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With the borrowing rates equal to $eth staking APR

CN
DMH 🦇🔊🌊
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2 years ago
AI summarizes in 5 seconds.

With the borrowing rates equal to $eth staking APR, $prisma is just a farm-and-dump token

You can get at least 12% APR on your ETH with 200% CDR purely in $prisma if you stake $mkusd in the stability pool.

There is no reason to borrow on Prisma except farming native tokens and Justin (controls ~50% TVL) is doing exactly this ($1.3M $prisma farmed, and giving time shillers to get him a better exit price).

The stability pool also reminds $ape stake-not-to-dump model cause there is obviously no way to absorb so much supply.


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Selected Articles by DMH 🦇🔊🌊

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I like this approach from @rabbitx_io I think that DEXes should aim to offer the full specter of services for their clientsGive them lending markets like @vertex_protocol Options like @aevoxyz Market making/copy trading vaults like @HyperliquidX Allow different collaterals like @Aark_Digital And put everything under one roof so users retain with you and stop searching for better alternatives
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