TechFlow news: LSD stablecoin protocol Prisma Finance has announced that its governance token PRISMA is now live on the Ethereum mainnet.
The contract address is:
0xdA47862a83dac0c112BA89c6abC2159b95afd71C.
PRISMA has a total supply of 300 million tokens, with the following distribution:
62% (186 million PRISMA) will be managed by the Prisma DAO to incentivize certain actions within the Prisma protocol and liquidity in pools;
20% (60 million PRISMA) allocated to core contributors, with these tokens linearly unlocked over 12 months starting from TGE;
10% (30 million PRISMA) allocated to early supporters, also linearly unlocked over 12 months from TGE;
5% (15 million PRISMA) to be held in the Prisma DAO treasury;
3% (9 million PRISMA) to be distributed to veCRV voters and Prisma Points holders.
Previously, LSD stablecoin protocol Prisma announced it would launch its governance token PRISMA on November 2.
