ULTRA ULTRA
1. Summary
- Description
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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.
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 |
ULTRA
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
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Similar Market Cap
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
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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.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
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Discord users | |
Active Discord Users | |
Telegram Users | 388 |
Twitter followers | 26,851 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://prismafinance.com/ |
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Explorer | https://etherscan.io/token/0x35282d87011f87508D457... |
@PrismaFi |
What is the correct contract address for ULTRA?
Ethereum | 0x35282d87011f87508d457f08252bc5bfa52e10a0 |
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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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