Prism Bridges
Prism Network is the first to enable cross-parachain trading via its native bridges, access to which is granted by the Prism token.
Prism's Launchpad and partner pairs benefit from being a part of the ecosystem by having instant access to assets and services which may not be readily available on their native chain through the use of these bridges, reducing friction and giving their community and users the freedom to transact without having to worry about manually switching chains.
For example, with the Prism Bridges Prism and partners have easy access to a variety of DEXs in the Prism Network, regardless of what their native chain is. A side effect of this is that all DEXs in the Prism Network also benefit from increased volume as more users exchange and transact using the platform.
Here are examples of how a transaction might work using PRISM and its wrapped layer 2 versions, going from one token on its native chain to another token that exists only on the Polygon Network:
[BSC Token → bPRISM] → [mPRISM → Polygon Token]
The beauty of all this is that users are able to migrate chains with the click of a single button.
This function as a network bridge brings unprecedented utility to the Prism token, rewarding PRISM liquidity providers and minters as more users and projects utilize and become a part of the Prism Network.
The result of this is a network effect that compounds as more DEXs, projects, and users interface with Prism. In the future, we can see a host of decentralised exchanges adopting the Prism Network as a convenient means to transact value between parachains.
Up until now, Prism's cross-network integrations and utility is a market that has been untapped. As the first of its kind, Prism sets the standard for a cross-network utility token and will only continue to further innovate upon this initial concept.
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