PRISM
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Tokenomics and Utility

PRISM

The PRISM token will be used as the base asset of all liquidity pools. This will mean that users who wish to provide liquidity will need to contribute both PRISM and the other asset.
Liquidity providers in these pools will earn fees from a combination of (1) AMM transaction fees, (2) $PRISM liquidity incentives.

xPRISM

PRISM holders who wish to participate in governance can stake their PRISM tokens and receive xPRISM in return, with a 21 day unstaking period. This is based on the popular $xSUSHI model.
$xPRISM has a few key properties:
Governance: $xPRISM will oversee a variety of important matters including how liquidity incentives are distributed, how to use community funds and deciding on new asset listings and terms.
Fees: $xPRISM holders will receive fees that the protocol charges. Initially, $xPRISM holders will receive fees from (1) protocol transaction costs and (2) a percentage of the yield $YT holders receive including staking rewards and airdrops. These will be converted to $PRISM on the AMM and added to the $xPRISM pool.
SOURCE
FEES
YT staked in one of the vaults
10% of yield, converted to PRISM on the AMM ~daily and distributed into the xPRISM pool
YT unstaked
100% of yield, converted to PRISM on the AMM ~daily and distributed into the xPRISM pool
CT in any state
100% of yield, converted to PRISM on the AMM ~daily and distributed into the xPRISM pool
Limit Orders
On successful execution of a limit order users will be charged the higher of 5 UST or 0.1% of their order. Orders are executed by 3rd party bots. 50% of this fee will be distributed to the xPRISM pool and the other 50% to the bot executor.
Transaction fees
Small transaction fees will be charged for taking actions in the protocol. These will be converted to PRISM and distributed into the xPRISM pool.
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PRISM
xPRISM