Overview
DeltaPrime is a DeFi prime brokerage platform on Avalanche and Arbitrum, currently paused following an attack on its Saving pools. The protocol emphasizes trustless borrowing, flexible investment strategies, community-centric tokenomics, and robust security measures.
Platform Status
- DeltaPrime operations are currently paused due to an attack on the Saving pools.
- No liquidity is currently unlocked; protocol deposits total $11,366,326.53.
Core Features
- Offers trustless, transparent prime brokerage services for decentralized finance (DeFi).
- Enables users to deposit and earn high APYs securely.
- Allows up to 5x collateralized borrowing and supports various investment strategies.
Prime Account
- Uses unique escrow smart contracts for truly trustless borrowing.
- Investors can leverage up to 6x to access flexible investment strategies.
- Investments are limited to whitelisted, blue-chip protocols.
Savings Pools
- Users can deposit funds into savings pools within seconds.
- Promises up to 12% APY on interest generated from borrowed funds.
Token Information
- PRIME is a tradeable DeFi token with adaptive emissions, community-centered tokenomics, and reduced volatility/inflation aims.
- sPRIME is the main utility token, used for platform features, earning governance, and receiving a share of liquidation fees.
Partnerships & Integrations
- Integrated with several notable partners to enable new strategies and increase ecosystem liquidity.
- Backed by industry names such as 4SV, Absoluta Digital, Avalanche, GSR, and others.
Security
- Smart contracts have undergone 7 audits for protocol-level security.
- Audited by firms including PeckShield, Chainalysis, FC Shield, Hexagate, and Atomica.
Community & Resources
- "Burd's Log" provides educational content, guides, and updates about DeFi developments.
- The platform's story is inspired by resilience, symbolizing innovation forged "in the fires" of Mount Etna.
Decisions
- Pause DeltaPrime operations: Operations halted due to an attack on Saving pools.
Action Items
- TBD – DeltaPrime Team: Address and resolve the security breach on the Saving pools.