The Merge was one of the most anticipated events last year. The main purpose of The Merge is to transition Ethereum from its proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). In the PoS model, the network is secured by validators who have to stake ETH in order to validate the network. The transition to PoS was done gradually with Ethereum first launching the Beacon Chain in December 2020. The Beacon Chain ran in parallel with the Ethereum mainnet and both chains were unified du...

The Merge was one of the most anticipated events last year. The main purpose of The Merge is to transition Ethereum from its proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). In the PoS model, the network is secured by validators who have to stake ETH in order to validate the network. The transition to PoS was done gradually with Ethereum first launching the Beacon Chain in December 2020. The Beacon Chain ran in parallel with the Ethereum mainnet and both chains were unified du...

We are excited to announce the successful deployment of Prisma Finance on the Ethereum mainnet! Starting Friday at 9am UTC, users can access the protocol at prismafinance.com and realize the full potential of their liquid staking tokens (LSTs). To ensure a smooth and secure experience for all users, Prisma Finance is undergoing a guarded launch. We have set debt caps on each collateral, and will progressively increase them over time. Interest rates are set to 0% to encourage early participati...

We are excited to announce the successful deployment of Prisma Finance on the Ethereum mainnet! Starting Friday at 9am UTC, users can access the protocol at prismafinance.com and realize the full potential of their liquid staking tokens (LSTs). To ensure a smooth and secure experience for all users, Prisma Finance is undergoing a guarded launch. We have set debt caps on each collateral, and will progressively increase them over time. Interest rates are set to 0% to encourage early participati...

OverviewPrisma is a new DeFi primitive focused on unlocking the full potential of Ethereum liquid staking tokens (LSTs). Prisma allows users to mint a stablecoin (mkUSD) fully collateralized by liquid staking tokens. The stablecoin will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards. Prisma’s codebase is completely immutable, based on Liquity, in order to cre...

OverviewPrisma is a new DeFi primitive focused on unlocking the full potential of Ethereum liquid staking tokens (LSTs). Prisma allows users to mint a stablecoin (mkUSD) fully collateralized by liquid staking tokens. The stablecoin will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards. Prisma’s codebase is completely immutable, based on Liquity, in order to cre...

It’s LSTfi season, dozens of protocols are competing for what has now become the largest DeFi category topping almost $18b in cumulative TVL according to DeFiLlama. LSTs are here to stay, there’s no doubt about it.While conceptualizing Prisma Finance we designed several mechanisms that we believe would help unlock the full potential of Ethereum liquid staking tokens Raising from amazing backers like Curve and Convex involved answering questions about how Prisma would set itself apart. Many ne...

It’s LSTfi season, dozens of protocols are competing for what has now become the largest DeFi category topping almost $18b in cumulative TVL according to DeFiLlama. LSTs are here to stay, there’s no doubt about it.While conceptualizing Prisma Finance we designed several mechanisms that we believe would help unlock the full potential of Ethereum liquid staking tokens Raising from amazing backers like Curve and Convex involved answering questions about how Prisma would set itself apart. Many ne...

Liquid staking has emerged as a popular solution for Ethereum holders, offering the opportunity to stake their ETH while maintaining liquidity. We’ll explore several prominent liquid staked ETH issuers and provide insights into their respective fee structures. Different platforms will be covered, each contributing to the growth of liquid staking in the Ethereum ecosystem.Lido: Lido allows users to stake their ETH and receive stETH tokens in return. These stETH tokens represent users staked ET...

Liquid staking has emerged as a popular solution for Ethereum holders, offering the opportunity to stake their ETH while maintaining liquidity. We’ll explore several prominent liquid staked ETH issuers and provide insights into their respective fee structures. Different platforms will be covered, each contributing to the growth of liquid staking in the Ethereum ecosystem.Lido: Lido allows users to stake their ETH and receive stETH tokens in return. These stETH tokens represent users staked ET...

Our previous overview on the Ethereum staking rewards briefly covered the Execution Layer rewards, consisting of transaction priority tips and MEV (Maximum Extractable Value). LSTs & MEV significantly increase the probability of validators being selected to propose fresh blocks and duly receive rewards. LSTs facilitate the broader distribution of MEV rewards, thus effectively reducing the concentration of network rewards among a limited number of prominent validators. To better understand the...

Our previous overview on the Ethereum staking rewards briefly covered the Execution Layer rewards, consisting of transaction priority tips and MEV (Maximum Extractable Value). LSTs & MEV significantly increase the probability of validators being selected to propose fresh blocks and duly receive rewards. LSTs facilitate the broader distribution of MEV rewards, thus effectively reducing the concentration of network rewards among a limited number of prominent validators. To better understand the...

Liquid staking is experiencing exponential growth as the liquid staking token narrative is in full flow. As we approach the launch of Prisma Finance, we give a brief overview on what sparked this growth, capturing attention and fostering innovation within the sector. In this context we will highlight some of the Ethereum-based liquid staking providers and the exciting new primitives that are emerging.Market landscapeSource: dune.com/queries/1933076/3188545Following the successful implementati...

Liquid staking is experiencing exponential growth as the liquid staking token narrative is in full flow. As we approach the launch of Prisma Finance, we give a brief overview on what sparked this growth, capturing attention and fostering innovation within the sector. In this context we will highlight some of the Ethereum-based liquid staking providers and the exciting new primitives that are emerging.Market landscapeSource: dune.com/queries/1933076/3188545Following the successful implementati...