TechFlow news: According to a notice from Huobi HTX, HTX has opened PRISMA deposit services at 18:30 on November 2 (GMT+8). Spot trading for PRISMA/USDT was launched at 19:00 on November 2 (GMT+8). PRISMA withdrawal services will be available at 19:00 on November 3 (GMT+8).
Prisma Finance is a decentralized lending protocol that allows users to mint a stablecoin called mkUSD, which is fully collateralized by liquid staking tokens (LSTs). In addition to collateral, loans are jointly secured by a stability pool holding mkUSD and other borrowers acting as last-resort guarantors. The Prisma protocol is non-custodial, immutable, and censorship-resistant.
Prisma focuses on unlocking the full potential of Ethereum's liquid staking tokens (LSTs) for various participants in the DeFi ecosystem.
The Prisma codebase is entirely immutable and built upon Liquity, creating a robust protocol and a truly decentralized stablecoin with flexible collateral parameters. Holders of liquid staking tokens can use them as collateral to mint the stablecoin mkUSD, enabling participation in DeFi and thereby increasing the productivity of their assets.
