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Prime Protocol

Last updated: Sep 06, 2022

We’re building Prime, the first natively cross-chain protocol that allows you to borrow against the value of your entire portfolio across all blockchains. It doesn’t matter which chain you deposit collateral on or where you need the loan. You find the yield, we give you the liquidity to chase it.

Seed Round $2.75 Million

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Overview

Project industry	Finance Services & Banking
Product type	Protocol
Whitepaper	Open

What is Prime Protocol

Prime protocol is a one-stop-shop that can meet all of your liquidity needs. As a DeFi investor, you can deposit all of your digital assets into a single protocol, Prime, across different chains, and receive a single revolving line of credit. No matter where your collateral is or where you need the loan, we’ve got you covered.

Prime protocol makes your crypto work for you as collateral regardless of what chain it’s on or what kind of token it is. Rather than borrowing against each asset individually, you can take out a loan on any chain and it will be backed by the collateral value of your cross-assets.

Prime protocol gives you access to lower rates, liquidity where you need it most, and high LTV ratios. No need to exit a position on one chain to earn yield on another. Earn yield on both! Simply deposit your ibTokens into Prime, take out a loan on the chain of your interest, and watch your money multiply. With Prime, you get:

One simple line of credit for your entire portfolio
The ability to earn yield on interest bearing tokens, even when they are used as collateral
Capability to get a loan, regardless of chain, without bridging collateral
Crazy low interest rates and high LTV ratios