The foundation released its litepaper today detailing how their proposed safety nets will make DeFi more approachable and less chaotic to current and future adopters, followed by a call to action for recruiting an open-source ecosystem of partners, builders, and users to help execute its vision for a more sustainable open financial system.
PrimeDAO will contribute to their community’s vision of a sustainable financial economy by building and acting as a:
PrimeDAO’s first governed product is a DEX aggregator that provides the best-price discovery, slippage reduction, and reliable settlement. It is a newly open-source version of the Totle aggregator, who has provided it to PrimeDAO as its first product. From day one, the Prime Aggregator will be integrated with hybrid DEXs, AMMs, and other DEX types. Soon after the DAO’s launch, the router’s parameters will be governed by the DAO, including its fee structure and whitelisted liquidity sources.
As an ecosystem member, Draper Goren Holm will contribute its community-building efforts, PR and marketing arm, and mentorship to kickstart the genesis of PrimeDAO. In addition, Draper Goren Holm has brought on its portfolio companies Rivet and DeFi Money Market to help lead an effort that makes DeFi more sustainable and approachable to current and future users.
Alon Goren and Josef Holm, Founding Partners of Draper Goren Holm, said in a joint statement, “We’re beyond excited to see the birth of PrimeDAO as we completely align with its vision on how the future of decentralized finance should manifest into an environment that’s more sustainable and less daunting for all. Even more so, it’s great to have our portfolio companies Rivet and DMM join the PrimeDAO family as we enter the next wave of DeFi.”
Learn more about PrimeDAO’s soft launch and get involved today by visiting primedao.io.
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