Crypto
PRIME Token Connects TradFi and DeFi with Higher-Tier Yields
PRIME is a yield-bearing receipt token developed by the Hastra protocol to bridge traditional finance (TradFi) and decentralized finance (DeFi). The token allows users to capture higher-tier yields from Figure's Home Equity Line of Credit (HELOC) portfolios.
The value of PRIME moves through the system as borrowers pay interest on their real-world loans, which is then captured by the protocol and distributed to PRIME holders.
As a liquid staking token, holding PRIME automatically accrues rewards that reflect the performance of the underlying lending pools. The Hastra ecosystem's growth and integration of more loan portfolios increase the scalability of the yield mechanism.