ULTRA Logo

ULTRA ULTRA

ULTRA header image

1. Summary

Ranks

Liquidity
-
Developer
-
Social
70
Momentum (beta)
0
Stack Rank™
-
Price
$1.07 0.0%
Market Cap
$0.00 (#8528)
Supply
0.00 /
Price
52W High price $1.04
52W High date 23rd Apr 2024 (7 months ago)
All Time High (ATH) Date 31st Mar 2024 (7 months ago)
ATH Price $1.20
% From ATH -14.08%
All Time Low (ATL) Date 28th Mar 2024 (7 months ago)
ATL Price $0.83
% From ATL 24.25%
Supply & Trading Volume
Trading Volume (24h) $352.00
Description

Introduction to $ULTRA

Introduction to $ULTRA

$ULTRA is a new stablecoin issued by PrismaLRT, a borrowing protocol developed by Prisma, designed to unlock liquidity for Liquid Restaking Tokens (LRTs). It is part of Prisma Finance, a decentralized borrowing protocol that allows users to mint a stablecoin collateralized by liquid staking tokens.

What is PrismaLRT?

PrismaLRT is a purpose-built protocol tailored to realize the full potential of LRTs. It is integrated within the Prisma UI, allowing users to borrow using their LRTs or Liquid Staking Tokens (LSTs) seamlessly. By minting $ULTRA using their LRT, depositors can retain the rewards, points, and upside of owning an LRT while unlocking capital as $ULTRA, a stablecoin that can help them capture additional opportunities and yield on Prisma or throughout DeFi.

How Does $ULTRA Work?

PrismaLRT is available in the same dApp as Prisma. Users can choose which collateral view they want to access. As a decentralized stablecoin on the Ethereum Mainnet, $ULTRA is minted by users (borrowers) who must supply collateral (at a specific collateral ratio). When a user repays a debt position (or is liquidated), PrismaLRT protocol burns that user’s $ULTRA. All fees and interest accrued by minters of $ULTRA are directly transferred to the Prisma FeeReceiver.

Price Oracle

PrismaLRT uses RedStone Oracles to provide price feeds for weETH, its first collateral added. Collaborations with RedStone are expected to expand for future collateral integrations.

2. Price

ULTRA

2.1. Market Performance

How does ULTRA's (ULTRA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

1.1%

ULTRA

26.2%

Similar Market Cap

60 Day Return

4.7%

ULTRA

-

Similar Market Cap

3. Developer Activity

We're monitoring 6 ULTRA 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 ULTRA 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 111

Most Active Repos

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

Top Developers 2024

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

Related Projects

Developers working on ULTRA 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 388
Twitter followers 26,851
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/0x35282d87011f87508D457...
Twitter @PrismaFi

What is the correct contract address for ULTRA?

Ethereum 0x35282d87011f87508d457f08252bc5bfa52e10a0

Has ULTRA been audited for security?

No security audits found for this project.

Are you the owner of ULTRA? Edit it here

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