TechFlow News, Prisma Finance announced a collaboration with Convex and Yearn to integrate vePRISMA, aiming to optimize and expand opportunities for Prisma users.
These liquidity-locking platforms play a critical role within the Prisma ecosystem by providing PRISMA holders with immediate liquidity and optimized yields. They lock governance tokens such as PRISMA weekly, enhancing depositors' returns through Prisma's boosting mechanism.
Prisma users who lock PRISMA can receive boosted rewards at rates up to 2x that of unboosted rewards. Liquidity locking platforms permanently lock PRISMA and issue 1:1 transferable PRISMA derivatives. Additionally, Prisma vault users and LPs can opt to use Convex and Yearn’s lock-based voting power to enjoy enhanced rewards.
