Prisma mkUSD MKUSD

Prisma mkUSD is a stablecoin that is minted on the Prisma decentralized borrowing protocol. It is fully collateralized by liquid staking tokens. This means that users can lock their staking tokens as collateral and borrow mkUSD against them. The stability of mkUSD is further ensured by a Stability Pool containing mkUSD and the collective guarantee of fellow borrowers. Overall, mkUSD provides users with a stable and decentralized borrowing and lending experience within the Prisma ecosystem.

Prisma mkUSD is unique compared to other cryptocurrencies because it is fully collateralized by liquid staking tokens. This means that the stablecoin is backed by a pool of assets, providing stability and reducing the risk of price volatility. Additionally, Prisma mkUSD loans are secured by a Stability Pool containing mkUSD and by fellow borrowers acting as guarantors of last resort. This unique combination of collateralization and borrower guarantees sets Prisma mkUSD apart from other cryptocurrencies.