hey fam, good morning.
futures and options for RWAs are going live this week.
today we will neatly brainstorm, ideate and curate the phase-2 roadmap for prism and will let you guys know
(phase-2 will start with a $50k trading competition).
today we will work on:
- finetuning V5 for launch
- improving emissions and polishing permissioned dex, synthetics and other pools.
- adding more cool assets and aggregating more liquidity.
- rwa perps
- improving terminal and Corgi.
and many more, i just listed a few.
there's a lot more advancements and simplifications coming to the protocol with V5 so both experts and beginners can use the site seamlessly.
having beginner and advanced panels right after logging in is much better.
also, we are actively working on onboarding more issuers for the permissioned dex too.
lets build for 16 hours straight today, together.
https://t.co/NFBxkxUdRX
The First Ever Programmable RWAs Are Live on Prism.
Now you can set stop losses, take profits, limit orders and standing buy and sell orders on 1,200+ tokenized stocks, gold, precious metals and commodities.
the first ever programmable RWAs are now live on prism.
you can now set SL, TP, buy/sell orders and other limit orders on all the live and tradable assets on prism.
here's how exactly it works:
> a user deposits funds into the self-custody vault contracts
> he sets the limit orders and triggers
> the order will be processed and the funds will be transferred into the same vault
> user can export the vault into an external wallet or withdraw funds to his primary wallet, as the vault will only be accessible to the user (completely non custodial on prisms side)
as the biggest feature and user necessity that was missing in the RWA ecosystem was easily accessible trading tools and programmable assets, we built it to make sure the trading and investing flow goes very smoothly and without any hassle for the user.
this is still new so if you come across any issues or bugs pls lemme know.
letsgoooo
https://t.co/cXTzD8GYRz
hey fam, good morning.
tokenized oil is now live and tradable on prism.
you will now be able to invest in a fraction of oil without any investing minimums and you can start investing from $1.
today we will work on:
> finetuning prism V5 for launch with improved UI/UX both for web and mobile
> working on polishing prism dex and new pool models
> adding more cool assets and asset classes.
> finetune programmable assets for launch
> work on finalising the trading competition
> work on polishing installable web apps
and many more, i just listed a few.
mondays back and there's a lot of stuff that needs to be worked on this week.
lets build for 16 hours straight today, together.
letsgoooo
https://t.co/r2L3U6U8hZ
hey fam, now that tokenized equities are going viral, i wanted people to know some analytics.
everytime we mention fragmented liquidity and how prism dex pools solve this issue, people dont really understand what exactly i mean by that.
so i spent the last few hours analyzing real liquidity conditions in the market.
so there are more than 1250 tokenized stocks available to trade onchain.
but you know whats crazy?
the only stocks that have tradable liquidity are: $SPY, $GLD, $CRCL, $NVDA, $SPCX, $COIN, $AAPL, $GOOGL, $TSLA
these are the only tokens that can take a $50K+ fill.
and $MZN, $HOOD, $MSTR, $QQQ, $MSFT and a few more have some amount of liquidity which can take upto a $50k fill.
thats it, only 25 out of 1250 tokenized equities are actually tradable lol and the remaining 1225 tokenized equities are almost illiquid and act as onchain penny stocks lol.
so when the term "tokenized stocks, tokenized equities" is going viral, everyone's talking about only these 25 particular stocks.
thats how serious the liquidity issue we are facing is.
and billions of dollars in daily volume big RWA institutions and protocols mention come from these only.
86% of the total trading volume of RWAs comes from a very handful of assets.
RWA is going viral currently but with this fragmented liquidity it will mostly become a bubble rather than a serious financial infrastructure of the future.
also considering the technological infrastructure DeFi has rn, RWA does not even have 10% of that.
so when you guys ask me why does someone need to build a RWA superapp, this is the exact reason.
lets say we focus on one section of the ecosystem and wait for twenty other teams to show up within the next decade to build the remaining sections and somehow hope we all can connect together and build RWAs as a real financial system?
highly unlikely imo.
thats why having one protocol building everything is better in such sectors to have long term sustainability.
and theres nothing called focusing on one single thing here because everything is interlinked, one thing fails and the whole system fails lol
so everything should be intact irrespective of anything.
we are positioning prism exactly to solve this and now we are still a small infrastructure so people think this might not really happen.
but overtime, everything picks up, institutions and HNWs start to show up, liquidity injections will come, people start to tokenize cool stuff
but who will provide the infrastructure and connect all of them? it will be us
why? because theres not one single entity doing this yet except us and before someone tries to compete with us we will be ten steps ahead with the real experience and futuristic infra.
these are just my thoughts that i wanted to share for a long time and wanted to give a fact check to people about the liquidity issues on tokenized stocks hype.
lemme know what you think fam.
whatever, we keep shipping.
lets build for 16 hours straight, tomorrow.
goodnight!
hey fam,
when we were working on different pool models for the dex we found out that the biggest structural gap in the world of RWAs is that a lot of assets are fragmented across incompatible wrappers without any proper unification layer.
for example the tokenized stock $NVDA is issued by so many different entities and liquidity is fragmented across all of them.
tokenized gold is issued by more than ten issuers with fragmented liquidity.
it's not the issuer's fault to issue tokens because each issuer can only tokenize the gold he has.
issuer A tokenizes 1kg gold for example, issuer B also tokenizes 1kg gold but now there's two different tokens for gold A and B, both with minimum liquidity.
so what we're planning to do with prism is build a unification layer for all assets and issue a unified asset.
where you can deposit any gold wrappers to mint a single ugold token.
it's not just for gold, i'm giving an example here.
so it will be backed 1:1 by the real world asset which is backed 1:1 by the underlying asset.
this unification layer will avoid confusion between hundreds of different wrappers for the same asset and will have one single unified asset.
i saw a post by @ZeusRWA a few days back where he was confused between multiple tokenized assets for the same asset while trading them on metamask.
since then we were figuring out how to solve this simple yet most annoying issue.
imagine if our dex has 10 different gold pools, where would an investor add LP?
but if we have one universal asset where if the user adds LP, the liquidity will be distributed to all the LPs proportionately which increases both liquidity for all the assets while the user is not worried about which one to choose.
https://t.co/z8ApO8lZ0t