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Prisma Governance Token

PRISMA

Prisma Finance

LST-backed Stablecoin Protocol

prismafinance

Twitter

Categories:

Stablecoin Protocol

DeFi

Ecosystem:

Ethereum

Founded:

2023

Prisma Finance is a non-custodial and decentralized Ethereum LST-backed stablecoin protocol. Prisma allows users to mint a stablecoin (acUSD) 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 Finance Fundraising

Fundraising Event

Round	Amount	Valuation	Date	Investors
--	0	0	May 31, 2023	Adam Cochran Agnostic Fund GBV Capital Michael Egorov DeFi Dad Tetranode TM Lee Carlos Pereira Daniel Dizon Bobby Ong kinnif Tascha Punyaneramitdee Impossible Finance OKX Ventures Ryan Fang Amplice Mirza Uddin 0xMaki C2tP Ivangbi Mr. Block Mr. Block Eric Chen Mr. Block

Investor

Prisma Finance Team

Sidney Gottlieb

Co-founder & Architect

Prisma Governance Token

PRISMA

Add

Total dollar volume24H

$501

High24H

0.03593 USDT

Low24H

0.03593 USDT

Market Cap

#770$3,428,546

FDV

$10,779,000

Market Cap / FDV Ratio

0.32

Turnover rate

0.01%

Circulating supply

97,538,341

Total supply

300,000,000

Max supply

300,000,000

All time high

2.136 USDT

All time high date

Dec 19, 2023

Down from All time high

-98.32%

Cycle low

0.01699 USDT

Cycle low date

Sep 08, 2024

Up from cycle low

111.48%

Official links

Socials

Introduction

Prisma Finance is a decentralized finance (DeFi) protocol that primarily focuses on leveraging Ethereum liquid staking tokens (LSTs) to unlock their full potential. The governance token of Prisma Finance is PRISMA, which is essential for directing emissions and changing economic parameters through governance.

The team behind Prisma consists of seven core contributors with previous experience in blue-chip DeFi projects. Prisma has partnerships with entities like Frax, Curve, and Convex Finance. These partnerships facilitate the co-incentivization of the mkUSD stablecoin, enhancing its utility and reach within the DeFi ecosystem.

In conclusion, Prisma Finance represents a novel approach in the DeFi space, focusing on the utilization of Ethereum LSTs for minting a stablecoin. Its governance structure, strategic partnerships, and innovative use of LSTs make it a notable protocol in the ever-evolving world of decentralized finance.

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