#PRISM #PRISM #PRISM
1./ This project is going to be a killer. Leverage long without liquidation risk? Check my previous tweet about this:
But this is just the beginning. Let's talk about the $Prism token:
1./ This project is going to be a killer. Leverage long without liquidation risk? Check my previous tweet about this:
https://twitter.com/wolf_of_defi/status/1435503498167193603?s=21
But this is just the beginning. Let's talk about the $Prism token:
2./ Like many tokens, the $Prism token will be used for governance. Also, once staked, users will receive fees earned by the protocol. But this isn't the amazing part. If you love @THORChain, you'll fall in love with $Prism instantly.
3./ At @prism_protocol you can deposit your $Luna and split this in $yLuna and $pLuna. Once you did this, you deposit those tokens in liquidity pools so people can trade them. And every liquidity pool has as base asset... $Prism. Amazing!
4./ So, what does this mean? In every liquidity pool the equivalent amount of $Prism in dollar value as the dollar value of the PoS asset needs to be deposited. This means, the more Luna grow in value, the more $Prism is needed for the liquidity pools.
5./ But that's not all. @prism_protocol is also planning to bring PoS assets like $SOL, $ATOM, $ETH and $DOT (and probably way more) to it's protocol. Again, the same amount in dollar value of $Prism tokens is needed for the liquidity pools of these assets.
6./ All together, this means that the $Prism token is programmed to moon. Like said before, it's like @THORChain but with a functionality never seen before in the DeFi space.
7./ This project is going to change DeFi, without a doubt. This will be a black hole which is going to capture a huge amount of value from other chains and bring it to #Terra. And the $Prism token will reflect all of this.
8./ Is there more you guys want to know about @prism_protocol? Let me know and I'll dive into it.
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