Prisma FinanceIntroducing PRISMA - The Prisma DAO governance token
Since its inception, we committed towards building a protocol that belongs to its community, a DAO that would serve as responsible stewards of the Prisma Protocol. We’re excited to introduce the PRISMA governance token, ensuring community ownership and decentralized decision-making to guide Prisma towards the future. Starting next week on November 2nd, the future of Prisma belongs to the DAO community.PRISMA DistributionPRISMA will have a max supply of 300 million, and will be distributed as ...
Prisma FinanceImportant Vault Updates
Prisma Finance launched at the tail end of August, 2023, enabling holders of various types of LST collateral to mint mkUSD against their tokens. The DAO launched a month later with an innovative new veToken model. This multi-collateral system was an advance on the codebase Prisma uses; later Prisma unveiled the ability to have multiple tranches for each collateral and launched PrismaLRT and the stablecoin $ULTRA for liquid restaking tokens. As a latest piece, Prisma will soon be launching a t...
Prisma FinanceRewards and Fees structure of Leading Liquid Staked ETH issuers
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...
The end game for liquid staking tokens. A non-custodial and decentralized Ethereum LST-backed stablecoin.
We’re excited to unveil the Prisma Retroactive Airdrop. As stated in our previous post introducing the PRISMA Governance Token, locked PRISMA tokens will be airdropped to Prisma Point Holders and to addresses who voted for Prisma to be whitelisted on Curve.
The purpose of the PRISMA Retroactive Airdrop is to stimulate participation in Prisma’s on-chain governance and to enable the wider community to act as responsible stewards of the protocol’s development.
veCRV holders are among the top communities in DeFi, representing sophisticated users who will be valuable members of the Prisma ecosystem. In return for voting to whitelist Prisma, they will receive 1% of the total supply, distributed proportionally to all veCRV voters who voted on the proposal (https://gov.curve.fi/t/whitelist-the-prisma-dao-curveproxy-contract/9494).
To encourage and reward early users of the Prisma Protocol we introduced the Prisma Point system. The system was designed to track users’ contributions to the Prisma Protocol. Users would earn points by opening a vault and minting mkUSD, depositing mkUSD into the stability pool, and providing liquidity on Curve. To reward these early users we have allocated 2% of the total supply to Prisma Point holders, distributed proportionally based on the percentage of total points earned by each user.
All tokens allocated towards the airdrop are locked as vePRISMA to stimulate participation in the Prisma DAO, enabling greater community ownership and decentralized decision-making. veCRV voters vePRISMA are locked for 52 weeks and Prisma Point holders vePRISMA are locked for 26 weeks.
The airdrop for veCRV voters is scheduled for November 6th, 9 a.m. UTC. The airdrop for Prisma Point holders is scheduled for November 9th, 9 a.m. UTC. In order to claim PRISMA, go to our website at www.prismafinance.com.
We’re excited to unveil the Prisma Retroactive Airdrop. As stated in our previous post introducing the PRISMA Governance Token, locked PRISMA tokens will be airdropped to Prisma Point Holders and to addresses who voted for Prisma to be whitelisted on Curve.
The purpose of the PRISMA Retroactive Airdrop is to stimulate participation in Prisma’s on-chain governance and to enable the wider community to act as responsible stewards of the protocol’s development.
veCRV holders are among the top communities in DeFi, representing sophisticated users who will be valuable members of the Prisma ecosystem. In return for voting to whitelist Prisma, they will receive 1% of the total supply, distributed proportionally to all veCRV voters who voted on the proposal (https://gov.curve.fi/t/whitelist-the-prisma-dao-curveproxy-contract/9494).
To encourage and reward early users of the Prisma Protocol we introduced the Prisma Point system. The system was designed to track users’ contributions to the Prisma Protocol. Users would earn points by opening a vault and minting mkUSD, depositing mkUSD into the stability pool, and providing liquidity on Curve. To reward these early users we have allocated 2% of the total supply to Prisma Point holders, distributed proportionally based on the percentage of total points earned by each user.
All tokens allocated towards the airdrop are locked as vePRISMA to stimulate participation in the Prisma DAO, enabling greater community ownership and decentralized decision-making. veCRV voters vePRISMA are locked for 52 weeks and Prisma Point holders vePRISMA are locked for 26 weeks.
The airdrop for veCRV voters is scheduled for November 6th, 9 a.m. UTC. The airdrop for Prisma Point holders is scheduled for November 9th, 9 a.m. UTC. In order to claim PRISMA, go to our website at www.prismafinance.com.
Prisma FinanceIntroducing PRISMA - The Prisma DAO governance token
Since its inception, we committed towards building a protocol that belongs to its community, a DAO that would serve as responsible stewards of the Prisma Protocol. We’re excited to introduce the PRISMA governance token, ensuring community ownership and decentralized decision-making to guide Prisma towards the future. Starting next week on November 2nd, the future of Prisma belongs to the DAO community.PRISMA DistributionPRISMA will have a max supply of 300 million, and will be distributed as ...
Prisma FinanceImportant Vault Updates
Prisma Finance launched at the tail end of August, 2023, enabling holders of various types of LST collateral to mint mkUSD against their tokens. The DAO launched a month later with an innovative new veToken model. This multi-collateral system was an advance on the codebase Prisma uses; later Prisma unveiled the ability to have multiple tranches for each collateral and launched PrismaLRT and the stablecoin $ULTRA for liquid restaking tokens. As a latest piece, Prisma will soon be launching a t...
Prisma FinanceRewards and Fees structure of Leading Liquid Staked ETH issuers
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...
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The end game for liquid staking tokens. A non-custodial and decentralized Ethereum LST-backed stablecoin.
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