LSD stablecoin protocol Prisma Finance announced that its governance token PRISMA has been launched on the Ethereum mainnet

According to TechFlow, LSD stablecoin protocol Prisma Finance announced that its governance token PRISMA is now available on the Ethereum mainnet.

The contract address is:

0xdA47862a83dac0c112BA89c6abC2159b95afd71C。

It is reported that the total amount of PRISMA is 300 million, and the specific distribution is as follows:

62% (186 million PRISMA) is managed by the Prisma DAO and is used to incentivize certain actions within the Prisma protocol and liquidity pools;

20% (60 million PRISMA) are allocated to core contributors, and these tokens will be unlocked linearly over 12 months starting from TGE;

10% (30 million PRISMA) are allocated to early supporters, and TGE begins a 12-month linear unlocking process;

5% (15 million PRISMA) will be stored in the Prisma DAO treasury;

3% (9 million PRISMA) will be distributed to veCRV voters and Prisma points holders.

Earlier news, the LSD stablecoin protocol Prisma announced that it will launch the governance token PRISMA on November 2.