Prisma Finance is a decentralized finance (DeFi) protocol that primarily focuses on leveraging Ethereum liquid staking tokens (LSTs) to unlock their full potential. The governance token of Prisma Finance is PRISMA, which is essential for directing emissions and changing economic parameters through governance.
The team behind Prisma consists of seven core contributors with previous experience in blue-chip DeFi projects. Prisma has partnerships with entities like Frax, Curve, and Convex Finance. These partnerships facilitate the co-incentivization of the mkUSD stablecoin, enhancing its utility and reach within the DeFi ecosystem.
In conclusion, Prisma Finance represents a novel approach in the DeFi space, focusing on the utilization of Ethereum LSTs for minting a stablecoin. Its governance structure, strategic partnerships, and innovative use of LSTs make it a notable protocol in the ever-evolving world of decentralized finance.