Primitive
Primitive
Derivatives without Oracles.
An alternative to traditional finance options.
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Primitive Raises $9 Million in Series A Funding to Build AMM Discovery Platform
Primitive is thrilled to announce that we have raised $9 million in Series A funding. The round was led by Bain Capital Crypto and included participation from 1confirmation, Collab+Currency, Hart Lambur, Nascent, and Robot Ventures. In addition to Electric Capital and Framework Ventures, all investors participated in Primitive’s seed round, which raised $3 million.
RMM-01 Dynamic Concentrated Liquidity Analysis 1
Liquidity providers (LPs) can use the Primitive RMM-01 protocol to create portfolios that express directional views with respect to asset prices. Setting an out of the money (OTM) strike implies an expectation of positive market movement while setting an in the money (ITM) strike implies expectation of negative market movement. Implied volatility (IV) and time to maturity parameters describe the dynamic behavior of concentrated liquidity.
Sybil detection on DeFi protocols
In April, Primitive launched its first product, RMM-01, a decentralized finance (DeFi) protocol that allows users to earn trading fees from automated trading. When the protocol reached nearly 1000 cumulative users, we analyzed the accounts to determine their authenticity.
December 2020 Alpha Primitive V1 Security Reminder
In 2020, the first alpha Primitive contracts were deployed for the V1 protocol. One of the peripheral contracts was discovered to have an approval vulnerability, which was detailed in the postmortem available here.
RMM Primer - A friendly guide for Primitive and AMMs
Primitive Replicating Market Maker ("RMM") is a supply source for tokens and option derivatives\*. Existing as a free, unchangeable, and unowned protocol, RMM is the purest form of decentralized infrastructure.
Primitive Weekly January 23, 2022
Secret highlight of the week, here’s a keccak256 hash of the description:
Primitive Weekly January 16, 2022
Most impactful highlight of the week is Verumlotus's implementation of a Theta Vault built on Primitive. It is based on Ribbon Finance's Theta Vaults, and manages liquidity in Primitive RMM pools on behalf of depositors.