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PrismaLST

Prisma Finance offers non-custodial and decentralized Ethereum LST & LRT backed stablecoins.
Category: CDP
TVL: $245K

Description

Prisma Finance is a decentralized borrowing protocol that allows users to mint a stablecoin, mkUSD, fully collateralized by liquid staking tokens. The protocol is non-custodial, immutable, and censorship-resistant, offering a capital-efficient borrowing experience with a collateral ratio of just 120%.