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Will Prisma Finance Ignite The LST Wars? | Quick Hit
Our guest today is the anonymous cofounder of Prisma Finance.
In this Quick Hit, we spotlight a new LSTfi protocol called Prisma Finance. We discuss will Prisma ignite the LST Wars, referring to the Curve Wars among protocols competing to capture voting power to allocate Curve liquidity rewards and bootstrap early DeFi protocols.
Self-described as "the end game for LSTs," Prisma will offer a highly anticipated non-custodial and decentralized Ethereum LST-backed stablecoin. Prisma's CoFounder discusses all you need to know about the upcoming launch and their stablecoin which will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards.
Will Prisma trigger a new DeFi Summer? Tune in before Prisma's summer launch date TBD (in late July / early August 2023)!
------
📺 If you prefer video, watch episodes of The Edge Podcast on YouTube: https://www.youtube.com/playlist?list=PLNzMl-Xdbc4YfQcYdy96wgTAWoMr-3b-j
THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN(S) RELATED TO ANY PLATFORM(S) DISCUSSED.
------
🌲 LINKTREE FOR THE EDGE PODCAST: https://linktr.ee/edge_pod
🔎 DISCOVER DEFI & WEB3 BLOG POSTS, PODCASTS, TUTORIALS: http://defidad.com/
✅ FOLLOW DEFI DAD ON TWITTER: https://twitter.com/DeFi_Dad
✅ FOLLOW NOMATIC ON TWITTER: https://twitter.com/Nomaticcap
------
The Edge Podcast Sponsor Resources
⚖️ KYBERSWAP | DEX AGGREGATOR, AMM, AND AI-POWERED TRADING ANALYTICS POWERED BY KYBER AI
🏢 PARCL | TRADE YOUR FAVORITE CITIES WITH REAL ESTATE SYNTHETICS
🚜 OETH BY ORIGIN DEFI | AN INNOVATIVE ETH YIELD TOKEN LEVERAGING LEADING LSTS AS COLLATERAL
🏗️ MANTLE | HIGH-PERFORMANCE ETHEREUM L2 WITH MODULAR DESIGN, LOW FEES, AND HIGH SECURITY
🥑 INSTADAPP | THE NEW AVOCADO SMART CONTRACT WALLET
⛩️ UTOPIA | PAYROLL AND EXPENSE MANAGEMENT FOR DAOS
🚀 LIQUITY | UNSTOPPABLE ETH-BACKED STABLECOINS AND LEVERAGE
🥩 ETHER.FI | DECENTRALIZED AND NON-CUSTODIAL ETHEREUM STAKING PROTOCOL
🙋♀️ Interested to sponsor The Edge Podcast? Fill this out!
------
Topics Covered
00:00 - Intro
06:58 - Background of anon cofounder
09:21 - Why LST-backed stablecoins
11:22 - What is Prisma Finance
13:10 - How we will use Prisma
14:35 - Bolting veTokenomics onto a CDP protocol
16:30 - Prisma fees
18:51 - Will Prisma compete with crvUSD?
21:55 - Supported LST collaterals
22:42 - How liquidations work
24:22 - Thoughts on Recovery Mode
27:42 - Likely Curve and Convex integrations
30:30 - Lessons from Frax
33:13 - Will Prisma be immutable?
34:20 - PRISMA token and its functions
35:12 - Token launch
35:47 - LSTfi onboarding new LST holders
38:15- Platform launch and L2s
40:19 - Closing
------
Guest Links
Prisma Finance on Twitter
https://twitter.com/PrismaFi
Learn about Prisma Finance
https://www.prismafinance.com/
Join Prisma Discord
https://discord.gg/prismafinance
Read the first ever Mirror post Prisma
https://mirror.xyz/prismafinance.eth/wYAgS4n7aL4tNFdxSed_m_5nrNXg_3yNc18CwBdCyfU
------
🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are angels in Prisma Finance. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.
