Home Prisma Finance
Post
Cancel

Prisma Finance

Basic Information

InformationDetails
Project NamePrisma Finance
Project Websitehttps://prismafinance.com/
Project DescriptionPrisma Finance is a decentralized borrowing protocol that allows users to mint a stablecoin, mkUSD, fully collateralized by liquid staking tokens. It aims to enhance the utility of Ethereum liquid staking tokens across DeFi platforms.
Project TickerPRISMA

Airdrop Details

InformationDetails
Airdrop TypePRISMA (Governance Token)
Total Airdrop Amount9,000,000 PRISMA tokens (3% of total supply)
Number of Eligible UsersNot Known
Number of ClaimantsNot Known

Timeline

EventDate
Blockchain SnapshotNovember 2, 2023
Claiming StartedNovember 6, 2023 (veCRV voters)
November 9, 2023 (Prisma Point holders)
Claiming EndsNot Known

Token Distribution

DistributionAmount
MaximumNot Known
Median/AverageNot Known
MinimumNot Known

Eligibility Criteria

  • veCRV Voters: Addresses that voted to whitelist Prisma on Curve DAO are eligible for 1% of the total PRISMA supply, distributed proportionally based on their voting participation.

  • Prisma Point Holders: Early users who participated in the Prisma Protocol by actions such as opening a vault and minting mkUSD, depositing mkUSD into the stability pool, or providing liquidity on Curve earned Prisma Points. These users are eligible for 2% of the total PRISMA supply, distributed proportionally based on the total points earned.

All airdropped tokens are locked as vePRISMA to encourage active participation in Prisma’s governance:

  • veCRV Voters: Tokens are locked for 52 weeks.

  • Prisma Point Holders: Tokens are locked for 26 weeks.

Additional Information

The PRISMA token has a maximum total supply of 300 million tokens, allocated as follows:

  • Emissions: 62% (186,000,000 PRISMA) directed by the Prisma DAO to incentivize protocol actions and liquidity provision.

  • Core Contributors: 20% (60,000,000 PRISMA) allocated to core contributors, unlocking linearly over 12 months from genesis.

  • Early Supporters: 10% (30,000,000 PRISMA) allocated to early supporters, unlocking linearly over 12 months from genesis.

  • DAO Treasury: 5% (15,000,000 PRISMA) reserved for the Prisma DAO Treasury.

  • Airdrop: 3% (9,000,000 PRISMA) allocated for the retroactive airdrop to veCRV voters and Prisma Point holders.

This post is licensed under CC BY 4.0 by the author.