Pryzm’s modular architecture is central to its functionality, allowing for a highly adaptable and robust decentralized finance ecosystem. This document provides an in-depth look at the core and third-party modules that define the Pryzm network.
Functionality : Provides interchain liquid staking for cosmos-based chains’ native tokens and minting cASSET as the LSD.
Functionality : Manages assets eligible for refraction and trading on Pryzm.
Functionality : Enables the refraction of supported assets into pASSET and yASSET, allowing for the merging and redemption of these assets.
Functionality : Facilitates the staking of yASSETs to earn rewards through staked assets.
Functionality : Supports various automated market maker models, enabling the creation, management, and interaction with liquidity pools.
Functionality : Provides incentives for token holders participating in the system.
Functionality : Allows cASSET and pASSET holders to participate in governance of their asset’s native chain by mirroring proposals on PRYZM.
Functionality : Manages the collection and scheduling of actions on collected fees.
Functionality : Controls the minting and distribution of PRYZM tokens.
Functionality : Provides generic oracle functions where modules can integrate oracle services by providing a vote callback.
Functionality : Facilitates token swaps within a defined period.
Functionality : Provides on-chain timers for other modules to execute code during specific times.
Functionality : Allows the minting of new tokens in user-defined subdenominations.
Functionality : Enables smart contracts on the chain.
Functionality : Allows full customization of blocks using application logic; also processes MEV bundled transactions.
Functionality : Facilitates yield trading between blockchains.
Functionality : An IBC middleware enabling the chain to route incoming IBC packets from a source chain to a destination chain.
Functionality : An IBC middleware that enables ICS-20 token transfers to initiate contract calls.
Functionality : Prevents massive inflows or outflows of IBC tokens in a short time frame as a safety control.
Description : These modules interact seamlessly to provide a comprehensive DeFi ecosystem, enhancing both the functionality and security of the Pryzm network.
Challenge : Integrating diverse modules while maintaining high performance and security.Solution : Rigorous testing, community feedback, and continuous development to refine and enhance module functionalities.
Pryzm’s modular architecture provides the foundation for a dynamic and scalable DeFi ecosystem, making it a key player in the advancement of decentralized finance.
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