Overview
Claim and deposit at yprisma.yearn.fi
What is yPRISMA?
yPRISMA is Yearn's latest veToken wrapper, built on top of Prisma Finance. Importantly, yPRISMA:
- Is a token that represents 1 vePRISMA max-locked to Yearn
- Is not redeemable for PRISMA
- Has no transfer restrictions and can always be swapped in DEX pools.
Governance for Prisma is controlled by vePRISMA, a locked token position that grants users voting power, fee revenue, and boosted PRISMA emissions.
Because all PRISMA emissions come as locked vePRISMA, it is often inconvenient for users who want to avoid managing their position or want to cash out. yPRISMA aims to offer users a tokenized version of this position, giving them instant liquidity and auto-managing governance participation to maximize yield.
With built-in boost delegation coming soon, users who hold yPRISMA will be able to boost their yields on any of their positions within the Prisma ecosystem, including:
- Prisma Vaults (CDPs)
- Stability Pool
- Curve / Convex Farming
- Yearn Farming (coming soon!)
How do I obtain yPRISMA?
There are many ways to get yPRISMA:
- Claim your PRISMA airdrop directly to yPRISMA
- Claim your emissions directly from yPRISMA from prismafinance.com more info here
- Mint 1:1 directly from PRISMA tokens
- Buy yPRISMA from the Curve pool
Why would I claim my emissions as yPRISMA?
There are several key reasons to claim your emissions as yPRISMA instead of locking yourself.
- When minting yPRISMA, you also get to use Yearn's boost, which is among the highest of all lockers.
- yPRISMA is minted 1:1 against your max locked claim amount.
- yPRISMA is fully transferrable and can be swaped on DEXes like Curve, or staked for benefits in the ecosystem.
How can I claim my emissions as yPRISMA?
Browse to https://app.prismafinance.com/rewards
Select "Lock All"
In the modal, choose "Liquid Lockers"
Tick the checkbox for Yearn's
yprisma.ethdelegator and press "Confirm".
When the transaction is complete, congratulations! You now have yPRISMA tokens in your wallet!
What can I do with my yPRISMA?
Until Prisma governance begins distributing fee revenue, the best thing to do with your yPRISMA is to farm wstETH or dYFI yield on yprisma.yearn.fi.
Addresses
| Name | Address |
|---|---|
| yPRISMA | 0xe3668873d944e4a949da05fc8bde419eff543882 |
| yPRISMA Locker | 0x90be6DFEa8C80c184C442a36e17cB2439AAE25a7 |
| yPRISMA Staking (wstETH rewards) | 0x774a55C3Eeb79929fD445Ae97191228Ab39c4d0f |
| yPRISMA Staking (dYFI rewards) | 0x93283184650f4d3B4253ABd00978176732118428 |
| yPRISMA LP Staking | 0x6806D62AAdF2Ee97cd4BCE46BF5fCD89766EF246 |
| yCRV Staking | 0x84c94d739e075b3C7431bdb1A005F0412DF828a5 |