1./ You're bullish for @prism_protocol? You should be. If you're wondering what they will bring to #DeFi you should check my previous threads about them. For now, I assume we all know.
2./ The real alpha for @prism_protocol is that they're not only focussing on splitting just $LUNA but all PoS assets. Think about $ATOM, $SOL, $ETH and $DOT. This combined with the fact that $PRISM is the base token in the liquidity pools is mind blowing. Why? I'll explain.
3./ Once a PoS asset is deposited in @prism_protocol the token deposited is the collateral and is used to mint a yield bearing asset and a principal asset. The collateral token doesn't disappear but is staked by the protocol.
4./ Let's take $LUNA as example. Once I deposit 1 $LUNA I mint 1 $yLUNA and 1 $pLUNA. The $LUNA I deposited initially is staked. If I choose to stake my $yLUNA I'll receive the staking rewards but if I choose to do something else with my $yLUNA I won't.
5./ Let's decide to stake this $yLUNA because I still want to receive my airdrops. I now have 1 $pLUNA left doing nothing. I could use it as collateral or place it in a liquidity pool but whatever I do, it's definitely more capital efficient than just staking $LUNA.
6./ This capital efficiency is not only increased for $LUNA, but for all PoS assets. Basically, it just doesn't make sense anymore to not deposit your asset in @prism_protocol if you were planning to stake it in the first place.
7./ So what if a large part of the PoS assets that are now being staked are moved to @prism_protocol, what will happen? People need to make a decision what to do with their principal assets and we all now placing it in a liquidity pool is preferred by many.
8./ Because $PRISM is going to be the base token of all liquidity pools there should always be an equivalent amount of $PRISM in dollar value in the pools as all other principal assets combined.
9./ Imagine a percentage of all staked $LUNA, $SOL, $ETH, $ATOM and $DOT summed up. I don't have the numbers, the only thing I now that is a lot. 3 of the projects mentioned are in the top-10 ranked on market cap. The other 2 should be in the top-10.
10./ @prism_protocol is going to be mind blowing. It's a fact, no doubt about it.
The words to describe how bullish I am are yet to be founded. If you're not, you're not gonna make it. It's easy as that.
The words to describe how bullish I am are yet to be founded. If you're not, you're not gonna make it. It's easy as that.
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