Blockchain asset exchange platform ShapeShift has introduces trustless portfolio market platform ‘Prism’ that is built entirely upon Ethereum-based smart contracts.
Prism platform enables humans and machines to acquire exposure to portfolios of digital assets without trusting a counterparty. The Prism portfolios are customizable in size, allocation as well as in duration, the release stated. Prism can be acquired by Ethereum wallet as the tool, and Ether as the collateral.
“The Prism portfolios are fully-collateralized by both parties, so there is no risk of non-performance. Risk is herein minimized: with trust placed in objective open-source code, instead of upon the subjective whims of a human counter-party,” Erik Voorhees, CEO and co-founder of ShapeShift AG, said in the release.
Built on Ethereum-based smart contracts, Prism enables investors to build a crypto-portfolio with a broad range of cryptocurrencies to choose from including bitcoin, Litecoin, Monero, and Ripple. The company said that it has used its proven model from the ShapeShift design to build Prism.
With Prism, users can learn from top traders and copy their portfolio choices as well by visiting the public Prism performance leaderboards. The company stated that it is planning to bring Prism product to Rootstock (RSK) on Bitcoin in the near future.
