Protocol Expansion: Prisma Finance


A little over 2 years ago, we embarked on a mission with a clear objective: to optimize and expand opportunities for users through meticulous implementation and a symbiotic relationship with Curve’s veToken model. Since then, Convex Finance has evolved into a hub for protocols seeking to optimize with Curve in a mutually beneficial manner. This journey has propelled Convex to extend our model to other protocols with similar token structures, namely Frax Finance’s, Frax Shares (FXS), and Frax Price Index Shares (FPIS), as well as FX Protocol (FXN).

With that said, Convex Finance is delighted to welcome the newest entrant to our ecosystem, Prisma Finance. Prisma Finance introduces a novel DeFi primitive that concentrates on unlocking the potential of Ethereum Liquid Staking Tokens (LSTs). It achieves this by empowering users to mint a stablecoin called “mkUSD,” which derives full collateral backing from LSTs.

Convex is excited to initiate a closer collaboration with the Prisma team, working together to generate more opportunities for users of Curve, Convex, and Prisma alike.

Today, Prisma Finance is launching their PRISMA token.

Things you should know before participating in the PRISMA/cvxPRISMA rollout:

As announced by the Prisma team, PRISMA tokens will initiate distribution through an airdrop to veCRV and vlCVX holders who voted for whitelisting them in the form of “locked PRISMA.” Our integration with Prisma Finance enables all airdrop participants to claim their PRISMA tokens via Convex Finance, as cvxPRISMA. This immediate conversion facilitates liquidity and transferability.

Similar to the CRV and cvxCRV relationship, the claimed PRISMA tokens will be automatically transformed into cvxPRISMA, and the original PRISMA tokens will be permanently locked.

PRISMA tokens locked within Convex will remain inaccessible for the maximum lock duration in perpetuity.

The conversion process will be unidirectional; cvxPRISMA tokens cannot be reverted back to PRISMA tokens. However, users will always retain the option to exchange between the two tokens using liquidity pools on Curve Finance. Exchange will be facilitated at the Curve Finance conversion rate.

vlCVX users will determine how Convex Finance allocates vePRISMA vote weighting in Prisma Finance’s governance.

Users can stake cvxPRISMA on Convex Finance to earn a share of fees obtained by staking their vePRISMA tokens. Additionally, users may receive native CVX rewards from the platform.

Source : Medium / Nov 2, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.