PRISM
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Refract
In this tab users will be able to "split", "merge" or "redeem" their assets.
SPLIT
MERGE
REDEEM
SPLIT
On the "Split" tab a user will be able to commit a yield-bearing asset (YBA) into the vault and receive a Principal Token (PT) and Yield Token (YT) in return. A user can input the amount of YBA they wish to commit to the PRISM vault which will then mint a corresponding about of YT and PT.
MERGE
On the "Merge" tab a user can burn PT + YT to mint a CT. The maximum about of CT that can be minted will be the lower of the balance of PT or YT.
The maximum about of CT that can be minted will be the lower of the balance of PT or YT. For example if a user has 5 pLUNA and 4 yLUNA then that user can mint 4 cLUNA and will be left with 1 pLUNA. If they would prefer they can directly swap the pLUNA or yLUNA for LUNA on the AMM.
REDEEM
On the "Redeem" tab a user will be able to choose whether to "instant burn" or "slow burn" their CT for the underlying YB
For LUNA, instant burn will swap your cLUNA to LUNA on the AMM and you will immediately receive LUNA in your wallet at the prevailing price. Slow burn will start LUNA's native unstaking period and you will receive your LUNA in a minimum of 21 days.
Last modified 5mo ago
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