PRYZM

What is PRYZM?

PRYZM is a Layer 1 blockchain built on the Cosmos SDK, designed to optimize yield management by enabling users to deconstruct tokens into their fundamental components. This allows for customized exposure to yield, price, and governance, providing a flexible approach to decentralized finance (DeFi) participation.

Core Features

• Yield Tokenization: PRYZM allows users to separate the yield component from the principal of yield-bearing assets, facilitating targeted investment strategies.
• Interchain Liquid Staking: Through the icstaking module, users can stake native tokens from various Cosmos-based chains, receiving liquid staking derivatives (cASSETs) in return.
• Refractor Module: This feature enables the decomposition of assets into principal (pASSET) and yield (yASSET) components, which can be independently traded or staked.
• Governance Participation: PRYZM supports on-chain governance, allowing token holders to propose and vote on protocol upgrades and changes.

Native Token: PRYZM

The PRYZM token serves multiple functions within the ecosystem:

• Transaction Fees: Used to pay for network transactions and operations.
• Staking: Holders can stake PRYZM tokens to secure the network and earn rewards.
• Governance: Enables participation in the decision-making processes of the PRYZM protocol.

Integration with Cryptoworth

PRYZM integrates with Cryptoworth to provide users with enhanced financial clarity in their digital asset accounting workflows. Through this integration, users can efficiently track, categorize, and report their PRYZM transactions, ensuring accurate financial reporting and compliance with accounting standards.

Getting Started

1. Install a compatible wallet, such as Keplr, and connect it to the PRYZM network.
2. Acquire PRYZM tokens through supported exchanges or participate in staking activities.
3. Explore PRYZM's DeFi features, including yield tokenization and interchain staking.
4. Utilize Cryptoworth to monitor and manage your PRYZM holdings for streamlined accounting and reporting.

For more information, visit the PRYZM website.