1./ You want those $PRISM tokens? Me too. But how? For me it's one of the most awaited projects so I'm very excited about trying to buy early.
A few days ago @prism_protocol announced its launch. You want to know how to participate as early as possible? Read further 👇
A few days ago @prism_protocol announced its launch. You want to know how to participate as early as possible? Read further 👇
2./ As I explained earlier the tokenomics of $PRISM are amazing. I expect them to attract a huge amount of value since $PRISM is gonna be the base token in the liquidity pools on the $PRISM-dex. Yes, it's a bit like $RUNE.
More info about the tokenomics:
More info about the tokenomics:
https://twitter.com/wolf_of_defi/status/1437336037940998149?s=20
3./ So the tokenomics are great. We want to have these tokens. Okay, but how? Let's start talking about the launch.
To be honest, I think this is going to be one of the fairest launches we're ever going to witness.
To be honest, I think this is going to be one of the fairest launches we're ever going to witness.
4./ The launch consists of 4 phases. Seems more complicated than it is. I'll talk you through it step by step.
5./ PHASE 1: $PRISM FORGE
During this 5 day phase, starting on the 25th of January, 70,000,000 (7% of the supply) will be pooled with $UST. In the first 4 days people are able to deposit an unlimited amount of $UST to pool against the 70,000,000 $PRISM tokens.
During this 5 day phase, starting on the 25th of January, 70,000,000 (7% of the supply) will be pooled with $UST. In the first 4 days people are able to deposit an unlimited amount of $UST to pool against the 70,000,000 $PRISM tokens.
6./ On the 5th day, you can withdraw your $UST if you think there is too much $UST deposited and you won't get enough $PRISM tokens for your $UST. You can withdraw 1/24th of your deposited amount every hour.
Note: deposits are closed now, so price per token can only go down.
Note: deposits are closed now, so price per token can only go down.
7./ Once this phase is over the tokens you receive are known. You can calculate this as follows:
(Your $UST in Vault / Total $UST in Vault) x 70,000,000 $PRISM Tokens
(Your $UST in Vault / Total $UST in Vault) x 70,000,000 $PRISM Tokens
8./ PHASE 2: $PRISM SWAP
On the 30th of January, the pools will open and the $PRISM tokens will be released. People can now trade their $PRISM tokens and people who didn't participate in phase 1 can buy.
On the 30th of January, the pools will open and the $PRISM tokens will be released. People can now trade their $PRISM tokens and people who didn't participate in phase 1 can buy.
9./ PHASE 3: $PRISM REFRACT
Estimated on the 4th of February, people can start refracting their $LUNA. People can now deposit their $LUNA and mint $yLUNA and $pLUNA. Why would you do this?
Estimated on the 4th of February, people can start refracting their $LUNA. People can now deposit their $LUNA and mint $yLUNA and $pLUNA. Why would you do this?
10./ It will also be possible to:
Stake $yLUNA and start receiving staking rewards
Provide liquidity
Stake $PRISM to receive $xPRISM and participate in governance
Use $PRISM swap to trade or place limit orders to buy or sell assets (you may consider limit orders as alpha)
Stake $yLUNA and start receiving staking rewards
Provide liquidity
Stake $PRISM to receive $xPRISM and participate in governance
Use $PRISM swap to trade or place limit orders to buy or sell assets (you may consider limit orders as alpha)
11./ PHASE 4: $PRISM FARM
Estimated on the 9th of February, users will be able to swap their $yLUNA yield for $PRISM tokens. During this stage, 130,000,000 (13%) $PRISM tokens will be distributed linearly over the course of one year.
Estimated on the 9th of February, users will be able to swap their $yLUNA yield for $PRISM tokens. During this stage, 130,000,000 (13%) $PRISM tokens will be distributed linearly over the course of one year.
12./ For this phase the following is important to know:
- If you farm a $PRISM token it will be claimable 30 days later
- Withdrawing $yLUNA will be possible without withdrawing fees
- If you farm a $PRISM token it will be claimable 30 days later
- Withdrawing $yLUNA will be possible without withdrawing fees
13./ This is it. This is how you can keep your hands on those $PRISM tokens.
Like I already said, I expect this to be one of the fairest launches ever. I'm definitely participating. Don't think I have ever been so excited for a project as for @prism_protocol 🔥🚀
Like I already said, I expect this to be one of the fairest launches ever. I'm definitely participating. Don't think I have ever been so excited for a project as for @prism_protocol 🔥🚀
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