Prisma is a decentralized borrowing protocol that allows users to mint a stablecoin, mkUSD, that is fully collateralized by liquid staking tokens.

In addition to the collateral, the loans are secured by a Stability Pool containing mkUSD and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms under liquidations.

Prisma as a protocol is non-custodial, immutable, and censorship-resistant.