TechFlow news: LSD stablecoin protocol Prisma Finance announced it has successfully purchased and locked 2 million CRV to enhance liquidity for mkUSD.
In addition, algorithmic stablecoin protocol Frax Finance is one of the projects integrating with Prisma. The collaboration between Frax and Prisma will introduce a new mkUSD/FRAXBP pool on Curve, laying the foundation for both parties' stability strategies. More details about the upcoming pool voting proposal will be released in the coming days.
Notably, mkUSD's unique design ensures resilience and capital efficiency, enabling users to leverage their positions across various DeFi protocols integrated with Prisma.
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