ChainCatcher news, according to the official website, the LSD stablecoin protocol Prisma Finance has now integrated with the OKX Web3 wallet. Users can mint stablecoins by staking wstETH, cbETH, rETH, sfrxETH, and other LSTs through the OKX Web3 wallet plugin, as well as earn interest on their deposits. The Prisma Finance codebase is completely immutable and is a new type of DeFi project focused on unlocking the full potential of LSTs.It is reported that the OKX Web3 wallet is a leading one-stop Web3 entry point, now supporting over 75 public chains. The app, plugin, and web versions are unified, covering five major sectors: wallet, DEX, DeFi, NFT marketplace, and DApp exploration. It also supports the Ordinals market, MPC and AA smart contract wallets, gas exchange, and hardware wallet connections, providing users with a convenient and secure experience.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance has launched its governance token PRISMA on the Ethereum mainnet and announced the token contract address. According to on-chain information, the total supply of PRISMA is 300 million.According to the crypto data platform RootData, the LSD stablecoin protocol Prisma Finance is a DeFi-native protocol focused on unlocking the full potential of Ethereum liquid staking tokens (LSTs). Through Prisma, users can use liquid staking tokens as collateral to mint a fully collateralized stablecoin (acUSD). This stablecoin will be incentivized on Curve and Convex Finance, providing users with additional rewards such as trading fees, CRV, CVX, and PRISMA.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance announced that it will launch the governance token PRISMA on November 2, with a total supply of 300 million tokens, of which 62% will be managed by Prisma DAO; 20% will be allocated to core contributors, and these tokens will undergo a 12-month linear unlock starting from TGE; 10% will be allocated to early supporters, with a 12-month linear unlock starting from TGE; 5% will be stored in the Prisma DAO treasury; and 3% will be allocated to veCRV voters and Prisma point holders.

ChainCatcher message, the LSD stablecoin protocol Prisma Finance reached its debt ceiling for wstETH and sfrxETH just hours after launching on the Ethereum mainnet. Users can still mint mkUSD using rETH and cbETH as collateral.Currently, the total value of collateral in Prisma Finance has exceeded 30 million dollars, with total debt at 16.4 million dollars, leaving only 360 mkUSD available for minting.

ChainCatcher news, the LSD stablecoin protocol Lybra Finance has announced the launch of Lybra V2. Users should ensure to migrate LBR from Lybra V1 to Lybra V2 before 8 AM Beijing time on October 1.Previously, ChainCatcher reported on July 20 that the testnet for LSD stablecoin protocol Lybra Finance V2 is now live, with new features including full-chain functionality, an expanded range of LST options as collateral, improved fund security, and a new mechanism to maintain eUSD peg while supporting LBR value. On Lybra V2, users will have two different ways to mint eUSD and peUSD, with peUSD being the full-chain version of eUSD.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance has supported cbETH as collateral. Users can obtain the native over-collateralized stablecoin acUSD by collateralizing cbETH, while the staking rewards of cbETH can be used to repay the borrowed acUSD through a self-repaying mechanism, gradually reducing the liquidation ratio and balancing the lending rates.

ChainCatcher news, the LSD stablecoin protocol Lybra Finance has launched a collateral ratio (CR) monitoring feature.It is reported that when a user's collateral ratio falls below a specific threshold, it will automatically repay part of the user's debt. Once the collateral ratio returns to the predetermined level, this automatic repayment feature will stop. This feature is designed to provide users with an additional protection mechanism against liquidation risks in volatile markets. (Source link)

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)