Prism (PRISM) (Terra Project)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: launch is 'very soon' (22-12-2021).
• From The Generalist (21-11-2021):

"Through the new protocol, users will be able to "refract" assets into a principal component and a yield component. For example, Luna could be split into pLuna, representing the principal, and yLuna, marking the yield."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Utility

• From this thread (22-12-2021):

"By staking $PRISM, and receiving $xPRISM, users can:

1. Receive transaction fees and part of the yield from $YTs.
2. Take part in governance.

Future plans for the $PRISM token include:

1. Staking lock mechanism to receive $vxPRISM, which can boost the users staking yield and voting power depending on the lock term (up to 4 years)  
2. The need for validators supported Prism Protocol to provide $xPRISM as collateral."

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Terra

How it works

• A thread on how it refracts can be read here (21-12-2021).

Roadmap

• Can be found [Insert link here].

Competition

• Tempus

Team, Funding and Partners

Team

• Full team can be found [here].

(:

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