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Divide Pryzm Protocol into Liquid Staking and Yield Protocols #12927

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merged 1 commit into from
Jan 10, 2025

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madrezaz
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This PR intends to break the Pryzm Protocol into two Protocols: Liquid Staking and Yield.

Pryzm provides a great set of features as a layer-1 appchain. It is specially crafted for yield trading and interest rate derivatives for any yield-bearing asset on any chain. In order to provide native yield-bearing assets of the native tokens of Cosmos-based chains, Pryzm also provides a liquid staking module, which can be used independently or used in the yield trading.

This PR separates the current Pryzm Protocol TVL, which is calculated using all locked tokens on chain, and introduces the pryzm liquid staking protocol.

Name (to be shown on DefiLlama):

Pryzm Liquid Staking

Twitter Link:

https://x.com/Pryzm_Zone

List of audit links if any:

https://skynet.certik.com/projects/PRYZM

Website Link:

https://pryzm.zone/
https://app.pryzm.zone/

Logo (High resolution, will be shown with rounded borders):

https://github.com/cosmos/chain-registry/blob/master/pryzm/images/pryzm-logo.png

Current TVL:

4.60M

Treasury Addresses (if the protocol has treasury)

pryzm1g4sdudrmuf75f903nnnukn7zm6yhp7qjs73xw8

Chain:

Pryzm

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)
Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)
Short Description (to be shown on DefiLlama):

Liquid staking of native tokens for Cosmos-based chains.

Token address and ticker if any:
Category (full list at https://defillama.com/categories) *Please choose only one:

Liquid Staking

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):
Implementation Details: Briefly describe how the oracle is integrated into your project:
Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:
forkedFrom (Does your project originate from another project):
methodology (what is being counted as tvl, how is tvl being calculated):

Count the total minted liquid staked tokens, multiply them by the LST exchange rate with the underlying asset, and add it in terms of that underlying asset.

Github org/user (Optional, if your code is open source, we can track activity):

https://github.com/pryzm-finance

@llamabutler
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The adapter at projects/pryzm-protocol exports TVL:

pryzm                     1.41 M

total                    1.41 M 

@madrezaz
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Respective change also applied on DefiLlama/defillama-server#8963

@llamabutler
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The adapter at projects/pryzm-protocol exports TVL:

pryzm                     1.27 M

total                    1.27 M 

@waynebruce0x waynebruce0x merged commit 63a9293 into DefiLlama:main Jan 10, 2025
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3 participants