Prisma is a decentralized borrowing protocol that allows users to mint a stablecoin, mkUSD, that is fully collateralized by liquid staking tokens. In addition to the collateral, the loans are secured by a Stability Pool containing mkUSD and by fellow borrowers collectively acting as guarantors of last resort.
Prisma will offer an airdrop to all veCRV holders. More information on airdrop can be found here (https://twitter.com/PrismaFi/status/1691410140082130944). Convex will launch cvxPRISMA in sync with the locked PRISMA airdrop distribution process. As with other Convex derivatives, $PRISMA will be locked in perpetuity & voting rights will be managed by $vlCVX holders.
CLever vlCVX holders are entitled to $PRISMA airdrop. This snapshot proposal is for CLever vlCVX holders to decide whether CLever will distribute airdrop tokens in $PRISMA or $cvxPRISMA
10% quorum is needed. The option with more votes will represent the community’s final decision.