance community:

Website | Twitter | Telegram | Medium | Discord