View all episodes
By DeFi Dad
5
99 ratings
Our guest today is the anonymous cofounder of Prisma Finance.
In this Quick Hit, we spotlight a new LSTfi protocol called Prisma Finance. We discuss will Prisma ignite the LST Wars, referring to the Curve Wars among protocols competing to capture voting power to allocate Curve liquidity rewards and bootstrap early DeFi protocols.
Self-described as "the end game for LSTs," Prisma will offer a highly anticipated non-custodial and decentralized Ethereum LST-backed stablecoin. Prisma's CoFounder discusses all you need to know about the upcoming launch and their stablecoin which will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards.
Will Prisma trigger a new DeFi Summer? Tune in before Prisma's summer launch date TBD (in late July / early August 2023)!
------
📺 If you prefer video, watch episodes of The Edge Podcast on YouTube: https://www.youtube.com/playlist?list=PLNzMl-Xdbc4YfQcYdy96wgTAWoMr-3b-j
THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN(S) RELATED TO ANY PLATFORM(S) DISCUSSED.
------
🌲 LINKTREE FOR THE EDGE PODCAST: https://linktr.ee/edge_pod
🔎 DISCOVER DEFI & WEB3 BLOG POSTS, PODCASTS, TUTORIALS: http://defidad.com/
✅ FOLLOW DEFI DAD ON TWITTER: https://twitter.com/DeFi_Dad
✅ FOLLOW NOMATIC ON TWITTER: https://twitter.com/Nomaticcap
------
The Edge Podcast Sponsor Resources
⚖️ KYBERSWAP | DEX AGGREGATOR, AMM, AND AI-POWERED TRADING ANALYTICS POWERED BY KYBER AI
🏢 PARCL | TRADE YOUR FAVORITE CITIES WITH REAL ESTATE SYNTHETICS
🚜 OETH BY ORIGIN DEFI | AN INNOVATIVE ETH YIELD TOKEN LEVERAGING LEADING LSTS AS COLLATERAL
🏗️ MANTLE | HIGH-PERFORMANCE ETHEREUM L2 WITH MODULAR DESIGN, LOW FEES, AND HIGH SECURITY
🥑 INSTADAPP | THE NEW AVOCADO SMART CONTRACT WALLET
⛩️ UTOPIA | PAYROLL AND EXPENSE MANAGEMENT FOR DAOS
🚀 LIQUITY | UNSTOPPABLE ETH-BACKED STABLECOINS AND LEVERAGE
🥩 ETHER.FI | DECENTRALIZED AND NON-CUSTODIAL ETHEREUM STAKING PROTOCOL
🙋♀️ Interested to sponsor The Edge Podcast? Fill this out!
------
Topics Covered
00:00 - Intro
06:58 - Background of anon cofounder
09:21 - Why LST-backed stablecoins
11:22 - What is Prisma Finance
13:10 - How we will use Prisma
14:35 - Bolting veTokenomics onto a CDP protocol
16:30 - Prisma fees
18:51 - Will Prisma compete with crvUSD?
21:55 - Supported LST collaterals
22:42 - How liquidations work
24:22 - Thoughts on Recovery Mode
27:42 - Likely Curve and Convex integrations
30:30 - Lessons from Frax
33:13 - Will Prisma be immutable?
34:20 - PRISMA token and its functions
35:12 - Token launch
35:47 - LSTfi onboarding new LST holders
38:15- Platform launch and L2s
40:19 - Closing
------
Guest Links
Prisma Finance on Twitter
https://twitter.com/PrismaFi
Learn about Prisma Finance
https://www.prismafinance.com/
Join Prisma Discord
https://discord.gg/prismafinance
Read the first ever Mirror post Prisma
https://mirror.xyz/prismafinance.eth/wYAgS4n7aL4tNFdxSed_m_5nrNXg_3yNc18CwBdCyfU
------
🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are angels in Prisma Finance. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.
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