Prisma Finance launches new stablecoin ULTRA issued by PrismaLRT

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Cointime2024/02/15 02:31

By:Cointime

LSD stablecoin protocol Prisma Finance announced the launch of a new stablecoin, ULTRA. ULTRA is a new stablecoin issued by PrismaLRT, aimed at unlocking the liquidity of Liquid Restaking Tokens (LRTs). PrismaLRT is a new protocol designed specifically to realize the full potential of LRTs, which will be integrated into the Prisma UI, allowing users to easily borrow using their LSTs or LRTs. The protocol will initially support Ether.fi's weETH and plans to add more assets over time. PrismaLRT will be governed by PRISMA DAO, and holders who lock PRISMA can vote on the future of the protocol. The protocol will become the cornerstone of Prisma's expansion in the LRT ecosystem, opening up new market possibilities for PRISMA and LRT holders.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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