Primitive
On-chain derivatives solution
Primitive ™
@Primitive ™Followers14.03 K
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DeFi derivatives built on SolanaPrimitive built the Replicating Market Maker ("RMM") protocol, an oracle-free solution for 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 was originally launched as a decentralized options protocol.
Team Members
A
Alexander AngelFounder & CEO
Investors
Bain Capital Crypto
1confirmation
Nascent
Robot Ventures
Collab+Currency
Hart Lambur
Electric Capital
Framework VenturesFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Series A | $9.00M | -- | 2022-08-17 |  Bain Capital Crypto* 1confirmation+ 4 |
Seed | $3.00M | -- | 2021-04-30 |  Electric Capital Framework Ventures+ 5 |