The LSD stablecoin protocol Prisma Finance has completed its financing, with participation from Curve's founder and others

2023-06-01 08:19:51

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ChainCatcher news, the LSD stablecoin protocol Prisma Finance has completed a round of financing, with the specific amount undisclosed. Investors include Curve Finance founder Michael Egorov, Convex Finance founder C2tP, FRAX Finance, Conic Finance, Tetranode, Llama Airforce, CoinGecko founder, OKX Ventures, DeFiDad, MrBlock, Impossible Finance, 0xMaki, GBV, Agnostic Fund, Swell Network founder, The Block's research director Adam Cochran, Ankr Founders, MCEG, Eric Chen, and others.

Prisma supports the collateralization of various Ethereum liquid staking derivatives (Frax, Lido, Rocket Pool, Binance, and Coinbase) to mint stablecoins. Additionally, Prisma's over-collateralization model supports automatic repayment, allowing the use of Ethereum staking rewards to automatically repay debts. (source link)

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LSD Prisma Finance Curve OKX Convex

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