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.

ChainCatcher message, the LSD stablecoin protocol Prisma Finance announced on social media that Prisma Improvement Proposal 001 has been approved, and the debt ceiling of Lido Finance's wstETH will increase from 100 million mkUSD to 200 million mkUSD around 7 AM Beijing time on November 5th.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance announced on its official Twitter that it has launched its first proposal PIP 001, which aims to increase the debt ceiling of the wstETH treasury from the current 100 million mkUSD to 200 million mkUSD, allowing more users to participate in minting mkUSD. The voting for this proposal is currently open and is expected to end on November 4, 2023.

According to ChainCatcher, monitored by Arkham, in the past 2 hours, the address starting with 0x9FC related to Sun Yuchen has deposited 110 million dollars in wstETH into the LSD stablecoin protocol Prisma Finance and minted over 60 million dollars in stablecoin mkUSD. This address currently holds more than 60% of Prisma's wstETH.The 0x9FC address previously sent a deposit of 25 ETH to Poloniex, which belongs to Justin Sun.

ChainCatcher message, the LSD stablecoin protocol Prisma Finance stated on social media that the new debt ceiling has been activated, increasing the debt ceiling for wstETH, rETH, and sfrxETH from 6 million mkUSD to 9 million mkUSD, and raising the debt ceiling for cbETH from 2 million mkUSD to 3 million mkUSD.Currently, wstETH has reached its debt ceiling.

ChainCatcher news, supported by LST, announced via Twitter that the stablecoin protocol Prisma Finance has launched the Prisma Points System to reward user contributions during the Prisma Guardian launch.It is reported that Prisma Points measure and focus on the on-chain contributions of early Prisma users. Points will primarily be awarded to users who open vaults and mint mkUSD, but other actions that contribute to the Prisma ecosystem will also be rewarded.