We are extremely excited that our public web app is now live at app.pryzm.zone!
This soft launch features a small amount of testing liquidity, offering a unique opportunity to get in early. While we haven’t activated liquidity incentives yet, early users are already enjoying top organic yields on ATOM, INJ, OSMO, and LUNA. Get ready — once incentives are introduced, liquidity will surge, leading to even more rewards for early adopters. Dive in now and be prepared for when the real fun begins!
We are already seeing some very interesting trades, and the community is learning how to do arbitrage and relative value trades between CT-PT-YT-LP-underlying tokens to take advantage of high yields. Join our Discord to see some of the profitable trades users are making. You can see top yields and prices on our Dashboard
Bootstrapping Campaign
We will shortly be launching a campaign to heavily reward early users. This will likely involve rewarding liquidity providers, YT holders and those referring friends. We strongly recommend that if you wish to participate, you use this time to try out the webapp so you are familiar with the flows. You will be earning points from day 0, so make sure to jump into Discord and ask any questions to maximize the opportunity.
Airdrop Update
Anyone who has earned an airdrop will shortly be able to see the amount they have earned in their Pryzm wallet (announcement to follow). For StakeDrop holders, your tokens will be released before the $PRYZM token is launched on our DEX, allowing you to be the first to trade the token, provide liquidity with it, refract it (yes yPRYZM and pPRYZM), or stake it to earn the rewards currently accumulating in the treasury.
A fun fact is that currently staking rewards are being redirected to the treasury, so StakeDrop holders are already earning Pryzm chain inflation and revenue. After the Pryzm token launches, StakeDrop holders will be able to stake Pryzm tokens and vote on what happens with the accumulated treasury rewards. You can learn about the powerful Treasury module here
ATOM Holders
$ATOM is unique in that the Cosmos Hub has the Liquid Staking Module, which means you can instantly move $ATOM you have delegated over to Pryzm without having to wait 21 days or lose out on any staking rewards. You can try this out on Pryzm’s liquid staking page. ATOM is also a gas token on Pryzm, and you can earn the highest real yield on your ATOM on Pryzm at the moment.
UX Improvements
We are making some UX improvements based on helpful feedback we’ve received from the community since launch. Expect changes to how you provide liquidity, leave orders and DCA, flowtrade gradual auctions, descriptions, and more. Please keep the feedback coming.
User Guides
We are developing documentation, videos, and other materials to help users fully understand Pryzm and how to use it profitably. Additionally, our community has initiated a project aimed at enhancing everyone’s Pryzm “IQ”, which we call the @RefractedIndex. You can find them on Twitter, and they will also be active in a Discord channel where people can share alpha strategies with one another.
AUUU Airdrop
@RefractedBeasts will soon be airdropping $AUUU tokens to users that have been helpful to Pryzm along the way. This includes StakeDrop holders. For testnet and zealy participants, your AUUU airdrop will be a multiplier on top of how much liquidity you are providing to the 4 major pools on the DEX. This helps filter against Sybils and means more rewards for real users. AUUU is not just a meme token; it can be staked to earn yield, it can be used as gas on Pryzm, and it will also be enabled for yield trading. We expect there to be trading competitions, and winners will be able to convert their AUUU tokens into PRYZM tokens and potentially @RefractedBeasts NFTs in the future. There will be a snapshot taken soon of liquidity providers.
Trading Competition
Alpha alert! We’re launching a trading competition with prizes up for grabs. Get your ATOM ready and be part of the action. Instantly convert your delegated ATOM to cATOM LST so that you can participate in yield trading. This is your chance to earn additional Pryzm by showcasing your trading skills. Make sure to follow @RefractedBeasts for updates!
Final Note
StakeDrop participants are still earning tokens each week. Please make sure to register your wallet at airdrop.pryzm.zone where you want to receive your Pryzm airdrop. You will also earn AUUU tokens, and we will be offering additional airdrop programs to StakeDroppers that continue to support Pryzm. Please join the chat in Discord, as we’d like to hear your perspectives on rewards and benefits given your key role in supporting Pryzm so far.
How to Maximize Your Chances of Earning Tokens
- Add Liquidity on Mainnet & Earn Underlying Yield & Swap Fees: You only need $ATOM, $INJ, $OSMO, or $LUNA to do this. Users who have participated in testnet and Zealy will receive a boost on the points they earn for providing liquidity. See Pryzm Pools.
- Share Your Best Trades: Post your best Pryzm trades on Twitter with a video of the trade and the hashtag #PryzmAlpha.
- Join the Discussion in Discord: Participate actively, share alpha, and earn XP.
- Trade on Mainnet: Prepare for the bootstrapping campaign and trading competitions with prizes. Make sure you hit the ground running and don’t get left behind. See Pryzm Swap.
- Convert Delegated ATOM to cATOM: Instantly convert your delegated ATOM to cATOM and use it in Pryzm for yield trading. See Pryzm Liquid Staking.
- Educate Your Friends and Followers: Spread the word about Pryzm; they can credit you as their referrer.
- Get an ICNS Name: This will be important for future airdrops (though not required for StakeDrop). See ICNS.
Potential Rewards
- Photons: Pryzm’s loyalty points rewards system which will convert to PRYZM tokens.
- AUUU Tokens: Follow @RefractedBeasts.
- PRYZM Tokens
- Refracted Beasts NFTs: Follow @RefractedBeasts.
- Exclusive Access to Community Trading Groups
- Achievement Airdrops for Apex Refractors and StakeDroppers: More details to come soon.
