39 Watchlists
DeFi
PRISM Price
Contracts/Explorers:
Terra Classic
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PRISM is a revolutionary derivatives protocol that introduces new asset classes in DeFi
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. PRISM achieves this by refracting digital assets into two distinct parts: a yield component and a principal component. Just as a glass prism splits a beam of light into separate colors, PRISM enables users to split a yield-generating asset into its most basic components& a Yield Token (YT) and a Principal Token (PT). These new assets will allow users to isolate the exact risks they wish to speculate on or protect against. By creating a new marketplace to trade these Principal and Yield Tokens, PRISM empowers users with new opportunities, including the ability to:
PRISM holders who wish to participate in governance and earn protocol fees can stake their PRISM tokens and receive xPRISM in return, with a 21-day unbonding period. Users of the protocol will generate fees which will be collected, converted to PRISM tokens, and then distributed into the xPRISM pool.
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