The LSD stablecoin protocol Prisma Finance has supported cbETH as collateral. Users can obtain the original over-collateralized stablecoin acUSD by mortgaging cbETH. At the same time, the pledge income of cbETH can repay the borrowed acUSD through the self-repayment mechanism, gradually reducing the liquidation ratio and balancing the borrowing rate. Foresight News previously reported that Prisma Finance completed a round of financing in June. The specific amount was not disclosed. Curve Finance founder Michael Egorov and others participated in the investment.
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