PrismaLRT: The Leverage dApp for LRTs｜Quick Hit
Richard (0xbabaramdass) is Head of Business Development at Prisma Finance. In this episode, we spotlight the new leverage dApp for LRTs, PrismaLRT. Prisma is the 3rd largest CDP protocol for borrowing in DeFi on Ethereum and now just launched a new product to support borrowing stablecoins against LRT collateral, including eETH by ether.fi. Learn more of the basics behind how PrismaLRT works and how DeFi users are getting paid PRISMA emissions to open vaults onchain. ------ 🔗 Essential Show Links 🔗 ► Youtube: https://youtube.com/@defidad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🚀 FLAT MONEY | NEW FLATCOIN AND DELTA-NEUTRAL MARKETPLACE BACKED BY RETH 🌊 SWELL NETWORK | NATIVE LIQUID RESTAKING WITH RSWETH 🦊 METAMASK PORTFOLIO | TRACK AND MANAGE YOUR WEB3 EVERYTHING 💧 INSTADAPP | NEW LENDING AND BORROWING VAULTS WITH FLUID 🧑🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS 🟢 KELP DAO | THE FIRST LIQUID RESTAKING PLATFORM FOR LSTS 🟣 MAVERICK PROTOCOL | DEFI INFRA MADE TO CUSTOMIZE, AUTOMATE & INCENTIIZE LIQUIDITY ------ Timestamps 0:00 - Intro 5:54 - Prisma vs PrismaLRT 9:44 - Progress in LRT deposits 10:53 - Incentives, stability pool, and LPs for ULTRA 13:02 - Maverick mid-roll 14:11 - Expanding to L2s and tokenized stability pool deposits 17:46 - Prisma and PrismaLRT governed by PRISMA 18:10 - Closing ------ 🔗 Guest Links 🔗 ► Prisma Finance website: https://prismafinance.com/ ► Prisma on Twitter: https://twitter.com/PrismaFi ► Richard on Twitter: https://twitter.com/0xbabaramdass ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. As of this recording, both DeFi Dad and Nomatic remain active contributors to Prisma Finance DAO and hold PRISMA. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.