Trustworks partnership with Prism Network : Progress so Far
With staking pools, cross chain networking and smart contracts in mind, Trustworks clinched a brilliant new infrastructural partnership with Prism network. This partnership will see Prism Network farming be maximized as a service for supporting liquidity farming pools for Trustwork’s native token, TRUST.
The aim of this partnership is to bridge the gap between NFT and DeFi network, creating a driven model for both Trustworks and Prism communities. In other words, Trustwork is working with Prism network to set up a thriving NFT governance ecosystem for the benefit of both communities.
What makes this partnership very vital to both networks is that it would help the utilization of the strong points of both companies for the sustenance of cross-chain compatibility. In addition, the partnership gives users on both sides the opportunity to stake rewards and earn with their TRUST. This simple fact is a big boost to integration and utility in the ecosystem.
Prism was the best choice for a partnership because they are the central ecosystem utility token supported by the Uniswap DEF/ETH liquidity pool tokens utilized in their minting process. Additionally, Prism products are acquired using a form of Prism, establishing it as a must-have in its ecosystem.
The partnership would see five initial pools on the Prism network run for 12 weeks. A 24-hour pre-staking was kicked off on the 15th of May for an impartial pool launch. On May 16th, rewards were distributed by staking pool. Represented below is a list of staking pools available:
Evidently, the future is bright for both Trustworks and Prism network as the two communities is looking to import design patterns in the DeFi space and synchronize them into the NFT marketplace.
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