Prisma Finance Launches Prisma Grant Program Pilot to Boost Ecosystem Development
The funding structure includes rapid grants (below 20,000 mkUSD), community grants (20,000-100,000 mkUSD), and large grants (exceeding 100,000 mkUSD).
![image Alex](https://image.coinlive.com/24x24/cryptotwits-static/3a11cdc0811cb1966908be0d48c0f13d.png)
The funding structure includes rapid grants (below 20,000 mkUSD), community grants (20,000-100,000 mkUSD), and large grants (exceeding 100,000 mkUSD).
Tether, the world's leading stablecoin issuer, is undergoing a leadership shift, with Paolo Ardoino set to become the CEO in December 2023.
The primary function of the Frax Protocol is to maintain the FRAX price at $1.000 by using AMO contracts, real-world assets (RWAs), and governance actions facilitated by frxGov, leveraging USD oracles as a reference.
A new breed of app-specific stablecoins could be just what DeFi needs.
BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month.
The main idea is in LLAMMA: replacing liquidations with a special-purpose AMM.
How will this $150 billion industry evolve?
Although USDC is the second largest Stablecoin, it is the most used on-chain Stablecoin in the Crypto space.