[PRISMA] [PIP-46] Shutdown Prisma Finance & Introduce Resupply

Quorum: 6.44m CVX

This proposal outlines the plan to sunset Prisma Finance to prepare for the launch of Resupply by executing the following actions:

1. Terminate Prisma Emissions: Replace the current Prisma emissions schedule contract with one that returns 0.

2. Disable Prisma Debt Caps: Set all Prisma Finance debt caps to 0.

3. Sunset all collaterals: Set trove managers to sunset all collaterals, raising interest rates and encouraging redemptions.

4. Reallocate Treasury Assets: Transfer all Prisma treasury assets and tokens held in the fee receiver to the Resupply treasury.

5. Distribute RSUP Tokens: Prisma tokens will be redeemable for RSUP tokens. All PRISMA, cvxPRISMA, and yPRISMA holders will be redeemable for RSUP tokens. 15% of the RSUP supply is allocated for Prisma redemptions. An additional 2% of RSUP supply is allocated for Prisma hack victims not yet made whole.

These actions will officially end Prisma Finance’s operations and pave the way for the launch of Resupply, a new Convex Finance and Yearn subDAO. Resupply will introduce a decentralized stablecoin backed by Collateralized Debt Positions (CDPs), leveraging the liquidity and stability of lending markets.