Introducing PRISMA - The Prisma DAO governance token

Since its inception, we committed towards building a protocol that belongs to its community, a DAO that would serve as responsible stewards of the Prisma Protocol. We’re excited to introduce the PRISMA governance token, ensuring community ownership and decentralized decision-making to guide Prisma towards the future.

Starting next week on November 2nd, the future of Prisma belongs to the DAO community.

PRISMA Distribution

PRISMA will have a max supply of 300 million, and will be distributed as follows:

• 62% (186,000,000 PRISMA) are allocated towards emissions. These emissions are directed by the Prisma DAO and incentivise certain actions within the Prisma Protocol. Emissions can additionally be used to incentivise liquidity on liquidity pools.

• 20% (60,000,000 PRISMA) are allocated to the Core Contributors. These tokens will be unlocked linearly for 12 months starting at Genesis.

• 10% (30,000,000 PRISMA) is allocated to Early Supporters who assisted in bootstrapping costs associated with the initial development of the Prisma Protocol. These tokens will be unlocked linearly for 12 months starting at Genesis.

• 5% (15,000,000 PRISMA) will be held in the Prisma DAO Treasury.

• 3% (9,000,000 PRISMA) will be distributed towards veCRV voters and Prisma Point holders.

PRISMA Emissions Schedule

The 62% (186,000,000 PRISMA) allocated for emissions will be distributed as follows:

• Weeks 1-4: 2,250,000 tokens per week.

• Weeks 5-13: 1.2% of the remaining emission tokens per week.

• Weeks 14-26: 1% the remaining emission tokens per week.

• Weeks 27-39: 0.9% the remaining emission tokens per week.

• Weeks 40-52: 0.8% the remaining emission tokens per week.

• Year 1-2: 0.7% the remaining emission tokens per week.

• Year 2-3: 0.6% the remaining emission tokens per week.

• Year 3+: 0.5% the remaining emission tokens per week.

Note that because of how the Prisma boost system works, the numbers quoted above are the maximum amount claimable in that week; the actual claims will be somewhere between 50-100% of these numbers, and anything unclaimed due to this is returned to the unallocated supply.

What’s Next

The growth of the Ethereum ecosystem in the coming years represents a monumental opportunity for LSTs. Prisma is positioning itself to provide a bedrock financial infrastructure allowing LST protocols and users to expand the utility of their LSTs across DeFi.

Over the next few days, we’ll be releasing a series of posts and articles covering governance, incentives, and our ve-model, to introduce to you how the new Prisma DAO will work in detail.

Join the Prisma Community

• Visit the website: Prismafinance.com

• Read through the documentation

• Meet the community on Discord

• Follow @PrismaFi on Twitter