MKUSD is a decentralized stablecoin, fully collateralized by liquid staking tokens. It is part of the Prisma decentralized borrowing protocol, which is non-custodial, immutable, and censorship-resistant. MKUSD offers a mechanism for users to mint a stablecoin by depositing specific liquid staking tokens in a vault. The minted MKUSD can then be used on other DeFi platforms or exchanged back for liquid-staking tokens. This system offers users a versatile and secure way to engage with the broader DeFi ecosystem.
