Leadership Change for Next Phase of Growth

Dear Prime Protocol Community,

Today, we are excited to share some news with you, marking a new milestone in our journey. As we look towards our next phase of growth, we are making a leadership transition to steer Prime Protocol towards new horizons.

Welcoming Neeraj Kohirkar as CEO

We are delighted to announce that Neeraj Kohirkar, our Chief Product Officer, will be stepping up as the CEO of Prime Protocol. Neeraj, a seasoned builder in the crypto space since 2017, brings a wealth of experience and a fresh perspective to our leadership team.

Neeraj has been with Prime since Day 1. Before joining Prime, Neeraj served in a leadership role at Netflix for over four years, where he played a pivotal role in driving technological advancements. He has also spent 10+ years as an investor, entrepreneur, and technical advisor. His entrepreneurial spirit, coupled with his deep expertise in the tech and crypto domains, makes him an exemplary leader to guide Prime through its next stage of development and growth.

Colton will continue to play a crucial role in Prime’s journey as he steps into the role of Executive Chair. He will remain actively involved in key decisions and technical contributions to the protocol.

Successful Mainnet Launch

We’d like to highlight our key achievements in the last 4 months since mainnet launch:

• Total Value Locked (TVL) Growth: 5 million
• User Adoption: 8k+ unique mainnet users
• First cross-margined, cross-chain borrowing protocol

These achievements are a testament to the hard work of our team and the unwavering support of our community.

Vision Forward: Prime’s Upcoming Endeavors

As we forge ahead, Prime Protocol will continue to evolve, innovate, and expand. Our commitment to providing a seamless and robust cross-chain lending platform remains steadfast. Here’s a glimpse into our future plans:

• Refining User Experience: Enhancing the usability and accessibility of our platform.
• Chain and Asset Expansion: Integrating new chains and assets to broaden our offerings.
• Feature Development: Rolling out new features to meet the diverse needs of our users.
• Community Engagement: Strengthening our community through various initiatives and programs.

We are very excited for this new phase at Prime. We will continue innovating to help take DeFi to new heights, and we look to continue bringing value to our incredible community.