Prisma Finance initiates new proposal discussion to restore the protocol and restart lending transactions
Prisma Finance announced on X platform that a new proposal discussion has been initiated to restore the protocol and restart lending transactions. If approved, Prisma Finance will resume normal functionality, including full Vault management and deposits to the stable pool. Prisma DAO can continue to drive demand for mkUSD and ULTRA. In addition, before restoring the protocol, Prisma Finance will ensure that it is safe for all users. According to temperature checks and the method of receiving snapshots, on-chain voting may be launched within 2 to 6 days. Previously, Prisma Finance suspended the protocol after a vulnerability affected many users' personal vaults and stated that the remaining funds were safe.
Paidun: Attack on Prisma is still ongoing, losses expanded to $11.6 million
PeckShield announced on social media that the attack on Prisma is still ongoing, and the total loss has increased to about 3,257.7 ETH (approximately $11.6 million). Vault owners should pay attention to official announcements and beware of scams.
Cyvers: Prisma’s total losses have reached US$9 million, and the attacker’s funding source is FixedFloat
According to Cyvers Alerts monitoring, multiple suspicious transactions have been detected on Prisma Finance and are still ongoing. The total loss so far is about $9 million. The attacker's source of funds is FixedFloat.
Prisma has a vulnerability, core engineering contributors will suspend the protocol and investigate
Prisma Finance has stated that there may be vulnerabilities on Prisma. Core engineering contributors will suspend the protocol and conduct an investigation. Earlier reports suggested that Prisma Finance may have been attacked and had $8 million stolen.
Security Agency: Prisma Finance was attacked and $8 million was stolen
DeFi security organization Decurity posted on social media that Prisma Finance was attacked and lost $8 million.
Prisma Finance launches new stablecoin ULTRA issued by PrismaLRT
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.
Prisma Finance Launches Liquidity Reward Token “smkUSD”
The LSD stablecoin protocol, Prisma Finance, announced the launch of the liquidity reward token "smkUSD" for mkUSD on Twitter. Prisma Finance stated that the stable pool is an important part of the Prisma system, which can achieve efficient settlement and help maintain the system's solvency. It is reported that more than two-thirds of the mkUSD supply is stored in the stable pool, providing stability for the Prisma protocol. SmkUSD will represent the mkUSD deposited in the stable pool and can be used for re-collateralization and rebalancing.
