Difference between revisions of "Primitive Protocol"

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Latest revision as of 08:58, 23 January 2022

Basics

  • Based in:
  • Started in / Announced on: 8-12-2021
  • Testnet release: 7-12-2021
  • Mainnet release: should launch in 12-2021 (according to the announcement)
  • Replicating Market Maker ("RMM-01"), a spot exchange and derivative protocol.

History

Audits & Exploits

  1. ChainSecurity audit over 8 audit weeks
  2. ABDK audit over 4 audit weeks
  3. Dedaub audit over 4 audit weeks
  4. Sherlock continuous review since August

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper or docs can be found here.
  • Code can be viewed [insert here].

Implementations

How it works

"The features on launch include:

  1. Concentrated fungible liquidity
  2. Liquidity pool tokens that replicate covered call options

The protocol can be used for:

  1. Earning swap fees as a liquidity provider
  2. Swapping between tokens of underlying pools
  3. Building structured products using the composable liquidity pool tokens
  4. Creating liquidity pools for any token pair"

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

"Primitive is an oracle-free solution to scalable and efficient on-chain derivatives, reflecting our belief that the future of decentralized finance should not depend on expensive (and often brittle) oracles."

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].
  • From the announcement (8-12-2021):

"Building this protocol was a collaborative effort that could have not been done without the help of Alex Evans, Guillermo Angeris, Tarun Chitra, and Experience."

Funding

Partners

(:

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