Prime Protocol is a DeFi crosschain protocol that allows you to exchange tokens between networks and to borrow cryptocurrency from any of the supported networks.
Investors: the project has raised over $2.8 million from Jump Crypto, Arrington Capital, Framework Ventures and others.
Twitter score: 362
Networks: Multichain
Deadline: February 28
At the moment the project is testing in the networks: Arbitrum Goerli, BSC Testnet, Avalanche and others, according to the results of which 4000 random participants will receive Prime Pioneer NFT, for which there may be rewards in the future or we can sell them.
Let's start testing the platform
The first thing we do is to get tokens to pay commissions to your MetaMask wallet: Goerli, Mumbai, Avalanche, Fantom, Arbitrum and Moonbeam
Then connect a purse on the site, go to the tab Faucet and mined test tokens. Then we go to the Dashboard tab, press Deposit opposite of the tokens you have mined earlier, then we bring tokens to the platform, sign transactions. Deposit is confirmed in about 5 minutes.
After the deposit is credited, we click on the button Borrow - Next, put 25% in the field Borrow Amount and borrow from the platform, pressing Borrow, we sign transactions.
Next, go to the tab Swap, and make exchanges between tokens USDC and USP, press Swap and sign transactions.
Next, go to the Bridge tab and make the transfer of USP between networks. To do this, select two networks - USP token (which we swapped earlier) and click Bridge, sign transactions.
Then again, go to the Dashboard tab and in the Deposited Balances field click Withdraw and withdraw some coins back to the wallet.
Then we go to the right column Borrowed Balances, click Repay and partially repay the debt.
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