The thesis · live

The Flywheel

PRISM is a single token that is also its own Uniswap V4 liquidity position, so holding it earns trading fees. Around it run three products that all feed back into it: dstable, a yield-bearing dollar; Spectrum, an onchain index launchpad; and the PRISM pool itself. Every fee they make either pays holders or buys and burns supply.

PRISM
scarcer claim,
bigger stream
1Indexes created
2Fees generated
3PRISM bought & burnt
4PRISM volume
5PRISM fees
6Yield / PRISM
01

The token is the position

PRISM is the first ERC-20 that is also its own Uniswap V4 LP share. There is no wrapper and no staking layer. Hold the token and you own a slice of the pool, so every swap fee accrues to you in real time.

100% of the Prism pool's LP fees go straight to holders. Holding is earning, and you can claim whenever you like.

Lifetime yield to holders
Projected 1-yr / PRISM
at the current run-rate
02

Three products, one engine

dstable is the money. Spectrum is the index launchpad. The Prism pool is the token's own market. They look separate, but they run on one engine and point at one place: PRISM.

dstable
the money
20% of yield → buy & burn
Spectrum
index launchpad
10% of fees + 90% of auctions → buy & burn
Prism pool
its own market
100% of LP fees → holders
All Indexes
live on Base
Index fees generated
60% to holders, the rest burns
03

Every fee becomes a burn

A slice of every product's revenue buys PRISM on the open market and sends it to the dead address. On Ethereum, Spectrum deploys and dstable yield fund the burn. On Base, index fees pool up and bridge over to do the same.

Burned PRISM is gone forever. There is no mint function, so supply can only move one way.

PRISM burned
of 5,000 hard cap
Waiting to buy & burn
pooling on the Base bridge
04

The loop tightens itself

Yield and fees get spent buying PRISM, and the PRISM they buy is burned. Live supply falls, so every remaining holder's share of the fee stream rises. PRISM becomes a scarcer claim on a bigger stream.

That is exactly when more people want it, and a stronger PRISM pulls more products onto the system, which sends more flow, which burns more supply. The more the ecosystem does, the less PRISM there is.

1Indexes created
2Fees generated
3PRISM bought & burnt
4PRISM volume
5PRISM fees
6Yield / PRISM
05

Supply only goes down

PRISM is hard-capped at 5,000 tokens and every burn is permanent. Revenue up, supply down. Each burn makes every PRISM left own a bigger slice of a growing pie.

Burned of cap
burned5,000 cap

One hook. The whole ecosystem.

PRISM is the Uniswap V4 hook beneath dstable, Spectrum's indexes, and its own market. Every fee in the system converges on one token.