TechFlow reports that Primitive, a DeFi infrastructure and product developer, has announced on Twitter the launch of its new product Portfolio, which enables low-cost creation of multi-leg liquidity positions for designing specific strategies, similar to multi-leg options strategies.
Specifically, when allocating assets to an automated market maker (AMM), liquidity providers (LPs) gain exposure to unique combinations of token positions. As the prices of these tokens change over time, agents (such as arbitrageurs) will rebalance the pool to align with the target value of the portfolio. Users can leverage this to create a fully algorithmic, trustless on-chain strategy that operates by incentivizing agents.
According to Rootdata, Primitive completed its Series A funding round on August 18, 2022, led by Bain Capital Crypto, with participation from 1confirmation, Nascent, Robot Ventures, and others.
