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Jan 25 6 tweets 3 min read
The @galactic_punks are giving 10 whitelist spots for the upcoming #GalacticGridz and @colonies_nft mints to $PRISM community members!

To enter:
1⃣Comment your fav combination of 3 words.
Example: prism.diamond.hands
2⃣hashtag #GalacticGridz and follow @colonies_nft

👇
What is Galactic Gridz?

You can think about Galactic Gridz as one big planet in the Terraverse, with 10,000 plots (or Gridz). Anyone who mints a Grid owns that plot of land and can decide what’s built on-top of it. Each Grid is uniquely distinguishable by its 3 words
These words act as x,y,z coordinates, a street address and the owner’s NFT pseudo-identity. This 3 worded combo (formatted word.word.word) is chosen by YOU: the minter. This is one of the first ‘Mint-Your-Own’ experiences out there!
What is Colonies?

Colonies is your customizable public display (gallery) for Terra NFTs built on top of your Grid. Confused? Think of a 2D building, such as a house, and the ability to customize how it looks....
You can add decorations, upgrade the number of floors, build a garage or even a hangar for your ships. Most of all, you pick the NFTs you want to display and how.

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More from @prism_protocol

Jan 27
PRISM is launching on Feb 1st. We have received many questions regarding:

1⃣ The utility of the $PRISM token
2⃣ How the $xPRISM governance token works
3⃣ $PRISM token distribution.

Please see the @Medium article for more details.

A thread 🧵 below 👇

prism-protocol.medium.com/the-prism-and-…
The $PRISM token will be the base asset of each liquidity pool on the PRISM Swap DEX.

As the amount of assets refracted by PRISM increases, more liquidity pools with $PRISM will be created. Assets like $bSOL, $bETH, $bATOM $aUST, @astroport_fi LP tokens etc.... Image
And if the value of the non-PRISM assets in the pools increases, so must the value of the $PRISM in those pools....
Read 13 tweets
Jan 24
IMPORTANT ANNOUNCEMENT:

Due to ongoing market volatility we have reluctantly decided to delay the $PRISM launch by 1 week, pushing the launch date to 1st February 2022.
As a decentralised application we feel it’s important that the $PRISM governance token is widely distributed & we want to ensure that everyone who wants to participate in the $PRISM launch has the opportunity to do so.
Following feedback from the PRISM community, we understand that many prospective participants’ priorities are currently focused on managing risk elsewhere & that a new token launch, at this time, would be a distraction.
Read 7 tweets
Jan 21
We are pleased to announce our first cohort of validators for the $LUNA vault in PRISM Refract!

Let's dive in to how these validators were chosen and how they will be bringing long term value to both $PRISM and $LUNA holders.

🧵
Over 50 validators applied to be considered in the initial cohort, from these applicants, we selected a subset based on the following criteria...
All of these validators have a voting power of less than 2%.

They have also committed to a commission rate of 5% or less.

And most importantly, they all have a unique contribution to how they bring value to both $LUNA and $PRISM holders.
Read 17 tweets
Nov 24, 2021
@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
Read 5 tweets
Jul 22, 2021
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 💸

👇
Read 5 tweets

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