Special thanks to our friends @TokenPocketFndn@TokenPocket_TP for quickly featuring the new $Prism in their wallet UI under “Hook Eco”. It’s the hook summer they say so let’s make it one to remember🌈
With Prism V2, there are some new and improved changes. Now every single sale of Prism spends 20% of fees to buy and burn prism from the supply 🌈
100% of Protocol ETH Fees > Holders
80% of Protocol Prism Fees > Holders
20% of Protocol Prism Fees > Burnt
10% of Spectrum Basket Fees > Buy & Burn Prism
Learn more about Prism:
https://t.co/GDaeJAJMmQ
The Spectrum Effect ✨
Now you can go long all the launchpads in one single token, launched by @ValeechaRohit.
Time for a passive bid to return to crypto 🫡
So excited to see the Prism community come together around basket tokens and the Open Source Spectrum kit, now anyone can both launch basket tokens but also run this themselves, hopefully putting a new primitive out into the world that works end to end across all onchain assets!
Check it out and kudos to ZYC and the chinese community at Prism for operating all of this from the open source kits.
The first Basket Token has been launched by the community live on Robinhood 🪶
$NVDA <> Onchain baskets have never looked better.
Anyone can now benefit from the upside of multiple assets through a single token, in seconds.
The Spectrum Effect 🌈
https://t.co/RK1OBQJDiX
A Crucial New V4 Technology: Basket Tokens
Spectrum V2 is now live for all to create baskets across ETH, Base and Robinhood. From tokens to stocks and multi-support baskets.
Spectrum is a powerful open source system, with anyone able to run their own frontend and permissionless immutable onchain contracts.
Create or buy baskets today at:
https://t.co/nR9Fdid50R
Spectrum is powered by $PRISM V2, claimable for all V1 holders at: https://t.co/SDZLFb2t9X
Spectrum V2 is built to be beautiful and easy to use, that makes buying & launching baskets frictionless.
The launch system has both natural language & CA detection with zero complexity so creating a basket across ETH, Base and RH can happen in seconds.
Basket technology is almost upon us 🌈
It's time again for Basket Tokens 🌈
We're excited to announce that Spectrum V2 is coming soon on Ethereum, Base and Robinhood.
After taking some time to review the situation that happened with Prism V1, the community has decided to relaunch Spectrum powered by a new Prism token that's fully airdropped to Prism V1 snapshot holders, 1:1 for all existing token holders.
Holders of the first Prism token will receive their Prism V2 tokens airdropped to their wallets without having to do any claim actions.
More information to come shortly.
The community have stepped up massively here to make this happen. After everything that occured with Prism V1, I thought the chances of a revival were slim.
But there's about 6-10 people who have stepped up behind the scenes to make both a Prism V2 and Spectrum V2 possible.
This will be a decentralised effort by a group of people deadset on making basket tokens a reality onchain.
There's two ways to stay in touch with what's happening here:
- @spectrumindexes
- @Prism_V4hook
Everyone in the spectrum community has been super inspired by FWA and the onchain renaissance, it makes sense that Basket tokens are the next big addition alongside it.
A stunning site, easy basket creation tools and incentive alignment for all.
This week's newsletter is all about the Prism ecosystem
It's one of the most interesting things I've seen in the onchain world in a while, all utilizing the power of Uniswap v4 hooks
Read the deep dive here: https://t.co/PWJvFHphew
If you’re neck-deep in the @RobinhoodCrypto mania and your brain is screaming for an “one-click: turn this one bag into many” switch, @spectrumindexes from @prism_lp basically just handed you the cheat code.
Picture it: a single self-rebalancing meme-coin basket that keeps rubber-banding back to its target weights across stuff like $CASHCAT, $JUGGERNAUT, $HOODRAT and more.
Net effect: you’re less likely to get absolutely wrecked when one meme decides to crater into the void.
And if you’re more TradFi-brained, same playbook, just stack a clean basket of semiconductor indices instead of picking individual names.
Now you can with Spectrum V2.
Spectrum V2 rolls out the Composer and an open-source kit for truly permissionless basket tokens.
TL;DR mechanics:
- One ERC-20 represents a weighted portfolio of underlying assets and can always be redeemed at NAV.
- The token is the liquidity position via a custom Uniswap v4 hook, trading happens in its pool, and swap fees flow back to holders.
- Fees are chosen once at launch and never change, split between the creator and holders.
- No ongoing management fee bleed. You get paid to hold, instead of paying to hold.
FYI, Spectrum isn’t aiming to be “the next curated index app.”
It’s laying track for a new onchain primitive: permissionless, self-liquidating, fee-producing baskets where incentives actually align, creators earn a permanent royalty, holders collect fees, and distributors can spin up any frontend and take 5%.
Composer makes building baskets people might *want* easier.
The open kit removes the “wait for the core team” distribution choke point. @Uniswap v4 hooks + $PRISM’s liquidity design turn the token itself into the marketplace.
Today it’s small and meme-heavy. That’s usually how DeFi building blocks are born. The rails and incentive flywheel are already there, now it just has room to snowball.
NFA. DYOR.
Colby on why $PRISM is the smartest way to get exposure to Base as an ecosystem index.
"There's no rush of everyone exiting the liquidity pool because there is no liquidity pool. It's just the NAV assets."
"It's a holding belief snapshot system. You get the heavy hitters weighted appropriately. Venice has undeniable product market fit. And Bankr, basically every project on Base launches on Bankr. The heavy hitters are weighted appropriately."
"You keep chugging along investing in the Base ecosystem, and if one of them absolutely rips you get the upside. If one goes to zero it doesn't matter, because the whole index recovers from overall performance."