Rank #16mkUSDCrypto-Backed

Prisma mkUSD

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

About Prisma mkUSD

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.

Supported Blockchains

Ethereum

Pros

Multiple LST collateral options
Battle-tested Liquity architecture
Strong Curve ecosystem integration
Earn staking + PRISMA rewards

Cons

Very small market cap
Smart contract risk in young protocol
Complex tokenomics
Limited chain availability

Key Features

Multi-LST collateral support

Liquity-style borrowing mechanics

Stability Pool rewards

Curve integration for peg stability

Vote-locked tokenomics (vePRISMA)

Decentralised governance

Stablecoin Information

Community & Socials

Website Twitter / X Discord Telegram GitHub