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Prisma Launches to Unlock Potential of Ethereum Liquid Staking Tokens

Prisma, a new DeFi primitive, has launched with a focus on unlocking the full potential of Ethereum liquid staking tokens (LSTs). The protocol allows users to mint a stablecoin (acUSD) fully collateralized by liquid staking tokens, which will be incentivized on Curve and Convex Finance.

Prisma is backed by Curve Finance founder, Convex Finance founders, FRAX Finance, and many other prominent investors. The market for Ethereum LSTs is currently at $18 billion and recently became the biggest DeFi category by TVL, making it the biggest addressable market in DeFi. 

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