| General information | |
|---|---|
| Global rank: | 2726 |
| Name: |
Prisma mkUSD |
| Symbol: | MKUSD |
| Current coin price (TRY): | 43.31 ₤ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_upward0.000000 % |
| Last 7 days: | 0.030 %trending_up |
| Capitalisation (TRY): | 10 621 774.19 ₤ |
| Volume 24h (TRY): | 0.000000 ₤ |
| Available supply: | 245 228.00 MKUSD |
| Total coin supply: | -1 MKUSD |
| Start date: | 2023-08-30 |
Prisma mkUSD/Turkish Lira (MKUSD/TRY) price chart
Prisma mkUSD/Turkish Lira (MKUSD/TRY) 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.