Prisma Governance Token Logo

Prisma Governance Token PRISMA

Prisma Governance Token header image

1. Summary

Ranks

Liquidity
80
Developer
-
Social
11
Momentum (beta)
0
Stack Rankā„¢
-
Price
52W High price $4.61
52W High date 2nd Nov 2023 (8 months ago)
All Time High (ATH) Date 2nd Nov 2023 (8 months ago)
ATH Price $18.64
% From ATH -99.2%
All Time Low (ATL) Date 26th Apr 2024 (2 months ago)
ATL Price $0.14
% From ATL 8.42%
Supply & Trading Volume
Trading Volume (24h) $3.72M
Total Supply 300.00M
Max Supply 300.00M
Circulating Supply 35.69M
Description

Overview of Prisma Governance Token (PRISMA)

Overview of Prisma Governance Token (PRISMA)

Prisma Governance Token (PRISMA) is the governance token of the Prisma borrowing protocol, designed to issue stablecoins fully collateralized by liquid staking tokens (LSTs). The protocol is a new DeFi primitive focused on realizing the full potential of Ethereum LSTs.

Prisma Protocol

Prisma allows users to mint a stablecoin, mkUSD, that is fully collateralized by LSTs. This stablecoin is incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards.

Codebase and Infrastructure

The Prisma codebase is completely immutable and is based on the Liquity codebase. This creates a robust protocol and a truly decentralized stablecoin with favorable and flexible collateral parameters.

Governance and Token Distribution

PRISMA is distributed to users of the protocol for performing various actions and can be locked to participate in protocol governance. The Prisma DAO manages parameters, emissions, and protocol fees. The token has a maximum supply of 300 million, with allocations towards emissions, core contributors, early supporters, and the Prisma DAO treasury. The emission tokens are distributed according to a schedule that incentivizes certain actions within the Prisma Protocol.

Key Features

  1. Immutable Codebase: Prisma's codebase ensures a robust and decentralized protocol.
  2. Flexible Collateral Parameters: Users can utilize LSTs without tail risks from other stablecoins.
  3. Decentralized Stablecoin: mkUSD is a stablecoin fully collateralized by LSTs.
  4. Community Governance: Users can participate in governance by locking PRISMA to obtain vePRISMA.

Use Cases

Prisma supports a wide range of liquidity collaterals on the Ethereum network and offers flexible collateral parameters. Users can benefit from the protocol's design, which includes fixed fees and borrowing interest rates that are adjustable through governance votes.

2. Price

PRISMA

2.1. Market Performance

How does Prisma Governance Token's (PRISMA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-60.3%

PRISMA

-23.3%

Similar Market Cap

60 Day Return

-80.8%

PRISMA

-41.3%

Similar Market Cap

3. Developer Activity

We're monitoring 5 Prisma Governance Token GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Prisma Governance Token Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 119

Most Active Repos

Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
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Past 12 weeks
Past year
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Past 12 weeks
Past year
Past week
Past 12 weeks
Past year

Top Developers 2024

In total, 0 developers have contributed to Prisma Governance Token over the past year. Who are the most active Prisma Governance Token developers, by commits, over the past year?

Related Projects

Developers working on Prisma Governance Token also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users
Twitter followers 27,537
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://prismafinance.com/
Explorer https://etherscan.io/token/0xdA47862a83dac0c112BA8...
Twitter @PrismaFi

What is the correct contract address for Prisma Governance Token?

Ethereum 0xda47862a83dac0c112ba89c6abc2159b95afd71c

Has Prisma Governance Token been audited for security?

No security audits found for this project.

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