i have it on very good authority that some HUGE players are already highly interested in $prism
...soon™
will have to leave it at that for now
recommend watching the full interview with @ColbySaysHi on why
full link to YouTube video attached below this
Most people still don’t understand what makes $PRISM different.
So here’s the simple breakdown 👇
PRISM is trying to turn holding a token into owning a live liquidity position on Uniswap V4.
Not metaphorically but literally, I'll give you a small breakdown below.
🧵
Coming Soon: Spectrum V2
An entire redesign of the Index discovery & creation process 🌤️
Easy to discover indexes with social elements to make backing an index easier than ever.
Launching an index is seamless with quick asset picking that has zero complexity or pool logic.
Deployment will also showcase the best of what interactive sites have to offer as evidenced by the animation below 🧺
We can't wait for you to experience the new and improved Spectrum soon.
$Prism is innovative and pioneering, independent of Cex. $Prism is powerful in decentralization.Prism does not need to be listed on centralized exchanges.
Spectrum V2 - $Prism
An entire redesign of the Index discovery & creation process 🌤️
Easy to discover indexes with social elements to make backing an index easier than ever.
Launching an index is seamless with quick asset picking that has zero complexity or pool logic.
Deployment will also showcase the best of what interactive sites have to offer as evidenced by the animation below 🧺
We can't wait for you to experience the new and improved Spectrum soon.
$PRISM is a DeFi token built on the Uniswap V4 Hook, where each intact PRISM is minted into an NFT representing 1/5000 of a liquidity pool, allowing for proportional transaction fees. Features include automatic NFT minting/burning and integration with liquidity-supported stablecoin DStable.
Colby explains how $PRISM is different from $uPeg
"There's no unicorn minting with Prism, but there are still NFTs."
"Normally, if I want to own a liquidity position, I need to deposit my tokens into the pool to earn yield. But what if we use hooks, that's custom logic so that if you buy the token, you're also getting the liquidity position? It's depositing your token into the liquidity pool and giving you back the liquidity position as an NFT."
"It's really seamless because all of a sudden now, all you need to do is buy this token, and you're actually receiving LP fees that you can claim, constantly streamed to you, and you're actually benefiting from the upside of volatility, in people trading in and out of $PRISM"
🚢 Shipping A New Update to Prismbeat:
Now when you share the link, you'll see real-time stats embedded directly into the share image, so getting new people up to speed on the Prism eco starts before even a link is clicked.
gPrism 🌈
https://t.co/9miFmO51fr
$PRISM is a DeFi token built on the Uniswap V4 Hook, where each intact PRISM is minted into an NFT representing 1/5000 of a liquidity pool, allowing for proportional transaction fees. Features include automatic NFT minting/burning and integration with liquidity-supported stablecoin DStable.
Building index-tracking assets on top of options instead of debt
https://t.co/gFNEvCbHct
What if the use options as the base of defi, instead of CDPs and liquidations? So instead of extreme price movements creating a sharp and global "you get liquidated" effect, instead your exposure to the index diverges quadratically from your preferred exposure in a smoother way?
A key benefit is getting rid of the need for instant oracles, and instead making everything work on top of "slow oracles" (ie. the type that prediction markets use)
This design has a significant downside - the need to do regular rebalancing - and an open question of whether and how this rebalancing can be made slippage-resistant enough. But it's worth considering and trying IMO. I would feel much safer holding algostables inside something like this, than in something that depends on an oracle that has to give real-time answers (and therefore could be tricked into giving wrong real-time answers with no time for human recourse).
Beyond creating novel onchain primitives like index tokens, $prism rewrites who earns yield from tokens.
Swap fees flow to every holder, not just liquidity providers. Prism unlocks the potential of @Uniswap V4 hooks to turn holding a token into a fee-earning position 🌈
One reason I'm so grateful for the recent Claude updates is how proficient Opus 4.8 is at guiding you through the ideas you have in your head for a user experience.
It's never been easier to put into practice the vision you have up in the ol' noggin.
I can't wait for people to experience Spectrum V2, job's not done until we literally invent and spread an entire new asset class onchain.
Coming Soon: Spectrum V2
An entire redesign of the Index discovery & creation process 🌤️
Easy to discover indexes with social elements to make backing an index easier than ever.
Launching an index is seamless with quick asset picking that has zero complexity or pool logic.
Deployment will also showcase the best of what interactive sites have to offer as evidenced by the animation below 🧺
We can't wait for you to experience the new and improved Spectrum soon.
Beyond creating novel onchain primitives like index tokens, $prism rewrites who earns yield from tokens.
Swap fees flow to every holder, not just liquidity providers. Prism unlocks the potential of @Uniswap V4 hooks to turn holding a token into a fee-earning position 🌈
ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040 has been holding really well despite the broader market collapsing, in a way, and that's a testament of strength
Every product they release feeds back to the token one way to another, and the one I am most excited about is Spectrum, the crypto Indexing product
These indexes have collectively 125k in AUM for now with immense growth potential IMO
Did you know that Blocktronics is part of the first ever index created called BASEAI ?
The end game is to integrate the product in every on-chain investing/trading tool + other venues in exploration currently and for the token to be present everywhere and have its holders benefit via real yield
Still day 1
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."