Embedded Finance is a growing trend where non-banking applications provide financial services through sleek user experiences powered by banking APIs.
Embedded DeFi is a similar trend where DeFi applications expose Ecosystems for non-DeFi apps to embed their services. PrimeLab is building an open Ecosystem to take full advantage of this capability. Creating a sleek user experience where customers and developers alike can take advantage of an ecosystem of DeFi products from a central dashboard.
Every PrimeLab user has a Hash wallet that contains a native wallet for every ecosystem we support. Coins are never bridged or wrapped, when a user receives coins they are a native coins supported across multiple dapps, accessible from that ecosystem’s native wallet.
PrimeLab’s open-source, payment ecosystem allows dapp purchases to be regarded as the purchase of a product rather than a financial asset. The Open-Source ecosystem is embedded in PrimeLab’s main app store “HomePage” and can be adopted by any dapp or web2 product. Read more about the Payments Ecosystem
Current path to purchase an DApp
PrimeLabs Fix<>Coin onramp Ecosystem
Most companies pay for a reporting tool and spend hundreds of hours ensuring their expense reports are correct. PrimeLab automates the process because every on-chain action is auditable. A business can instantly audit how much they’ve made, where they have locked their funds to earn yield and what’s been sold.
PrimeLab users want to earn real yield on their coins, like they would in a savings account. Embedded DeFi powered by a payment ecosystem of DeFi projects allow users to stake their coins in validators, liquidity pools, etc … earning yield on coins as they’re held.
PrimeLab’s coin transfer methodology requires users to send and confirm receipt of funds making it impossible to accidentally burn coins to an account that doesn’t exist. Goods paid for in coins eliminate the need for transferring assets through traditional banks.
Each of these financial capabilities and more are made easily accessible with Modular components powered with Web3 Ecosystem. They will be made available to any App building on the PrimeLab ecosystem. Empowering a suite of products with Embedded DeFi built into their foundations.