The current real-time price of MKUSD is $1.001. In the past 24 hours, MKUSD has traded between $0.9969 and $1.005, showing strong market activity. The all-time high of MKUSD is $1.49, and the all-time low is $0.8755.
From a short-term perspective, the price change of MKUSD over the past 1 hour is , over the past 24 hours is +0.07%, and over the past 7 days is -0.05%. These figures provide a quick overview of the latest price trends and market dynamics of MKUSD on LBank.+0.03%
The live price of MKUSD today is $1.001, with a current market cap of $245.472K. The 24-hour trading volume is 865.37. The price of MKUSD to USD is updated in real time.
Before deciding whether to buy or sell MKUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MKUSD technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MKUSD.
How much will MKUSD be worth tomorrow, next week, or next month in ? What about your MKUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MKUSD Price Prediction
To learn more about MKUSD, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x6225...e21d4a  | 69,145 | 28.2% |
ethereum | 0x1ab3...e1a5ad | 54,987 | 22.42% |
ethereum | 0x0c73...0be108 | 28,320 | 11.55% |
ethereum | 0xed8b...9993ba | 20,974.99 | 8.55% |
ethereum | 0xc895...3db270 | 11,822 | 4.82% |
Other | 59,978.21 | 24.46% |
Prisma Finance is currently in a deprecation or "sunset" phase following a protocol exploit in early 2024. The project is transitioning to a new ecosystem called Resupply (RSUP). To encourage users to migrate or close their positions, the DAO has significantly increased interest rates on existing vaults. Users are advised to transition their assets to avoid high borrowing costs and to participate in the new protocol's incentives.
Users can exit their positions by utilizing the Peg Stability Module (PSM) to burn mkUSD in exchange for other stablecoins at a 1:1 ratio. Borrowers with active vaults should repay their debt and close their positions through the official dashboard. Taking these steps is essential to avoid the high interest rates implemented during the protocol's wind-down and to ensure the safe recovery of deposited collateral.
Holders of locked vePRISMA are being incentivized to break their locks to participate in the transition to the Resupply protocol. Although breaking a lock early typically results in a penalty, the Resupply project intends to distribute RSUP tokens to affected holders. This airdrop is designed to help offset the penalty losses and encourage the community to migrate their governance participation to the new platform.
mkUSD is minted by depositing Liquid Staking Tokens (LSTs) or Liquid Restaking Tokens (LRTs) into a specialized Vault. Users must maintain a minimum debt of 2,000 mkUSD. While the collateral is locked in the vault, it continues to earn its native staking rewards. This allows users to access liquidity through mkUSD while maintaining exposure to their underlying staked assets, subject to minting fees and ongoing interest.
The redemption mechanism allows any user to exchange mkUSD for the underlying collateral at a face value of $1. These redemptions are automatically fulfilled by the vaults with the lowest collateralization ratios in the system. Consequently, even if a vault is not facing liquidation, its collateral may be reduced if it is among the most under-collateralized relative to the rest of the protocol.
While both tokens are part of the same ecosystem, they are backed by different types of assets. mkUSD is primarily backed by standard Liquid Staking Tokens (staked ETH). In contrast, ULTRA is a stablecoin backed by Liquid Restaking Tokens (LRTs), which represent assets restaked through specialized security layers to generate additional yield and utility beyond traditional liquid staking.
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