Primitive

Primitive is an open-source protocol for decentralized options and the ethereum decentralized finance ecosystem. Explore RMM-01, the first Automated Market Maker of its kind.

Series A round $9 Million

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What is Primitive

Primitive built the Replicating Market Maker ("RMM") protocol, an oracle-free solution to scalable and efficient on-chain derivatives.

RMM liquidity is an innovative financial vehicle that replicates derivative payoffs. Assets that back these derivatives are productively used as spot liquidity, allowing swaps between the assets just like any other DEX.

Primitive is an ecosystem of efforts to build an innovative and oracle-free solution to DeFi derivatives. Under Primitive is a US equity company Primitive Bits, the decentralized RMM protocol, and the Primitive Products.

Company: The company is a US incorporated legal entity that develops protocols, products, and interfaces for the Primitive ecosystem.

RMM Protocol: RMM protocol is a set of immutable smart contracts which do not grant special permission to the Company and cannot be altered.

Products: The products and their interfaces are open-source code hosted on a company controlled domain primitive.xyz, as well as decentrally hosted through IPFS. All interfaces are available to be downloaded and run locally.