Prime Protocol is Live on Mainnet!
It is with great pleasure that we announce the official launch of Prime Protocol on Mainnet!
Prime Protocol started as an idea in early 2022 that grew from Prime Founder Colton Conley’s own personal struggles in maneuvering across blockchains in the DeFi space. In the last year, Prime has grown into an application that is poised to lead the charge in cross-chain DeFi.
Prime allows users to deposit assets from any chain supported on the platform, and borrow assets from any other chain on the platform based on their overall account value. This technology is revolutionary in the crypto space, and it will comprehensively change the way users can get more value from their portfolios. Our vision is to facilitate the spread of wealth across the crypto ecosystem by reducing friction and fragmentation between chains.
Prime also launches with “Universal Access”, a never-before-seen feature integrated directly into the protocol that allows users to originate a transaction on any chain that’s supported on the protocol using assets they currently own on any other chain as gas fees for the transaction. We believe that this feature will transform the user experience by providing much easier access to the blockchains users want to utilize for their trading needs.
To the Prime Community
THANK YOU!! The Prime Community has had our backs every step of the way. Without your support, the Prime Protocol brand would not be what it is today. We hope you enjoy using Prime just as much as we’ve enjoyed creating it! This is just the beginning for all of us, and we hope to exceed your expectations of what’s to come.
What to Expect on Prime for Launch
Prime on Mainnet includes all of the features that our wonderful community has helped us test the last few months — including Money Markets, Universal Access, and of course the base cross-chain functionality of the protocol.
We are rolling out Prime in a phased manner — beginning with support for Arbitrum, Avalanche, Moonbeam and Ethereum. We want to take time to truly appreciate each and every ecosystem we integrate into Prime. We’ll be bringing more chains and more assets to Prime in the coming weeks. Reach out to us on Twitter and let us know what blockchains/assets you’d like to see on Prime!
Prime Early Adopter Program
Introducing the Prime Early Adopter Program! The Prime Early Adopter Program will allow users to accumulate points based on their transactions on Prime. Points are accrued through deposits and borrows on Prime. Here’s how points will be tracked on the app:
- For every 1 dollar deposited or borrowed, one point is gained
- After your deposits or borrows are kept in the protocol for 1 week, points will start to accumulate at 2x the normal rate. This means that every dollar deposited or borrowed for more than 1 week will earn 2 points.
- After your deposits or borrows are kept in the protocol for 2 weeks, points will start to accumulate at 3x the normal rate. This means that every dollar deposited or borrowed for more than 2 weeks will earn 3 points.
Your points and earn rate will automatically be calculated and displayed on your dashboard.
Day 1 of Prime on mainnet is a huge milestone for all of us, but it’s just the beginning. We’ll be supporting more asset types, more chains, and more features very soon. The launch of Prime Protocol on Mainnet marks a significant milestone for DeFi. With its revolutionary cross-chain capabilities, Prime Protocol aims to transform the way users manage their portfolios and access assets across different blockchains. The integration of features such as Universal Access and Money Markets further solidifies Prime Protocol’s position as the first natively cross-chain prime brokerage.
The team behind Prime Protocol has worked tirelessly to deliver a top-notch platform, and our efforts are reflected in the incredible support we’ve received thus far from the Prime community. As the protocol continues to evolve, we can expect to see even more innovation in the DeFi space, and Prime Protocol will undoubtedly play a leading role in this transformation. Follow us on our social accounts below to stay up to date with all things Prime!
