🚀 Prime Protocol is now live on Moonbeam! As the first natively cross-chain prime brokerage, Prime Protocol enables DeFi users to borrow against assets on any supported chain without token bridges, swaps, or wrapping✨ This is BIG. Starting today, Prime’s model of interoperability via connected contracts overcomes a major hurdle in DeFi, where existing infrastructure only supports a single blockchain often backed by a single collateral type. Prime provides access to a number of blockchains & assets as well as a never-before-seen feature: “Universal Access” which allows users to originate txs on any supported chain using assets they currently own for gas. With this initial launch, Prime features support for Ethereum, Moonbeam, and Arbitrum using Axelar’s General Message Passing infrastructure for interchain communication. 👉 Read the announcement & learn more about how Prime Protocol is tapping into Moonbeam’s x-chain connectivity and delivering on seamless UX for the Polkadot ecosystem & beyond: https://vxtwitter.com/prime_protocol/status/1655954660820398083 -

🚀 Prime Protocol is now live on Moonbeam! As the first natively cross-chain prime brokerage, Prime Protocol enables DeFi users to borrow against assets on any supported chain without token bridges, swaps, or wrapping✨ This is BIG. Starting today, Prime’s model of interoperability via connected contracts overcomes a major hurdle in DeFi, where existing infrastructure only supports a single blockchain often backed by a single collateral type. Prime provides access to a number of blockchains & assets as well as a never-before-seen feature: “Universal Access” which allows users to originate txs on any supported chain using assets they currently own for gas. With this initial launch, Prime features support for Ethereum, Moonbeam, and Arbitrum using Axelar’s General Message Passing infrastructure for interchain communication. 👉 Read the announcement & learn more about how Prime Protocol is tapping into Moonbeam’s x-chain connectivity and delivering on seamless UX for the Polkadot ecosystem & beyond: https://vxtwitter.com/prime_protocol/status/1655954660820398083 -

🚀 Prime Protocol is now live on Moonbeam! As the first natively cross-chain prime brokerage, Prime Protocol enables DeFi users to borrow against assets on any supported chain without token bridges, swaps, or wrapping✨ This is BIG. Starting today, Prime’s model of interoperability via connected contracts overcomes a major hurdle in DeFi, where existing infrastructure only supports a single blockchain often backed by a single collateral type. Prime provides access to a number of blockchains & assets as well as a never-before-seen feature: “Universal Access” which allows users to originate txs on any supported chain using assets they currently own for gas. With this initial launch, Prime features support for Ethereum, Moonbeam, and Arbitrum using Axelar’s General Message Passing infrastructure for interchain communication. 👉 Read the announcement & learn more about how Prime Protocol is tapping into Moonbeam’s x-chain connectivity and delivering on seamless UX for the Polkadot ecosystem & beyond: https://vxtwitter.com/prime_protocol/status/1655954660820398083 -

Distribution of eligible assets will happen in two stages. The first distribution-36.25% of each settling Custody account holder’s Custody account balance - is opening today.

Users will not be able to withdraw assets until all account information is up to date and verified. For more information, please visit our Custody Account Withdrawal FAQ:

As a reminder, eligible Custody account users were able to opt in to the Custody Settlement in exchange for electing not to pursue any Custody-related claims or causes of action against Celsius and for voting their Custody claims in favor of the Plan.