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PRISMA FINANCE launches new stablecoin $ULTRA to unlock LRTS liquidity.

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#DeFi
TechFlow
357Words
Feb 15, 2024

PRISMA FINANCE has announced the launch of a new stablecoin called $ULTRA, which will be issued by PRISMALRT. The aim is to unlock liquidity for LIQUID RESTAKING TOKENS (LRTS). PRISMALRT is a new protocol designed specifically to realize the full potential of LRTS. It will be integrated into the PRISMA UI, allowing users to easily borrow using their LSTS or LRTS. Initially, the protocol will support WEETH from ETHER.FI, with plans to add more assets over time. PRISMALRT will be governed by PRISMA DAO, and holders of locked PRISMA tokens will have the power to decide the protocol's future through voting. This protocol will serve as a cornerstone for PRISMA's expansion in the LRT ecosystem, opening up new market possibilities for PRISMA and LRT holders.

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