What is PRISM?

PRISM is a revolutionary derivatives protocol that introduces new asset classes in DeFi, allowing users to manage the risks associated with volatile prices and unstable yields in a simple and capital-efficient manner.

PRISM achieves this by refracting digital assets into two distinct parts: a yield component and a principal component.

Source: https://en.webgiacoin.com/what-is-prism-protocol

2022-03-04

This Scavanger Hunt gives the chance to explorer and getting to know the new and hyped PRISM protocol. We will follow the steps described in the description of the Prism Scavanger Hunt

Step 1: Refract LUNA into yLUNA and pLUNA

Step 2: Swap some yLUNA for PRISM

Step 3: Provide liquidity using pLUNA and PRISM

Conclusion

Scavanger Hunts are always a nice and easy way to learn about new crypto projects. Thanks to Flipside Crypto for giving us the chance to learn and earn!

Thanks for reading!