Prime Protocol
One Account For Every Token.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
$1.3m Valuation: $14.0m | Early VC | ||
| Total Funding | 000k | ||
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Prime Protocol, accessible at primeprotocol.xyz, is a pioneering startup in the decentralized finance (DeFi) sector. The company is developing the first natively cross-chain prime brokerage, which means it allows users to manage and trade assets across multiple blockchain networks seamlessly. Prime Protocol aims to enhance capital efficiency in the DeFi space by enabling cross-margining, which lets users leverage their assets across different blockchain ecosystems.
The business primarily serves DeFi enthusiasts, traders, and investors who are looking to maximize their returns by leveraging assets across various blockchain networks. These clients are often referred to as "degens" in the crypto community, a term used to describe individuals who actively seek high-yield opportunities in the DeFi market.
Prime Protocol operates in the rapidly growing DeFi market, which is part of the broader cryptocurrency and blockchain industry. This market is characterized by its innovative financial products and services that operate without traditional intermediaries like banks.
The company's business model revolves around providing a platform that supports a wide variety of ERC20 tokens (a type of cryptocurrency standard), ibTokens (interest-bearing tokens), and LP tokens (liquidity provider tokens). By enabling cross-chain margining, Prime Protocol allows users to receive liquidity on any blockchain network, regardless of where their collateral is locked. This feature is particularly valuable for traders looking to optimize their portfolios and capitalize on arbitrage opportunities.
Prime Protocol makes money through transaction fees, interest on leveraged positions, and participation in liquidations and arbitrage opportunities. These revenue streams are designed to help stabilize their native stablecoin, PUSD, and ensure the platform's sustainability.
In summary, Prime Protocol is a cutting-edge DeFi platform that enhances capital efficiency by enabling cross-chain asset management and trading.
Keywords: DeFi, cross-chain, prime brokerage, ERC20, ibTokens, LP tokens, capital efficiency, liquidity, arbitrage, PUSD.