The LSD stablecoin protocol Prisma Finance has launched the governance token PRISMA

ChainCatcher news, the LSD stablecoin protocol Prisma Finance has launched its governance token PRISMA on the Ethereum mainnet and announced the token contract address. According to on-chain information, the total supply of PRISMA is 300 million.

According to the crypto data platform RootData, the LSD stablecoin protocol Prisma Finance is a DeFi-native protocol focused on unlocking the full potential of Ethereum liquid staking tokens (LSTs). Through Prisma, users can use liquid staking tokens as collateral to mint a fully collateralized stablecoin (acUSD). This stablecoin will be incentivized on Curve and Convex Finance, providing users with additional rewards such as trading fees, CRV, CVX, and PRISMA.