pTokens
pTokens: Interest-Bearing Deposit Tokens
PrimeFi issues a pToken for every supported asset you supply. For example, a USDT deposit mints pUSDT to your wallet.
Symbol format
p<ASSET>, e.g. pWETH, pUSDC
Lifecycle
• Minted when you supply the underlying asset.
• Burned when you withdraw or when your collateral is liquidated.
Valuation
Maintains a 1:1 peg to the underlying asset. Your pToken balance grows over time as interest accrues.
Interest accrual
Each reserve has a liquidity index. When the index increases, your pToken balance is scaled up proportionally—no action required.
Wallet visibility
pTokens are standard ERC-20 tokens and appear in most wallets; you may need to add the contract address manually.
Redeeming
Navigate to Dashboard → Deposits → Withdraw to convert pTokens back to the original asset. The protocol burns the pTokens and transfers the corresponding underlying amount.
Last updated