Bootstrapping a $150m Stablecoin w/ @0xbabaramdass of @PrismaFi - Flywheel #85.
03 Jan 2024, 22:39
Bootstrapping a $150m Stablecoin w/ @0xbabaramdass of @PrismaFi - Flywheel #85
@PrismaFi - the end-game for LSTs enabling users to mint mkUSD, a non-custodial decentralized LST backed stablecoin, putting users' yield to work in the age of LSD-enabled DeFi š
Let's Dive In š
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03 Jan 2024, 22:53
š£ December #THORBURN complete!
š„ 2,811,680 $THOR BURNED š„ (3X emissions + 1.06x Multiplier)
Monthly Burn target exceeded 106% šŖ
In total ~64.47M $THOR has been burned so far, accounting for ~12.89% of maximum supply š„
Progress and $THOR distribution can be tracked here:
December #THORBURN complete. 2,811,680 $THOR BURNED (3X emissions + 1. 06x Multiplier). Monthly Burn target exceeded 106%.
š£ December #THORBURN complete!
š„ 2,811,680 $THOR BURNED š„ (3X emissions + 1.06x Multiplier)
Monthly Burn target exceeded 106% šŖ
In total ~64.47M $THOR has been burned so far, accounting for ~12.89% of maximum supply š„
Progress and $THOR distribution can be tracked here: ...