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Up until now we have only been seeing moderate gains for #PRISM and its liquid staking token #xPRISM.
A quick 🧵 on why #PRISM will be the next #terraluna #altcoin to break out soon and fly towards the🌕! #Moonshot #LUNAtics
A quick 🧵 on why #PRISM will be the next #terraluna #altcoin to break out soon and fly towards the🌕! #Moonshot #LUNAtics
1/ @prism_protocol's innovative approach of allowing users to split ("refract") their #LUNA tokens into #pLUNA and #yLUNA lies at the core of the protocol.
For this service, a portion of yield derived through the protocol goes towards #PRISM stakers, i.e. #xPRISM #hodlers.
For this service, a portion of yield derived through the protocol goes towards #PRISM stakers, i.e. #xPRISM #hodlers.
2/ While all of the juicy details can be found @ prismprotocol.notion.site, the gist of it is as follows:
By holding #PRISM and staking it for the auto-compunding #xPRISM token, you effectively become a shareholder of @prism_protocol's income stream.
By holding #PRISM and staking it for the auto-compunding #xPRISM token, you effectively become a shareholder of @prism_protocol's income stream.
#yLUNA will fail without a strong case for #pLUNA.
A 🧵 on the symbiotic relationship between these tokens.
A 🧵 on the symbiotic relationship between these tokens.
1/ While as #pLUNADAO we are focusing on creating value and use cases for #pLUNA, we believe these tokens to have a "symbiotic" relationship. Neither can thrive, without the other succeeding as well.
2/ Why do we believe this to be case?
#yLUNA and #pLUNA are synthetic components of #LUNA. By splitting ("refracting") LUNA on @prism_protocol a plethora of potential use cases open up for #LUNA and all of its #ecosystem. This is the inherent magic of the @prism_protocol.
#yLUNA and #pLUNA are synthetic components of #LUNA. By splitting ("refracting") LUNA on @prism_protocol a plethora of potential use cases open up for #LUNA and all of its #ecosystem. This is the inherent magic of the @prism_protocol.
