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 offers a $25,000 USDC giveaway with Figure for ~9% APY deposits, earning entries.
Offers a $25,000 USDC giveaway promotion in partnership with Figure, where deposits into Democratized Prime earning ~9% APY hourly qualify for entries (1 entry per $1 kept for 25 days).
Reached $300M in market size across loopers and lenders on the Kamino platform.