Pegged to
USD
Market Cap
$20.00M
24h Volume
$500.0K
Circulating Supply
20.00M mkUSD
Total Supply
20.00M mkUSD
Peg Target
USD
Collateral Type
Crypto-Backed
Issuer
Prisma Finance
Launch Date
01-09-2023
Prisma mkUSD is a decentralised stablecoin backed by Ethereum liquid staking tokens (LSTs). Built on a Liquity-style architecture, Prisma allows users to mint mkUSD against wstETH, rETH, cbETH, and sfrxETH collateral. Stability Pool depositors earn liquidation premiums and PRISMA token rewards. The protocol focuses on maximising yields for LST holders by allowing them to maintain staking exposure while accessing dollar liquidity. mkUSD integrates with Curve Finance for peg stability and liquidity incentives.
Category
Crypto-BackedCollateral Type
Crypto-BackedIssuer
Prisma Finance