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CRYPTO NEWS & DATA SPACE

Fantom Supported on Prime Testnet

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Fantom Supported on Prime Testnet, Users will be able to deposit Fantom testnet funds, as well as funds from several other testnets, into Prime Protocol.

Prime Protocol is excited to announce the addition of Fantom Testnet to their upcoming testnet app! Fantom has thousands of active daily users. And Prime welcomes the Fantom community to test the functionality of Prime. during the beta period. As Fantom Supported on Prime Testnet.

Users will be able to deposit Fantom testnet funds, as well as funds from several other testnets, into Prime Protocol, and borrow against the entire value of their collateral. Prime Testnet supports MetaMask, Coinbase Wallet and Wallet Connect to give users a variety of options to deposit their funds into the application. Some lucky users who interact with our testnet will be rewarded with a special Prime NFT and other incentives!

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About Fantom Network

Fantom is a high-performance, scalable, EVM-compatible and secure smart contract platform. Its consensus mechanism, Lachesis, allows for much higher transaction speeds and improvements, without sacrificing security or decentralization. Fantom is powered by a leaderless Proof-of-Stake protocol to secure the network. Fantom is open-source and permissionless, meaning anyone can use the technology and anyone can participate in securing the network through validator nodes.

Website | Twitter

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About Prime Protocol

Prime Protocol is building the first natively cross chain prime brokerage. Similar to margin loans in traditional finance, Prime offers over-collateralized stablecoin loans backed by investors’ entire digital portfolios, regardless of asset type or blockchain. This model of interoperability is revolutionary in the DeFi space, where existing infrastructure only supports loans within single blockchain ecosystems, often only backed by a single collateral type.

  • One Account For Every Token – Borrow against your whole portfolio.

  • Cross Chain Margining

  • Universal Monetary Policy – One competitive interest rate for every loan.

Website | Twitter

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SOURCE: MEDIUM
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