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
Summary
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Information
Exploit/Hacks
Several
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Tags: Lending
Key Metrics
- TVL: $64.1M (Rank #79)
- TVL Ranking by Lending: #0
- Blockchain: Avalanche, Arbitrum
- Chain TVL
- Avalanche: $48.02M
- Arbitrum: $16.06M
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 six months reduces technical risk as smart contracts are moderately 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