OTdegen

live and let live! @plebVCC

[Zeneca🔮 @Zeneca]

Prism creates so many cool possibilities, it really is one of the coolest innovations in DeFi I’ve seen in a long time

All possible thanks to Uniswap v4 hooks, which is the real incredible innovation and is unlocking so many interesting things

Make crypto great again

[OTdegen @XnftT93]

Love seeing fomo and people buying at higher price than they sold for ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040

[OTdegen @XnftT93]

@OGDfarmer @0xNellia gPrism

[Colby @ColbySaysHi]

cooking.exe 🧑‍🍳

We're going to redefine not only what a good onchain application feels like, but user experiences on the web.

[OTdegen @XnftT93]

@abu_crypto1 Buy ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040

[OTdegen @XnftT93]

@saracrypto_eth ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040

[OTdegen @XnftT93]

@0xsolazy gPrism

[OTdegen @XnftT93]

ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040 with flip $ETH

[DFarmer @OGDfarmer]

Sometimes you stumble upon a gem, something special that reminds you why you still spend countless hours onchain, diving through endless vapour and bundles. Reminds you why you came here in the first place: the boundless innovation, and a better way forward. 

@prism_lp has been this for me the second I really understood what was going on.

The tokenomics and mechanics are so novel and ingineous I’ll post some materials at the end from the source. Meanwhile, I’ll give you the smoothbrained ape version: there are 5000 Prism NFT’s. Whenever you trade the erc-20 token to fractionals and “brake” one, it’s burned forever. So, deflationary supply. We are at about 4k already, two weeks in. 

These Prism NFT’s basically represent ownership of the protocol, not in a memetic way, but in a direct value accrual thank god way, where they take a hefty 60% of fees. 

They do so directly: this means that there's no staking, LP wrapper, router approval, no bullshit. You simply hold the PRISM in your wallet. Thank you Uniswap V4 hooks. This is increasingly important both because AI becomes ever better at surfacing attack vulnerabilities in staking contract but also cause: adoption! It’s clear that utter complexities to take full advantage of crypto’s possibilities is not something that nocoiners want to do. More on this as we go, as Prism adresses this 3 ways.

So, what are we accruing value from? Indexes! Yes, exactly the thing that almost every non professional uses to get exposure to stocks, and narratives in general. One of the biggest markets in the planet, that charges you a hefty yearly fee for the privilege. So, via Spectrum, the launchpad built on Prism, to whom all value accrues, you can “one click create” what are basically on chain ETF’s everyone will have access to. First one live is a good example: a basket of Base AI projects with VVV as the main position at 50% or so and then a sliding scale of 20% to 1% of a dozen baby clankers. That’s some good low effort exposure to a strong and growing narrative most nocoiners wouldn’t have any idea how to get access to, nor time for.

But the fact that onchain we have already exposure to erc-20 of Stocks, and highly efficient and regulated commodities like Paxgold, and new primitives like baskets of tcg cards means we can create something like 20% gold 20% btc 20% vvv 10% fucking pokemon cards 30% the fucking S and P 500 if our boomer inclinations so desire 😂

Possibilities are endless. And again, this is non memetic, and here’s the incentive for big names to do so. Whoever launches the ETF is entitled to 30% of all fees ever produced. But unlile other ETF’s where you have to PAY a yearly management fee here you are PAID to hold that ETF with 10% of all fees created. And 60%, reminder, goes back to PRISM holders.

I assume the 0 to 1 moment will be when @VitalikButerin his DeFi ETF or @punk6529 his art/TDH on chain ETF or @blknoiz06 will make his Solana ETF.

People with reach and credibility in their own domain.

I don’t put Vitalik there randomly, because he just wrote a longass post describing the next phase of DeFi, very same week this this launched basically, and all I could think reading it was: $prism !

