Prisma is a DeFi protocol that lets users mint mkUSD, a stablecoin backed by liquid staking tokens, incentivized on Curve and Convex.
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Prisma is a novel DeFi protocol designed to maximize the utility of Ethereum liquid staking tokens (LSTs). It allows users to create a stablecoin called mkUSD, backed entirely by LSTs. mkUSD will be incentivized on platforms like Curve and Convex Finance, creating a capital-efficient system where users earn trading fees, CRV, CVX, and PRISMA tokens in addition to their regular Ethereum staking rewards.
As of now, Prisma mkUSD is trading at 1.042048 USD, with a 24-hour trading volume of approximately 0 USD. The MKUSD to USD price is updated in real time. Over the past 24 hours, Prisma mkUSD has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 526.07K USD. Currently, there are 504 838 MKUSD in circulation out of a maximum supply of 504 838 MKUSD.
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