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    TL;DR

    Primitive built the Replicating Market Maker ("RMM") protocol, an oracle-free solution to scalable and efficient on-chain derivatives.

    Dossier

    ## Overview Primitive is a decentralized exchange (DEX) built on Ethereum that specializes in on-chain derivatives trading through its proprietary Replicating Market Maker (RMM) protocol. Rather than relying on external price feeds or oracles, Primitive implements an oracle-free mechanism designed to provide scalable and efficient derivatives execution directly on the blockchain. The protocol addresses a core problem in decentralized finance: how to offer derivatives trading without introducing centralized dependencies or the latency and security risks associated with traditional oracle system