The one thing I don’t particularly like about this model is that the ETF’s are fixed in allo. Wich, most etf’s are, but nature of crypto needs more flexibility imho. The reason for that choice is sound: not allowing people to just rug or buy random shit with it. Makes sense. I was happy though to know it was more of a “stylistic choice” and less of a constraint. Down the line flexible ones where “social trust” does it’s thing will be good: again, Vitalik there as an example, or 6529 and it’s TDH crew make A LOT of sense in this context. So much can be done in that sense my brain was tingling with crazy possibilities of TDH crossovers in this system. 

But I digress 👇

[@aaronjmars @aaronjmars]

who's down to curate & build an $aeon ecosystem index on @prism_lp ? ⭐

[FAIZAN (∎, ∆) @faizantariq26]

Most people still think $PRISM is a token.

I think they’re missing the bigger picture.

PRISM isn’t trying to build another DeFi protocol.

It’s trying to build crypto’s ETF layer.

For years crypto has had narratives but no way to buy the narrative itself.

Bullish AI?
You buy 10 different tokens.

Bullish Base?
You buy 15 different tokens.

Bullish ZK?
You spend hours researching winners and losers.

Capital fragments.
Projects compete.
Liquidity rotates.

Spectrum changes that.

One click.
One index.
Exposure to an entire sector.

That’s exactly what happened in traditional markets.

Most investors don’t buy hundreds of individual stocks.

They buy indexes.

The moment crypto gets its index-fund era, capital can finally flow into narratives instead of endlessly rotating between individual coins.

And here’s where it gets interesting.

Every index launched on Spectrum creates activity for the ecosystem.

Every trade generates fees.

A portion goes to holders.

A portion goes to creators.

A portion buys and burns PRISM.

The more indexes that launch, the more volume flows through the system.

The more volume flows through the system, the stronger the flywheel becomes.

Today there’s one index.

Tomorrow there could be:

• Base AI Index
• ZK Index
• DePIN Index
• Gaming Index
• Consumer Crypto Index
• Stablecoin Index
• Solana AI Index

And eventually hundreds more.

The real bet isn’t whether one index succeeds.

The real bet is whether crypto adopts index tokens as a new primitive.

If that happens, PRISM isn’t competing with other small-cap tokens.

It’s competing to become the infrastructure layer underneath how entire narratives are bought and sold.

$100k+ TVL on day one is a start.

Prismbeat is coming.

More indexes are coming.

The flywheel is starting.

The market is still valuing PRISM like a token.

The upside comes if the market starts valuing it like a network.

[Colby @ColbySaysHi]

'By allowing retail access to genuinely valuable and innovative projects at the ground floor, we can help improve the broader image of crypto as an engine of innovation rather than a predatory playground for bad actors.'

prism intern cooking up straight lyrics

[OTdegen @XnftT93]

@KhanhHedge 10m is nothing for ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040

[Colby @ColbySaysHi]

PSA: A lot of people have been messaging about the charting and pricing of Index Tokens.

Index tokens are unique in that they don't have LP pools, when you buy one, it's buying all the underlying assets in the Index behind the scenes.

That means the index token goes up in value as the underlying assets go up in value by their weight of the entire index.

That also means @dexscreener and @definedfi charts are broken because A) there's no LP and B) they have not yet built the systems to track the index price by the NAV assets.

For the index token price it's best to go onto the site:
https://t.co/1kO3htRdz4

If anyone does have contacts with Dexscreener, Defined, CGTerminal or any of their fave charting tools please let us know, it's important as an industry for us to support index tokens 🫡

[Solazy @0xsolazy]

We're seeing so much excitement around Index Tokens already, which is why we want to make sure that newly created indexes are deployed properly, the best way to get started is to walkthrough the quick FAQ below which gives you all the information on properly setting up your pools within the index:

[Solazy @0xsolazy]

Index Tokens are finally arriving seamlessly onchain, tomorrow we're excited to finally release Spectrum, curious how it works ? Read more :

[0xNelly 🌈 @0xNellia]

Get as much $prism as you can. Can't tell you why, just accumulate

[Erik Stevens 🐆 @HopiumPapi]

There is so much money to be made here if you are not greedy as fuck and delusional

[OTdegen @XnftT93]

@The_Pitch_Man $prism