@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.

🧵

medium.com/hashed-officia…
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.

This could also provide many benefits to @prism_protocol 👇
@hashed_official are uniquely positioned to:

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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More from @prism_protocol

22 Jul
So how does liquidation-free leverage work? 🤔

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.

👇
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 💸

👇
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