Understanding cvxPRISMA

Information regarding the cvxPRISMA and how to use it in Convex Finance

cvxPRISMA is tokenized vePRISMA

  • If a user deposits Prisma into Convex, that Prisma is locked forever on the platform as vePRISMA.

  • A tokenized version of vePRISMA, cvxPRISMA, is returned to the user at a 1:1 rate.

  • cvxPRISMA conversion is unidirectional. Liquidity pools may exist that allow users to swap cvxPRISMA for Prisma tokens.

cvxPRISMA Staking

  • cvxPRISMA can be staked on Convex to receive a portion of fees one would get for staking their vePRISMA on Prisma Finance, as Prisma.

Additionally, users staking cvxPRISMA may receive the platform native token CVX.

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