September 18, 2024
Prime Protocol, a cross-chain liquidity and lending platform, has successfully raised $1.25 million in strategic funding. The investment round saw contributions from Arrington Capital, WAGMI Ventures, CryptoDiscover, Daemon Ventures, and others. With this new capital, Prime Protocol plans to develop V2 products and grow its marketing and engineering teams.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Prime Protocol | $1.25M | September 18, 2024 | Strategic | DeFi |
About Prime Protocol
Prime Protocol is a decentralized finance (DeFi) platform that allows users to manage and leverage their digital assets across multiple blockchain networks. It acts as a cross-chain prime brokerage, enabling users to deposit assets on one blockchain and borrow on another, thus providing instant liquidity and cross-margining capabilities. This means you can consolidate all your digital assets into one protocol and access a unified line of credit, unlocking the liquidity of your entire portfolio. Prime Protocol is backed by high-quality partnerships and a team with extensive experience from top companies and institutions.
Website: https://www.primeprotocol.xyz/
About Investor
The investment round saw contributions from Arrington Capital, WAGMI Ventures, CryptoDiscover, Daemon Ventures, and others
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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