# Introduction

PRISM (OpenEden Multi Strategy Yield Token) is a synthetic, multi-strategy yield token issued by OpenEden Digital (“OED”), a Bermuda registered and licensed segregated accounts company (“SAC”). Users can stake PRISM to receive xPRISM, a yield-bearing token with yield derived from a multi-strategy approach that includes cash and carry arbitrage, overcollateralised lending, blue-chip DeFi yield strategies and U.S. Treasury-backed assets.

The strategy execution and management is outsourced to Monarq Asset Management (“Monarq”), a multi-strategy digital asset investment manager focused on generating consistent, risk-adjusted returns through all market conditions. Monarq is a National Futures Association (“NFA”) Member and registered with the Commodities Futures Trading Commission (“CFTC”) as a Commodity Pool Operator.

xPRISM utilizes an accrual token model (price compounding). PRISM is available in two token formats, each accruing value differently:

<table><thead><tr><th width="140.20001220703125">Token</th><th width="149.20001220703125">Balances</th><th>Price</th></tr></thead><tbody><tr><td>PRISM</td><td>Constant</td><td>Fixed (Soft target of 1 USDO)</td></tr><tr><td>xPRISM</td><td>Constant</td><td>Increases over time (accrual / price-compounding)</td></tr></tbody></table>