DeFi
CLUNA Price
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Terra Classic
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Prism cLUNA is a collateral token (CT) representing users' claim on the assets in the Asset Vault of Prism Protocol
Prism cLUNA is a collateral token (CT) representing users' claim on the assets in the Asset Vault of Prism Protocol. A user with a Yield-Bearing Asset (YBA) will be able to commit that asset to the Asset Vault (AV) and in return they will receive a Collateral Token (CT) representing their claim on the assets in the AV. For example if a user commits 1 LUNA to the AV they would receive 1 cLUNA. This is similar to the process used in Anchor Protocol where LUNA can be used mint bLUNA. In PRISM v1.0 the CT is used to mint a perpetual Principal Token (PT) and a perpetual Yield Token (YT). In future versions of PRISM more maturities will become available.
A holder of a CT has several ways of redeeming the underlying YBA from the AV
PRISM is a revolutionary derivatives protocol that introduces new asset classes in DeFi, allowing users to manage the risks associated with volatile prices and unstable yields in a simple and capital efficient manner.
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