# Prisma digest #1

**Published by:** [Cryptouf](https://paragraph.com/@cryptouf/)
**Published on:** 2023-11-04
**URL:** https://paragraph.com/@cryptouf/prisma-digest-1

## Content

Welcome to the new Newsletter about Prisma !! In case you were stuck in a cave since one week you probably noticed a lot of movement around Prisma Finance and the new token $PRISMA ! Here is a small summary of what happened. Not sure yet if it twill be a weekly, monthly (or something else) newsletter . Let's wait and see.If it’s not already the case, remember that you can subscribe to this Newsletter, so you won’t miss it ! Subscribe below 👇SubscribePrisma and $PRISMA elsewhereFew days ago Prisma changed few parameters. On few an increase of the Debt Cap Prisma Finance @PrismaFi New launch parameters are live! - New Debt Cap increase - Minimum Collateral Ration at 110% (for wstETH, rETH & sfrxETH) - Interest Borrow rate at 1% Less than one hour to go before the start of $PRISMA emission! 184 6:03 PM • Nov 1, 2023 And it didn't take long to be filled again Prisma Finance @PrismaFi Debt Cap of 100m has been filled for @LidoFinance wstETH in 12 hours Open a vault using one of the other 3 collaterals now at app.prismafinance.com/vaults 39 6:38 AM • Nov 2, 2023 And for sfrxETH Prisma Finance @PrismaFi sfrxETH @fraxfinance Debt Cap has been filled 20m mkUSD minted in less than a day 3 out of 4 collaterals have reached their debt ceilings... app.prismafinance.com/vaults 61 4:21 PM • Nov 2, 2023 And it didn't stop as TVL reached $300 million very quickly Prisma Finance @PrismaFi Prisma just reached a TVL of $300 million, less than 24 hours after the launch of the governance token, $PRISMA The community's support has been amazing, and we are only getting started! Join us: app.prismafinance.com/vaults 177 10:38 AM • Nov 2, 2023 The announcement of the $PRISMA token helped a lot ! As users were preparing for the start of $PRISMA emission! Prisma Finance @PrismaFi We're thrilled to announce that $PRISMA, the Prisma Governance Token, is live now on Ethereum mainnet! Ethereum Address: 0xdA47862a83dac0c112BA89c6abC2159b95afd71C The future of LSTfi is here! 274 7:03 PM • Nov 1, 2023 You can also farm $PRISMA on HTX HTX @HTX_Global #HTX #PrimePool #5 Goes Live! Lock $TRX Flexibly Today, Share 25,000 $PRISMA @PrismaFi Start: htx.com/en-us/assetact… 118 6:30 AM • Nov 3, 2023 I didn't take long for $PRISMA to be listed on CEX HTX @HTX_Global #HTX New Listing！ $PRISMA @PrismaFi Deposit and trading is Live Details：htx.com.nr/support/en-us/… 61 6:43 AM • Nov 2, 2023 Llamafolio integrated Prisma finance LlamaFolio @LlamaFolio You can now track @PrismaFi Governance token, $PRISMA, on llamafolio.com Prisma is a decentralized borrowing protocol that allows users to mint a stablecoin, mkUSD, that is fully collateralized by liquid staking tokens. x 35 11:00 AM • Nov 2, 2023 Claim and lock with convex Convex Finance @ConvexFinance You can now claim your @PrismaFi $mkUSD staking rewards directly on Convex as #cvxPRISMA! prisma.convexfinance.com/claim 109 11:17 AM • Nov 3, 2023 WHaaaaat ?? Looks juicy Sidney Gottlieb @Sidn3yGottlieb Fees not looking too bad after the launch 45 6:55 AM • Nov 4, 2023 DYOR and act accordingly before it's too late Sidney Gottlieb @Sidn3yGottlieb A lot of people don't seem to realize that everyone is max boosted this week and that from next Thursday, the $PRISMA game changes as every user will need to either have locked Prisma or buy boost from the market place to claim max rewards. 27 7:03 AM • Nov 3, 2023 Whales joined the party Arkham @arkham In the past hour, a large address linked to Justin Sun has deposited $110M wstETH in the @PrismaFi pools, and has minted over $60M of the stablecoin mkUSD. This address 0x9FC currently owns >60% of the wstETH deposited in Prisma. 232 6:26 AM • Nov 2, 2023 And are dumping like savages DefiMoon 🦇🔊 @DefiMoon Justin Sun already taking the 50% penalty and dumping farmed $PRISMA Considering his size and how high FDV of PRISMA is currently.... I don't see how PRISMA can hold the current price! Might not be a bad idea to activate some kind of value capture for PRISMA asap. $CRV #DeFi Arkham @arkham In the past hour, a large address linked to Justin Sun has deposited $110M wstETH in the @PrismaFi pools, and has minted over $60M of the stablecoin mkUSD. This address 0x9FC currently owns >60% of the wstETH deposited in Prisma. 108 12:15 PM • Nov 2, 2023 Justin doesn't care TΞtranodΞ 🦇🔊 @Tetranode Pro-Tip: if you want to claim $PRISMA without the 50% staking penalty... @ConvexFinance allows you to claim 100% instantly through converting it to $cvxPRISMA prisma.convexfinance.com/claim Prisma Finance @PrismaFi Prisma just reached a TVL of $300 million, less than 24 hours after the launch of the governance token, $PRISMA The community's support has been amazing, and we are only getting started! Join us: app.prismafinance.com/vaults 90 9:46 PM • Nov 3, 2023 Votes$PRISMA is a governance token, so is it used to vote and change the project. The first vote is already here Prisma Finance @PrismaFi Prisma Improvement Proposal 001 has been passed snapshot.org/#/prismafinanc… Debt Cap for @LidoFinance wstETH will increase from 100m to 200m mkUSD, on Saturday, November 04, around 11pm UTC. Thanks to everyone who participated in this inaugural vote for Prisma DAO! 72 5:45 PM • Nov 3, 2023 If you voted for Prisma you will be happy soon ! Prisma Finance @PrismaFi We're excited to unveil the Prisma Retroactive Airdrop All veCRV voters who helped whitelist Prisma on @CurveFinance and Prisma Point holders are eligible for the airdrop. 215 10:00 AM • Nov 4, 2023 From the communityWe love to see this. Let's be friends and not enemies crv.mktcap.eth @CurveCap The Kid's Table: "But... why would Mich invest in $PRISMA? Wouldn't $mkUSD compete with $crvUSD?!?!?!?" The Adult's Table: 60 8:51 AM • Nov 3, 2023 A super cool video game https://twitter.com/curvellama/status/1720828625799295001?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1720828625799295001%7Ctwgr%5E65df8cbcba71f614cff65b4317ae2ab703438583%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptouf.netlify.app%2Fprisma-1 cvxPRISMA will be the better choice ? DYOR Tommy Genesis @0xTommyGenesis CvxPrisma If you were buying $prisma as a long term hold, would you buy it at 50% discount if it meant forgoing the ability to vote and waiting ~a year for it to mature? cvxAssets have proven to be strong, and lately have maintained close to 3% peg 37 7:01 PM • Nov 3, 2023

## Publication Information

- [Cryptouf](https://paragraph.com/@cryptouf/): Publication homepage
- [All Posts](https://paragraph.com/@cryptouf/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@cryptouf): Subscribe to updates
- [Twitter](https://twitter.com/cryptouf): Follow on Twitter