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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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Overview

Project industryFinance Services & Banking
Product typeProtocol
FoundedUnited States
WhitepaperPrimitive White Paper Open
OnepagerPrimitive Onepager Open

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.

Details

Raised: 9,000,000 USD

Legal

Registration year: 2020

Project team

Alex
Alex
CEO
Alex twitter
Zachary Thielemann
Zachary Thielemann
COO
Zachary Thielemann twitter
Matt
Matt
CTO
Matt twitter
Clément
Clément
Lead Protocol Engineer
Clément twitter
0xEstelle
0xEstelle
Head of Research
0xEstelle twitter
RJ
RJ
Senior Frontend Engineer
RJ twitter
John
John
Lead Product Engineer
John twitter
0xJepsen
0xJepsen
Quantitative Researcher
0xJepsen twitter
Royce
Royce
Designer
Royce twitter

Social media

Primitive web-sitePrimitive LinkedInPrimitive X (Twitter)Primitive DiscordPrimitive Github

MVP

MVP URL

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