the first dapp is now live on prism testnet.
prism rwa futures now live at:
142.93.127.197.sslip.io/trad…
so here are a few things i wanted to share (please read these very carefully):
prism protocol now operates multiple tools and products.
the website will be very smooth and very user friendly in V5 and a user wont be confused or exhausted because we are neatly restructuring it.
the real trading and transactions occur on the site:
prismassets.shop only
and the other link is for testnet.
so whats the difference?
testnet is where we test dapps first before migrating them into Prism chain mainnet.
the real product stays at:
prismassets.shop
testing happens on testnet:
142.93.127.197.sslip.io/trad…
so here's how it works in simple words:
- people trade on prism protocol
- we test the products on testnet for prism L3 compatibility
- products will be migrated to prism mainnet
- people continue trading on prism protocol as usual
for a user, testnet makes no difference because they can continue using prism as usual.
so does a user need to bridge funds to Prism mainnet?
no, you can keep trading exactly like how you used to do it before.
but
$PRISM is on robinhood and the asset is on another chain, how is gas paid?
your
$PRISM tokens will automatically get locked in a vault on Robinhood Chain, and the Prism chain credits you the same amount to spend on fees (1:1 escrow)
for example, it's like paying cash and receiving chips in return to play with in a casino, but everything is automatic and you dont have to do anything.
what if a user doesnt have
$PRISM and we dont want to push them to mandatorily own it to use the protocol?
they pay the gas in native tokens and we pay the equivalent gas in
$PRISM so that a user doesnt have to touch
$PRISM at all while the equal amount of gas in
$PRISM is spent too
i hope this clears 90% of your doubts haha
letsgoooooo, pls lemme know if you dont understand anything at all.
nitter.net/prismassets/status/210…