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Up until now we have only been seeing moderate gains for #PRISM and its liquid staking token #xPRISM.
A quick 🧵 on why #PRISM will be the next #terraluna #altcoin to break out soon and fly towards the🌕! #Moonshot #LUNAtics
A quick 🧵 on why #PRISM will be the next #terraluna #altcoin to break out soon and fly towards the🌕! #Moonshot #LUNAtics
1/ @prism_protocol's innovative approach of allowing users to split ("refract") their #LUNA tokens into #pLUNA and #yLUNA lies at the core of the protocol.
For this service, a portion of yield derived through the protocol goes towards #PRISM stakers, i.e. #xPRISM #hodlers.
For this service, a portion of yield derived through the protocol goes towards #PRISM stakers, i.e. #xPRISM #hodlers.
2/ While all of the juicy details can be found @ prismprotocol.notion.site, the gist of it is as follows:
By holding #PRISM and staking it for the auto-compunding #xPRISM token, you effectively become a shareholder of @prism_protocol's income stream.
By holding #PRISM and staking it for the auto-compunding #xPRISM token, you effectively become a shareholder of @prism_protocol's income stream.
