IntoTheBlock adds Prisma to DeFi Risk Radar
We are thrilled to announce the addition of Prisma to IntoTheBlock’s DeFi Risk Radar.
The DeFi Risk Radar is a DeFi analytics tool that offers an advanced set of risk management indicators for DeFi protocols, designed to shed light on the most relevant economic factors that can put DeFi at risk. This integration enables advanced risk analysis for the Prisma protocol.
What is Prisma?
Prisma is a DeFi protocol that introduces an innovative approach to decentralized borrowing, enabling users to generate a stablecoin, mkUSD, collateralized by liquid staking tokens.
The protocol further reinforces the security and integrity of loans through a Stability Pool composed of mkUSD, alongside a collective guarantee system involving the borrowers themselves. These safeguards work together to provide a resilient safety net under the liquidation procedures, offering users a well-structured and secure borrowing environment.
Greater Transparency into Economic Risk
The addition of Prisma to the Risk Radar platform shows the focus of Prisma to provide greater transparency into economic risks and strong risk management tools for its users
The DeFi Risk Radar for Prisma contains 11 risk indicators including mkUSD Collateralization Ratio, mkUSD peg monitor, historical slippage, DEX exit fee simulation and many more. All the data can be filtered by specific assets, such as rETH and cbETH.
You can find the DeFi Risk Radar for Prisma here — https://defirisk.intotheblock.com/metrics/ethereum/prisma
The integration of Prisma into the DeFi Risk Radar is a great milestone in our mission to deliver institutional-grade risk management tools to the DeFi industry. We invite you to explore the Prisma Risk Radar and discover the comprehensive risk insights it offers.
About IntoTheBlock
IntoTheBlock provides advanced analytics, DeFi services and risk management tools for the cryptocurrency industry. We leverage cutting-edge technology to deliver insights that help both retail and institutional investors navigate the complex landscape of digital assets. Our commitment to innovation ensures that our partners and users are always at the forefront of the latest developments in the industry.
