TechFlow reports that LSD stablecoin protocol Prisma has announced the initial smart contract architecture between Prisma and Yearn will go live this weekend, enabling permissionless routing of bribes and fee revenues to yPRISMA stakers. The full deployment is expected to be completed within approximately two months.
The rollout plan consists of three phases:
- Yield Distribution Phase: Launching this week, this phase will distribute protocol fees, incentives, and vote bribes from Prisma to yPRISMA holders via a simple staking contract. Yields will be distributed in the form of an auto-compounding version of Prisma’s mkUSD stablecoin, with weekly payouts flowing to active stakers.
- Final Staking Phase: Enhance yields for long-term stakers and enable yield distribution in multiple token forms.
- Governance Voting Phase: Activate weighted governance voting rights, granting yPRISMA token holders a voice in DAO decisions.
Previous report: Prisma Finance integrated with Convex and Yearn to launch transferable veTokens: cvxPRISMA and yPRISMA.
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