Prismata Prismata Beta โ€” 0% Fees
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What is Prismata?

Bundle trading on Uniswap V4. Build a diversified crypto position in one transaction.

The Friction You Already Know

You've bought tokens before. You know what it costs โ€” not just in ETH, but in time and attention.

Every token is a decision. Every decision is research. Every purchase is a transaction with its own gas fee. Building a diversified position means doing this over and over, and by the time you're done, you've spent more on the process than some of your positions are worth.

So most portfolios aren't diversified. They're concentrated. One token, maybe two. It feels simpler. It feels like conviction.


What If Concentration Is the Problem?

There's a reason traditional finance invented index funds, ETFs, and portfolio theory. Exposed to one asset, you're exposed to one outcome. If it fails, you fail with it.

Single Token vs. Diversified Bundle
1 Token
-100%
vs
10 Tokens
-10%

But diversification in crypto is expensive and tedious. So people don't do it. They pick a token, go heavy, and hope.

This feels like a strategy. Historically, it isn't.


The Research

In 1958, economist W. Braddock Hickman published a study through the National Bureau of Economic Research that changed how Wall Street thought about risk.

๐Ÿ“Š
Corporate Bond Quality and Investor Experience
W. Braddock Hickman, NBER, 1958

Hickman analysed decades of corporate bond performance from 1900โ€“1943 and found something counterintuitive: diversified portfolios of low-grade "junk" bonds outperformed concentrated portfolios of high-grade "safe" bonds.

The reason was mathematical. High-risk bonds paid higher yields. Some defaulted โ€” but when the losses were spread across many positions, the yield premium more than compensated.

Why Diversified High-Risk Outperforms
Yield Premium
+12%
Default Losses
-4%
Net Return
+8%
When spread across many positions, the premium exceeds the losses
๐Ÿ“ˆ
Lower-Grade Bonds: Their Risks and Returns
Marshall Blume & Donald Keim, 1987

Nearly thirty years later, Blume and Keim confirmed Hickman's findings with modern data. Their analysis of high-yield bonds from 1977โ€“1986 showed that diversified portfolios of low-grade bonds delivered higher risk-adjusted returns than investment-grade alternatives.

This research became the foundation of the modern high-yield bond market. Michael Milken built an empire on it. Every junk bond fund since has operated on the same principle.

Diversified risk, across many positions, with sufficient yield premium, beats concentrated safety.

The Cost of Waiting

Every hour spent researching the "right" token is an hour you're not in the market.

Every decision to wait for conviction is a decision to miss whatever's moving now.

Crypto is volatile. Moves happen fast. The cost of being wrong on one token is obvious. The cost of not being exposed at all is invisible โ€” but it's real.

Concentration feels like discipline. Often, it's just friction dressed up as strategy.


A Different Approach

What if you stopped trying to pick winners?

What if instead you built diversified positions quickly and cheaply, and let the market reward exposure?

One transaction. Multiple tokens. Instant diversification.

Not predicting which token will move. Being positioned when something does.


Prismata

Prismata lets you buy a bundle of tokens in a single transaction. You set how much ETH to spend and how many tokens you want. Your ETH is split equally between them.

Tokens are selected randomly from a curated pool. You choose the risk profile โ€” CMC100 for established tokens, Shitcoin Jungle for high-risk plays, or Random for a mix.

Traditional vs. Prismata
10 Tokens (Traditional)
๐Ÿ”„ Swap to Token A
๐Ÿ”„ Swap to Token B
๐Ÿ”„ Swap to Token C
โ‹ฎ ... 7 more swaps
10 transactions ยท 10 gas fees
10 Tokens (Prismata)
โšก Bundle swap (all 10)
1 transaction ยท 1 gas fee

Sell back to ETH whenever you want. Or withdraw to your wallet as standard ERC20 tokens. No lock-ups, no vesting, no waiting.

Non-custodial. We never hold your funds. Your tokens are on-chain, owned by your wallet.


Risk

Diversification reduces risk. It doesn't eliminate it.

Token prices are volatile. Bundles can lose value. The Shitcoin Jungle bundle contains high-risk assets. The Prismata Relay contract is unaudited.

Only trade with capital you can afford to lose.

โš ๏ธ Important
Past performance of diversification strategies in traditional markets does not guarantee similar results in cryptocurrency markets. Crypto assets are significantly more volatile and less regulated than traditional securities. Read the full risk disclosure โ†’
References
Hickman, W. B. (1958). Corporate Bond Quality and Investor Experience. National Bureau of Economic Research. NBER โ†’
Blume, M. E., & Keim, D. B. (1987). "Lower-Grade Bonds: Their Risks and Returns." Financial Analysts Journal, 43(4), 26-33.