Prime Numbers Labs is a blockchain-focused organization known for its pioneering work in decentralized finance (DeFi) and non-fungible tokens (NFTs) on the XDC Network.
Prime Numbers Labs is the entity responsible for the creation of a multitude of thriving ecosystems. The first and most renowned is the Prime Numbers XDC Ecosystem, our birthplace, and the stepping stone to becoming the entity we are today.
In our view, this is just the start.
We are deploying more ecosystems in more EVM blockchains.
Prime Numbers Labs’ portfolio can be divided into four distinct components:
The Liquid NFT Staking System is an innovative method of staking digital assets that blend the versatility of liquid staking with the potential benefits of non-fungible tokens (NFTs). It’s a progression from the traditional Liquid Staking System(LSD).
The system provides users with the following options:
In this system, the NFT functions as a vault. Users can stake within the NFT, with the rewards being credited to the NFT. Rewards can be withdrawn from the NFT, and the staked amount can also be retrieved from the NFT.
A user stakes 100 ETH within a Vault NFT, then proceeds to Prime Numbers Finance to collateralize the NFT for ETH.
This ETH can be utilized for various purposes, such as staking in other NFTs or trading. To reclaim the NFT, the user needs to repay the ETH to Prime Numbers Finance.
This innovative model is the Liquid NFT Staking System. These NFTs are liquid in nature since most of their value is attributed to the amount staked within the NFT.
Primeport.xyz is the multichain NFT marketplace that serves as the hub of the Prime Numbers ecosystem, allowing the trading of NFTs from any EVM blockchain.
Built on the XDC Network and launched on December 9th, 2022, PrimePort enables the creation of NFT collections and, crucially, grants you ownership of the smart contract. Given the ever-changing nature of the NFT space, PrimePort remains an evolving project, adapting and updating in response to shifts in the landscape.
PrimePort Minting System
PrimePort Staking NFTs
PrimePort Notification System
Prime Finance is a decentralized finance (DeFi) protocol operating on the XDC network, which pioneers the concept of lending and borrowing cryptocurrency through a pooled liquidity system.
This protocol, which is compatible with most EVM networks, allows lenders to earn a stable, relatively risk-free income from interest on loans, all while bypassing the need for intermediaries.
A unique feature of this protocol is the integration of NFTs (Non-Fungible Tokens) into its lending and borrowing framework.
Through the Liquid NFT Staking System developed by Prime Numbers Labs, users can leverage the funds within their NFTs for use across additional protocols or NFTs. This further extends the versatility and utility of the system, enabling enhanced yield optimization and asset management.
Key components of this Prime Numbers Ecosystem XDC include:
Prime Finance: The first cryptocurrency and NFT lending and borrowing platform on the XDC network. Some of the revenue generated by this protocol is directed towards PRNT NFT & XDC Staking NFT holders.
PRNT NFTs & XDC NFTs: Two unique NFT collections where holders stake PRNT or XDC tokens inside their NFTs to earn rewards from the fees of the Prime Numbers XDC Ecosystem protocols.