DeltaPrime
Lending
DeltaPrime is a leveraged farming platform that enables users to borrow assets to multiply returns on DeFi positions.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is DeltaPrime?
Ready to earn 15% yield or more with Exponential ?
Information
Exploit/Hacks
Several
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Tags: Lending
Key Metrics
- TVL: $18.6M (Rank #145)
- TVL Ranking by Lending: #0
- Blockchain: Avalanche, Arbitrum
- Chain TVL
- Avalanche: $13.51M
- Arbitrum: $5.09M
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by several experienced auditors; PeckShield and Chainsulting
- Public team promotes accountability
- Several documented protocol hacks
Protocol Maturity
- Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 10% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- Timelock is less than 48hrs, which provides users with less time to exit if any malicious upgrades are approved
- No governance token and/or contracts are fully immutable
Protocol Design
- No death spiral concerns
- Robust controls to mitigate oracle price manipulation
- Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
- Solid controls in place to prevent risky borrowing
- Robust mechanisms in place to ensure healthy liquidations
- Solid methods to accrue protocol reserves
Things to know about DeltaPrime