Currently, the FDV of $PRISMA is < $9M.
A new restaking platform that is largely owned by Convex & Yearn participants is worth more than $10M immediately.
It just depends how Moebius tokens will be distributed, which will be voted on by the DAO.
New LRTs incoming🌈🟪
With the vote of [PIP-025 & 026] 2 new LRTs will be available as collateral to mint $ULTRA:
- @RenzoProtocol ezETH
- @KelpDAO rsETH
Be prepared, deposit and minting with these assets will go live around 1 AM UTC...⌛️
👉https://t.co/TQZSgWBYqu
@PrismaFrank @PrismaFi At present, the number of WeETH mortgages is not large, and many of them are flowing to pendle. etherfi has 1 billion TVL. Now there are too few mortgages in prisma. Is there a high incentive plan in the future?
1/ Introducing $ULTRA, sound money backed by LRTs🌈
A new borrowing protocol developed by @PrismaFi, PrismaLRT offers unparalleled efficiency for Liquid Restaking Tokens (LRTs).
Let's see how 👇
https://t.co/8b2nhKKFZt
6/ We have been in talks with @MorphoLabs to create a lending market aggregator for Prisma that pairs long-tail ETH LSDs against mkUSD, based entirely on RedStone price feeds.
Example pairings below:
6/ We have been in talks with @MorphoLabs to create a lending market aggregator for Prisma that pairs long-tail ETH LSDs against mkUSD, based entirely on RedStone price feeds.
Example pairings below: