DeFi infrastructure and product developer Primitive will launch a new product called Portfolio

2023-04-10 09:14:58

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ChainCatcher news, DeFi infrastructure and product developer Primitive announced the launch of a new product called Portfolio, which allows for the low-cost creation of multi-asset liquidity positions that can be used to design specific strategies, similar to multi-asset options strategies.

Specifically, when allocating assets to automated market makers (AMMs), LPs will gain exposure to a unique combination of tokens. As the prices of these tokens fluctuate over time, agents (such as arbitrageurs) will rebalance the liquidity pool to match the target value of the portfolio. Users can use it to create a fully algorithmic, trustless on-chain strategy that incentivizes agents to act.

According to Rootdata, Primitive completed its Series A funding on August 18, 2022, led by Bain Capital Crypto, with participation from 1confirmation, Nascent, Robot Ventures, and others. (Source link)

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Primitive Portfolio

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