At the time of writing, the proposal for re-enabling borrowing on Prisma received 100% “Yes” votes from participating DAO members, signaling strong community support for the cause.
Prisma Finance has devised a plan to safely unpause the Prisma protocol, which was halted on March 28 after it suffered a hack of $11.6 million. Re-enabling borrowing on Prisma will require consensus through an ongoing vote.
On April 3, Prisma Finance core contributor Frank Olson proposed a way to “safely” unpause the Prisma protocol and re-enable the ability for users to deposit liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) and borrow overcollateralized stablecoins.
The Prisma DAO subsequently launched a four-day governance vote the next day, which will end on April 7. According to Olson:
