New #LST Stablecoin Launches with 200% APR

Prisma, a new dapp that creates a #Stablecoins , mkUSD, from liquid staking tokens (LST) collateral is bringing back the huge #DEFI APRs with a double whammy.

Users can deposit wstETH, rETH, cbETH or the more exotic sfrxETH, and mint mkUSD like you would do with DAI, except here you earn PRISMA just for the minting.

That mkUSD can then be sent to Prisma's own pools or Curve and Convex pools and earn some more #PRISMA .