what's Democratized Prime?

Democratized Prime is a decentralized lending marketplace developed by Figure Markets that connects lenders' cash or cryptocurrency deposits with borrowers seeking liquidity against collateral such as crypto or real-world assets like home equity lines of credit (HELOCs). It operates via a real-time Dutch auction engine that matches lending offers to the highest borrower-acceptable rates transparently without intermediaries. Lending pools typically run hourly, enabling frequent yield adjustments, immediate earning, and full on-chain transparency for short-term or repeated lending cycles.

Democratized Prime reached $300M market size on Kamino platform.