@hashed_official is one of the largest and most supportive backers of $LUNA. As a significant $LUNA holder, HASHED's participation in @prism_protocol could be extremely impactful for both $PRISM and $LUNA.
Using @prism_protocol to refract $LUNA into $yLUNA and $pLUNA will allow HASHED to earn more yield on their $LUNA whilst having greater composability, capital efficiency and liquidity for one of their largest holdings.
1⃣Contribute significant TVL to PRISM
2⃣Provide deep liquidity
3⃣Provide Blockchain and TradFi expertise
4⃣Develop UX enhancements
5⃣Synergise with HASHED's portfolio
6⃣Explore how DeFi can mesh with NFTs via @Unopnd_Official
You will have the same opportunity to use your $LUNA in $PRISM...
Refract your $LUNA into $pLUNA and $yLUNA and you can choose the strategy that is best for you.
You can also deposit your $yLUNA into @pylon_protocol Pools and swap your $LUNA yield for $PRISM tokens.
@hashed_official have consistently shown they support protocols for the long term through any kind of market and @prism_protocol looks forward to the opportunity of working with HASHED, @baekkyoumkim
and @cptn3m0x
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PRISM will start by distilling $LUNA into two discrete assets: principal token (PT) and yield token (YT). PT will trade at a discount to $LUNA as long as YT has a positive value (and it will) with staking returns and airdrops.
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So imagine being able to buy $pLUNA at a 25-30% discount to $LUNA by forgoing future staking yield. A strategy apt for degens and chads/chadesses who want to maximize their principal exposure to the moon 🌖
By deconstructing assets into their attendant principal and yield components, PRISM creates new liquid markets to form around these elements 🧑🔬
Soon, you'll be able to simply pledge your $LUNA and receive one lump-sum $UST payment to monetize its future staking yields 💸