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* add yprisma docs * improve grammar * Update farming.md * improve grammar * Update farming.md * Update overview.md * Update farming.md * Update overview.md * Update farming.md * Update farming.md * Update farming.md * Update farming.md * Update overview.md * Update overview.md * improve table * fix: wording * fix: links * fix: footer * fix: footer name --------- Co-authored-by: 0xBasic <[email protected]>
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# Introduction to Yearn PRISMA Incentives Farming | ||
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The Prisma Wars are officially underway, which means full steam ahead for yPRISMA: Yearn's newest tokenized locker product. | ||
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Yearn has claimed its PRISMA airdrop as yPRISMA and is preparing to distribute these tokens to yCRV users and yPRISMA LPs. | ||
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This post will outline exactly how that will work. | ||
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### What's happening with Yearn's veCRV Airdrop? | ||
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The roughly 280,000 yPRISMA tokens minted from Yearn's airdrop claim will be distributed across two simple staking contracts: yCRV and yPRISMA LPs. | ||
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If you are a user in the yCRV ecosystem, you may migrate your position by withdrawing to vanilla yCRV and depositing it into the new staking contract on https://yprisma.yearn.fi to earn yPRISMA rewards. | ||
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## What do I do with yPRISMA? | ||
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As the Prisma protocol continues progressing towards native yield distribution to vePRISMA lockers, Yearn has approved an incentive program for yPRISMA stakers. This will provide a direct source of yield for yPRISMA users while we wait for native fee distribution to go live on Prisma Finance. | ||
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When ready, any yPRISMA holder can stake to earn wstETH rewards. | ||
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## Rewards Breakdown | ||
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The breakdown of the scheduled events will be: | ||
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| Deposit Token | Reward Token | Reward Token amount | Start time | | ||
| ------------------------- | ------------ | ------------------- |-----------------------| | ||
| yPRISMA | wstETH | ? | Nov 9 @ 3:00 AM UTC | | ||
| PRISMA Early-user Airdrop | n/a | n/a | Nov 9 @ 9:00 AM UTC | | ||
| yCRV | yPRISMA | 200,000 | Nov 10 @ 12:00 AM UTC | | ||
| Curve PRISMA/yPRISMA LPs | yPRISMA | 80,000 | Nov 10 @ 12:00 PM UTC | | ||
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You can claim and deposit at https://yprisma.yearn.fi |
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# Overview | ||
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Claim and deposit at [yprisma.yearn.fi](https://yprisma.yearn.fi) | ||
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## What is yPRISMA? | ||
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yPRISMA is Yearn's latest veToken wrapper, built on top of Prisma Finance. Importantly, yPRISMA: | ||
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- 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. | ||
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Governance for Prisma is controlled by vePRISMA, a locked token position that grants users voting power, fee revenue, and boosted PRISMA emissions. | ||
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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. | ||
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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: | ||
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- Prisma Vaults (CDPs) | ||
- Stability Pool | ||
- Curve / Convex Farming | ||
- Yearn Farming (coming soon!) | ||
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## How do I obtain yPRISMA? | ||
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There are many ways to get yPRISMA: | ||
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- Claim your PRISMA airdrop directly to yPRISMA | ||
- Claim your emissions directly from yPRISMA from prismafinance.com | ||
- Mint 1:1 directly from PRISMA tokens | ||
- Buy yPRISMA from the Curve pool | ||
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## What can I do with my yPRISMA? | ||
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Until Prisma governance begins distributing fee revenue, the best thing to do with your yPRISMA is to farm wstETH yield on [yprisma.yearn.fi](https://yprisma.yearn.fi). | ||
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## Read More | ||
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- [Introduction to Yearn PRISMA Incentives Farming](https://docs.yearn.finance/getting-started/products/yprisma/farming) |
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