Prisma mkUSD (MKUSD) is a decentralized stablecoin fully collateralized by liquid staking tokens (LSTs) on the Ethereum platform. It is minted on the Prisma Finance protocol, a non-custodial and censorship-resistant borrowing platform. mkUSD is incentivized on Curve and Convex Finance, allowing users to receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards.
Prisma mkUSD (MKUSD) is a stable cryptocurrency token pegged to the US dollar, designed for use as a means of payment and value storage within the cryptocurrency ecosystem. It is part of the Prisma decentralized borrowing protocol, which allows users to mint mkUSD by collateralizing it with liquid staking tokens. This over-collateralized stablecoin is traded on various exchanges, including Curve and Balancer, and can be used for transactions and value storage.
To store Prisma mkUSD (MKUSD) tokens safely, follow these steps:
Set up a crypto wallet: Choose a reliable crypto wallet that supports the Ethereum network, such as Trust Wallet or MetaMask. Download the wallet's Chrome extension or mobile app from its official website.
Register and set up the wallet: Complete the registration process and set up your wallet. Make sure to keep your seed phrase safe and note your wallet address, which you will need later.
Transfer MKUSD to your wallet: Once you have purchased MKUSD, transfer it to your crypto wallet. Ensure you have the correct wallet address and network settings to avoid any errors.
- Store your private keys securely: Keep your private keys in a safe and easily accessible location. This will allow you to manage your MKUSD tokens and other assets within the wallet.
By following these steps, you can securely store your Prisma mkUSD tokens and manage them efficiently.
To buy Prisma mkUSD (MKUSD) tokens, you can follow these steps:
Decentralized Exchanges (DEXs):
- Curve (Ethereum): This is the most popular exchange to buy and trade Prisma mkUSD, where the most active trading pair is MKUSD/USDC.
- Uniswap V2 (Ethereum): Another popular option to trade MKUSD tokens.
- Balancer V2: This exchange also supports trading of MKUSD tokens.
Peer-to-Peer (P2P) Marketplaces:
- Symlix: This platform allows users to browse offers from other users and buy MKUSD tokens using various payment methods like Visa, Mastercard, and more.
Credit/Debit Card Purchases:
- Atomic Wallet: You can instantly buy MKUSD with credit or debit cards online, with low fees and fast transactions. They accept Mastercard and Visa, and offer 1% cashback.
MetaMask Integration:
- Add MKUSD to MetaMask: To view your token holdings and trade on decentralized exchanges, you can import MKUSD as a token by copying its contract address (0x4591dbff62656e7859afe5e45f6f47d3669fbb28) and importing it manually or using MetaMask's chrome extension.
Other Resources:
- Coinscan: This platform provides a list of exchanges and markets where you can buy Prisma mkUSD, along with a step-by-step guide on how to do so.
Before making a purchase, ensure you understand the fees, trading volumes, and market conditions to make an informed investment decision.
