Prisma Finance - Deep Dive (Review)
In this video we cover Prisma, a new CDP protocol on Ethereum with a ton of hype. See timestamps below to navigate to whichever part of the video you're interested in.
Prisma - prismafinance.com/
Timestamps:
0:00 - Intro and contents
0:52 - Liquid Staked Tokens
3:03 - What is Prisma?
5:43 - How does Prisma work?
8:02 - Metrics and Yields
11:03 - Prisma Token
14:35 - Partners, Audits & Shilling
16:14 - Competition
17:11 - Bull and Bear Case
20:45 - Conclusion
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The $1 dollar price was well predicted. Good shout!
thanks James!
Easy $50! In this bull run
Thank you. I actually just took the loss and sold it. Will put towards other coins. Lots of good stuff. Yes will look into your channel. Appreciate your prompt feedback. All the best
Best of luck ser! Hope you get lots of value from the channel 💯
@@WajahatMughal am a woman :) have now subscribed and shared your vid with the community.
@@instanta2693 my apologies! Great to have you here! What videos would you like to see more of?
Basically the only youtuber that has a good deep dive on this project. Would love to see some updated thoughts throughout the year. Subbed good stuff.
Haha thank you! Absolutely happy to do updates over time. Especially as the Prisma war heats up
Wow such a great content! Thankssss mannn!
My pleasure mate!
Great content. This defi game is no joke. Complexity is booming
It’s where the gains are 🫡
Well done:) Loved the breakdown.
You’re welcome! Got plenty more coming
My friend you have the same good opinion about PRISMA???
Great video mate 👍
Thanks mate!
Great vid thanks
You’re welcome!
Great video, but as long as they are only on base layer (ETH) I will not get itto in. Thanks for the video anyway!
Yeah it’s sadly an issue. Gas coming in & out of farms + selling gov tokens will add up to hundreds. Maybe L2 deployment soon! Got some Arbitrum content soon with the incentives 😎
Let's hope so! 😊
Crazy to see a fork driving so much TVL, but it’s def in the right place at the right time! Can’t ignore product market fit!
Right place right time right backers & big shillers. 300m TVL already. It’s huge. The concept of the Prisma wars is dawning upon some. Will protocols participate? We’ll soon find out I guess!
@@WajahatMughal I haven’t heard the hype as much as I have for the likes of Pendle, but perhaps that’s coming soon. I love the concept. Great to see a fork that improves on the concept! LSDs instead of “vanilla” ETH as you put it, makes so much sense!
@@AllThingsEVM it’s all over my Twitter at the moment haha!
@@WajahatMughalwhat's the minimum amount of usdt you need to have to take the opportunity here ?
@@henryjam6499 I’d say it’s not worth it unless you have $10K at a minimum. ETH mainnet gas fees eat up a lot otherwise if you’re farming with less. More so now because network activity has increased a fair amount in the last few weeks so ETH fees are 2-3x what they were not long ago. However, there are other protocols you can do this exact same thing on - L2’s like Arbitrum.
New upcoming narratives (ie more than gaming, ai, rwa..) and well researched small caps pls. Also, it might be a good idea to join virtual bacon’s community and post your videos there..many different channels and quite an active community.
youll get plenty of that via my deep dives! stay tuned! Plus my zero to 6 fig portfolio series where you can get my thoughts on all narratives in crypto and what im doing!
Newbie here....what is the base coin you start with to convert to wstETH or rETH? Can you start with USDT, USDC or Eth? What's typical?
You can swap any asset including ETH, USDC, USDT etc directly for any of these 'liquid staked ETH tokens'. You can do it on any DEX. I usually use DeFi llamas in house swap which usually gives the best rate for any assets on chain. If you're new to DeFi, I wouldn't recommend diving straight into Prisma, just because there are a few things to take note of including gas fees, smart contract risk and farming in general but theres lots of things to explore on chain!
Thanks! @@WajahatMughal
The circulation supply is Vault (DAO) (0x06bD) - 263,826,657 Locker (DAO) (0x3f78) - 21,875,662 Est. Circulating Supply 14,297,680 Total Value Locked $414.96m Looks like good deal, What you think?
goos job
Thanks!
It’s basically exactly like gravita protocol only gravita is omnichain and runs on layerzero unlike prisma
Yup. Thats right
GRAI is a stable coin...Prisma is not
You called it. Token is at $1. Does it have potential to return to $20 with all the emissions? What is the incentive to hold? Thanks!
highly doubt it, unless some innovative features come seems a bit too far reach. DeFi tokens generally are just poor performers sadly
@@WajahatMughal Lark was shilling it today Maybe he was an early investor and wants to see it pump.
Potential is for $60 easy ,.in this bull run
Did I just buy the bottom of PRISMA at 1.8 or has the dumpage by mercenary farmers and big holders only about to begin in your opinion?
Still 500m+ FDV market cap. Far too high imo for what Prisma offers. Circulating is low so maybe it can squeeze but with yields still really high, farmers are surely going to just keep farming & dumping. Just my opinion, I could be wrong.
So what is the correct valuation for the project?
what you think in today? project deadthed?
project is interesting, it relies so heavily on token incentives which is why I am not keen on the token still.
I have 4 million prisma on base are they real? Idk where they came from
If it was airdropped then no. There’s lots of scams, don’t interact with these
why is it tanking??
Farm and dump! I explained why I don’t think the token will do well at the end of the video
It's exactly like LUNA
How? Stable backed by eth?
So basically, Prisma is not for investing In the token itself...
Maybe in future it will change. Personally not for me for the moment.
Talk about Palestine bro
Oh is that a new protocol? What's the MOAT? Don't know if you noticed by the way, after you were done staring at your own abs in the mirror and cleaned up the drool, ya boy is not even West Asian.
@@SenpaiTorpidDOW He’s a Muslim and shouldn’t be silent if he’s got a platform to share. It is his duty to speak out against atrocities. May Allah سُبْحَانَهُ وَتَعَالَى give him the strength to speak out. Ameen
And what about the atrocities in Yemen, or Syria, or Libya, or Somalia, or Indonesia, or Myanmar, or Ukraine? Does he have a duty to speak out about them too?@@theabsdude
great data thanks
Thanks for commenting ser!
400million tvl now
The whales love it!