To enter:
1⃣Comment your fav combination of 3 words.
Example: prism.diamond.hands
2⃣hashtag #GalacticGridz and follow @colonies_nft
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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.
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....
And if the value of the non-PRISM assets in the pools increases, so must the value of the $PRISM in those pools....
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.
@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
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 💸