MKUSD vaults
About Prisma mkUSD
mkUSD is a decentralised stablecoin issued by Prisma Finance on Ethereum. It is backed by liquid staking tokens (wstETH, rETH, cbETH, sfrxETH) as collateral. The Prisma Finance website domain has since been hijacked; the protocol is effectively abandoned.
mkUSD was issued by Prisma Finance, an Ethereum-based decentralised borrowing protocol focused on liquid staking tokens (LSTs) as collateral.
Mechanism
- Overcollateralised CDPs backed by LSTs: wstETH, rETH, cbETH, sfrxETH
- Allows users to earn staking rewards while borrowing mkUSD
- Implements the OFT (Omnichain Fungible Token) standard via LayerZero for cross-chain transfers
- Governance token: PRISMA
Status
The Prisma Finance website domain (prismafinance.com) has been redirected to an unrelated site,
indicating the project has been abandoned. The on-chain contract remains at approximately
245,000 mkUSD supply with 1,187 holders as of early 2025, but no active protocol governance
or development is occurring.
Sources
Filters
Display
Hide vaults
Performance and risk
The vaults on the listing are limited to the current category. See all vaults.
| 3M price |
|---|
Stay ahead with the best new vaults and essential DeFi updates.
Subscribe to Trading Strategy newsletter