Prisma Governance Token PRISMA Price

What is Prisma Governance Token (PRISMA)?

Prisma Finance, a cutting-edge decentralized borrowing protocol, introduces a novel approach to stablecoin minting through the innovative use of liquid staking tokens (LST). At the core of Prisma's functionality is the ability for users to collateralize their favorite LST, minting the stablecoin mkUSD in a non-custodial and censorship-resistant environment. This stablecoin, fully backed by liquid staking tokens, becomes the linchpin of a capital-efficient borrowing experience with a remarkably low collateral ratio of just 120%. Prisma not only offers the flexibility to deposit multiple collaterals but also ensures that mkUSD is directly redeemable at any time for its underlying collateral, providing users with unprecedented control over their assets.

The protocol's robust security measures include a Stability Pool containing mkUSD and fellow borrowers acting as guarantors of last resort, bolstering the decentralized and immutable nature of Prisma Finance. As Ethereum transitions to a proof-of-stake network, Prisma leverages liquid representations of staked Ether as collateral, allowing users to witness their collateral grow continually. Beyond its borrowing functionalities, Prisma incentivizes users through PRISMA rewards for minting mkUSD, maintaining active loans, and participating in the Stability Pool. This not only fosters community engagement but also attracts LST issuers, as vePRISMA holders gain the ability to influence protocol actions, such as redirecting emissions or incentivizing specific activities within the Prisma ecosystem. In essence, Prisma Finance stands at the forefront of decentralized finance, offering a seamless and efficient platform for users and LST issuers alike to engage in capital deployment and yield generation.

What is unique about Prisma Governance Token (PRISMA)?

Prisma Governance Token (PRISMA) distinguishes itself by incentivizing protocol actions, such as mkUSD minting, and empowering vePRISMA holders to influence governance decisions.

Who are the backers/investors of Prisma Governance Token (PRISMA)?

The investors and backers of Prisma Governance Token (PRISMA) include Michael Egorov, C2tP, FRAX Finance, Conic Finance, Tetranode, Llama Airforce, OKX Ventures, MrBlock, DeFiDad, Impossible Finance among others.

Where can I buy Prisma Governance Token (PRISMA)?

You can buy Prisma Governance Token (PRISMA) on Uniswap V2 (Ethereum), Balancer V2, Curve (Ethereum) cryptocurrency exchanges.