Prime Numbers Labs has introduced PrimeFi, marking a significant development as the inaugural omnichain lending and borrowing protocol on the Hyperliquid EVM. Utilizing the capabilities of LayerZero, PrimeFi significantly boosts decentralized finance liquidity across a variety of EVM networks. Currently operational on the testnets of Hyperliquid, Arbitrum, Base, and BNB Chain, this protocol is gearing up for its mainnet debut in the near future.The ecosystem is driven by the $PRFI token, which plays a crucial role in facilitating seamless cross-chain liquidity and lending processes. This innovative platform is designed to offer efficient financial solutions, making it a standout in the DeFi space. To ensure security and reliability, PrimeFi is undergoing audits by OpenZeppelin, a reputable firm in blockchain security.PrimeFi's integration of LayerZero technology allows it to operate effectively across different blockchain environments, addressing a critical need for interoperability in decentralized finance. This expansion across multiple networks signifies a step forward in creating a more connected and fluid DeFi ecosystem. With its upcoming mainnet release, PrimeFi aims to set a new standard for omnichain financial services.
Category: DeFi
Tags: Cross-chain, Lending, Layer 2, Protocol, Liquidity, Smart Contracts
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