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Prism is a derivative protocol in the Terra Ecosystem.Prism is a project that optimizes capital performance at Terra by producing attractive derivatives products and maximizing LUNA usage.Prism has ways to raise capital against users' assets that in turn do not put their assets at risk of liquidation. This is very true in a volatile market.Prism allows users to raise money for cash instead of the value of the asset itself. The result is that users can be exposed to Luna and at the same time sell their returns in the market to generate cash flow.
- Source :coin98.net
In this dashboard, we are going to examine the relative value of pLuna and yLuna by looking at a few valuation strategies.
In this case, we want to take a look at the current flow of pLuna to the LP of prism protocol farm. The graph below shows this current flow from the beginning.
As can be seen, the highest inflow was on February 15 and March 8.
Now let's take a look at the price changes of pLuna in this period. The graph below shows us this.
The inflow to the pool seems to have been one of these influential flows because we understand with a little care that shortly after the large inflows the impact on the price of the pool is visible. In fact, more entry of this token derived into the pool has a direct impact on value. It has had and also its exit shows a negative impact.
Now we want to look at the derived yLona token and examine the effect of the input flow to the stake pool on the value of this token.
The graph below shows the input flow of this token to the stake pool
Well, let's see how the price of this token has changed in this time period. The graph below tells us this.
As can be seen, the increase in input flow has increased the value and users have preferred to convert their Luna tokens to yLUNA and stake them.
conclusion
The goal of the Prism project seems to be for Terra network users to expose their assets to Luna in the high-risk markets of Defai, whose their assets are at risk at all times, by converting them into derivative tokens and depositing them in this project. Preserve their assets and expose them to tokens that are directly liquid and can benefit from their sale.