Prisma Finance launches liquidity reward token "smkUSD"

ChainCatcher news, the LSD stablecoin protocol Prisma Finance tweeted to announce the launch of the liquidity reward token "smkUSD" for mkUSD. Prisma Finance stated that the stable pool is an important component of the Prisma system, enabling efficient liquidation and helping to maintain the system's solvency. It is reported that over two-thirds of the mkUSD supply is held in the stable pool, providing stability assurance for the Prisma protocol. smkUSD will represent mkUSD deposited in the stable pool and can be used for re-collateralization and rebalancing.