OpenEden, FalconX, and Monarq jointly launch the tokenized yield investment portfolio PRISM

GateNewsBot
Source: PANews
ETH-0,66%

PANews January 23 News, according to the official blog, OpenEden, FalconX, and Monarq jointly announced the upcoming launch of the tokenized yield investment portfolio PRISM. The product aims to achieve stable returns during market cycles and maintain low correlation with cryptocurrency prices through a multi-strategy quantitative model actively managed by Monarq. PRISM’s investment strategies include buy-sell arbitrage, over-collateralized lending for institutional counterparties, participation in mature on-chain yield platforms, and allocation of regulated tokenized real-world assets including US debt-backed assets. Returns will be distributed via a staking mechanism, where users can stake PRISM to receive xPRISM, a value accrual token reflecting the portfolio’s performance over time. The product is currently based on the Ethereum network and will gradually expand to more networks. PRISM has a limited pre-deposit activity before launch.

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