Prisma Finance EN

AirDrop from PrismaFinance, LSDfi

Prisma Finance is a decentralized platform on Ethereum, offering a stablecoin mkUSD backed by LST. The project extends Ethereum capabilities through LST, allowing users to earn additional rewards in the DeFi ecosystem, including Curve and Convex Finance.

The project attracted Nm$ ( undisclosed amount ), from Curve Finance founder, Convex Finance founders, FRAX Finance, OKX Ventures, Coingecko Founders, Swell Network Founder, GBV, Ankr Founders, and many others, impressive ❓

What to do?

1. Obtain one of the LST, depending on which pool is available wstETH, rETH, cbETH or sfrxETH, you may purchase it on curve.fi 💰

Or stake/lock your ETH on stake.rocketpool.net for rETH and so on for others

2. Restake our LST on app.prismafinance.com/vaults, depending on where there is free space, currently all taken, monitor the exits from pools.

3. Mint stablecoin mkUSD, pay attention to your “health ratio”

4. Deposit mkUSD on app.prismafinance.com/earn

5. There app.prismafinance.com/earn, we can also make a deposit of LP tokens

Earn points, for which we will most likely get an airdrop later, the token is expected to be released ASAP, Q4-2023-Q1-2024

🕯 Why Bullish?

1. TVL according to defillama.com is $57.71m, not that bad, especially coz limit

2. Many interesting/whale wallets can be found among depositors using dash on https://dune.com/mrblock_buidl/prisma-finance, like this guy https://debank.com/profile/0x9026a229b535ecf0162dfe48fdeb3c75f7b2a7ae

3. Who is on the market besides Prisma with CDP stablecoin and without a token?

4. Who else is on the market from the leaders in LSDfi?

Pendle = token division into YT/PT

Rocket Pool = LS solution

Prisma/Lybra = CDP stablecoin

EigenLayer = restaking

Only missing some aggregators here?

5. Look at the backers, if that's not enough for you, there are many KOLs who invested during the seed round and will surely make efforts to maintain their position, for example, mrblock with his video https://youtu.be/womJZznplTU

PS. Min deposit around 1 eth

#prismafinance