Introducing Prism v2 — The Yield-Optimized Layer 1 Blockchain

Prism is the first layer-1 blockchain dedicated to the harvesting, trading and utilisation of yield. Prism is built using the @cosmossdk.

Read more here ➡️ bit.ly/3HduYki

Thread below 👇 The Need for Fixed Yield & Composability

2022 has shown how important it is to have instant liquidity & access to capital.

Below is a comparison showing the tools Prism empowers users with compared to traditional staking or normal liquid staking derivatives.

At long last, the PRISM [REFRACTED] NFTs are almost here!

TL;DR
When: May 2nd, 2022
Who: Launch Whitelist
Where: @OnePlanet_NFT
Price: 1 pLUNA
How many: 1514 NFTs

Everything you need to know below 🧵 On May 2nd, 2022 - users who participated in the various phases of the PRISM launch including Forge, Refract, and Farm will be able to mint the very first PRISM NFTs on @OnePlanet_NFT.

Gm Refractooooors ▲🌈

The Prism devs have been busy over the weekend & we are pleased to announce that:

‼️ Limit Orders are LIVE on Prism Swap! ‼️

You are now able to place limit orders between any 2 assets on the Prism AMM.

See below for more info 👇🏼🧵

$PRISM $UST $LUNA First select the asset you want to swap from.

For example you may want to swap from $UST to $PRISM or from $LUNA to $cLUNA.

We have implemented a minimum order size of 150 $PRISM or equivalent value. The UI will inform you of the minimum order size below the swap amount input.

Gm Refractooooors ▲🌈

Today we’re pleased to announce that we have launched MyPage on the Prism WebApp 📊

Check it out now at prismprotocol.app/mypage

A quick look at the features below 👇🏻 🧵

$PRISM $LUNA $yLUNA $pLUNA $cLUNA $UST View the total value of your holdings across the various Prism assets & products:

APR on $xPRISM is 42.68%

$PRISM Farm🚜 starts❗️MONDAY❗️

Checklist:
✅ $LUNA refracted for Monday!
✅ Start earning ⚡️AMPS ⚡️now!

1⃣ Higher $LUNA price = $xPRISM APR📈
2⃣ More $LUNA in @prism_protocol = $xPRISM APR 📈
3⃣ More trading volume on PRISM Swap = $xPRISM APR 📈 Learn about PRISM FARM 🚜

Very helpful step-by-step guide and examples contained in the medium article.

https://twitter.com/prism_protocol/status/1499793357673017346?s=20&t=Q6VOynVP4RULFsGpMWdWMA

‼️ ATTENTION Refractooors ‼️

Prism Farm is launching on Monday 7th March 👨‍🌾

For full details please see our Medium article: prism-protocol.medium.com/prism-farm-is-…

An overview of the key points below...🧵👇 What is Prism Farm?

Prism Farm allows you to stake $yLUNA in the Prism Farm contract and receive $PRISM tokens in exchange for your $yLUNA yield.

130m $PRISM tokens (13% of the total supply) will be available in the Prism Farm event and will be farmed over a 12 month period.

‼️ATTENTION REFRACTOOORS!‼️

The time has arrived - Let the Refraction begin! **△**🌈

Go to: prismprotocol.app now to refract your $LUNA into $pLUNA & $yLUNA.

More information below🧵🔽 A reminder of the features that are available:

- Refract $LUNA into $pLUNA & $yLUNA 🌈
- Merge $yLUNA & $pLUNA back to $cLUNA 🔀
- Redeem $cLUNA back to $LUNA via instant or slow burn 🔥
- Stake $yLUNA to receive $LUNA staking rewards & airdrops 🔐

Today, we’re excited to introduce a new concept that will let $xPRISM holders turbo charge their yLUNA yields in the upcoming PRISM Farm.

In this thread, let’s do a quick recap and learn about our boosting mechanism…

⚡️AMPS⚡️

prism-protocol.medium.com/how-to-turbo-c… TLDR:

- PRISM Refract and PRISM Farm are nearly upon us
- PRISM Farm now comes with turbo-charged yield for yLUNA holders who also pledge $xPRISM
- $xPRISM has increased utility and accrues more value
- The amount and duration of $xPRISM pledged, will increasingly boost yields

Refractooors!

We’re pleased to announce that we have opened up testnet for refraction training here: test.prismprotocol.app To test, you will need to switch your wallet into testnet mode & you can grab some testnet $LUNA or $UST from the Terra faucet here: faucet.terra.money

If the $UST faucet is not working, simply swap $LUNA to $UST at station.terra.money.

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....

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

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.

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...

@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 👇

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 🌖