Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list PRISMA (Prisma Finance) on Jan 11, 2024 (UTC). The details are as follows.
List Time
1. Deposit: 09:00 on Jan 11, 2024 (UTC)
2. Withdrawal: 09:00 on Jan 11, 2024 (UTC)
3. Trading pair: PRISMA/USDT
4. Opening method: Call Auction
a. Call Auction
09:00-09:50 Jan 11, 2024 (UTC)
Orders can be placed and canceled
09:50-10:00 Jan 11, 2024 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Jan 11, 2024 (UTC)
About PRISMA
Prisma is a decentralized borrowing protocol that allows users to mint a stablecoin, mkUSD, that is fully collateralized by liquid staking tokens.
Prisma enables users to mint a stablecoin, mkUSD, that is fully collateralized by liquid staking tokens. The stablecoin will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards.
The Prisma codebase is completely immutable, based on Liquity, creating a robust protocol and truly decentralized stablecoin with favorable and flexible collateral parameters. These features make it attractive for those wanting to get the best out of their LSTs without tail risks from other stablecoins.
The Prisma DAO will be in charge of parameters, emissions, and protocol fees.
About Automated Market Making (AMM)
AMM is supported for the PRISMA/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Jan 11, 2024
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