| General information | |
|---|---|
| Global rank: | 1381 |
| Name: |
Prisma mkUSD |
| Symbol: | MKUSD |
| Current coin price (SBD): | 8.10 $ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_downward-0.030 % |
| Last 7 days: | -0.210 %trending_down |
| Capitalisation (SBD): | 31 586 516.74 $ |
| Volume 24h (SBD): | 678 784.56 $ |
| Available supply: | 3 899 905.00 MKUSD |
| Total coin supply: | -1 MKUSD |
| Start date: | 2023-08-30 |
Prisma mkUSD/Solomon Islands Dollar (MKUSD/SBD) price chart
Prisma mkUSD/Solomon Islands Dollar (MKUSD/SBD) capitalisation and volume charts
MKUSD is a decentralized stablecoin, fully collateralized by liquid staking tokens. It is part of the Prisma decentralized borrowing protocol. The protocol is non-custodial, immutable, and censorship-resistant, focusing on the utilization of Ethereum liquid staking tokens (LSTs). MKUSD is designed to provide a stable and secure option within the volatile cryptocurrency market.
MKUSD offers a mechanism for users to mint a stablecoin by depositing specific liquid staking tokens in a vault. If the collateral ratio falls below a certain threshold (120%), the vault is subject to liquidation. This process is managed by a stability pool that oversees the liquidated debt and distributes collateral to providers. The minted MKUSD can then be used on other DeFi platforms or exchanged back for liquid-staking tokens. This system offers users a versatile and secure way to engage with the broader DeFi ecosystem.