June 27, 2024 — DeltaPrime, a decentralized borrowing and investing platform built on Arbitrum and Avalanche, has unveiled its Token Generation Event (TGE) scheduled for July 1st on Uniswap and Trader Joe. The launch introduces two innovative tokens: $PRIME and $sPRIME, designed to revolutionize DeFi governance, utility, and revenue sharing.
A Dual-Token Architecture for Sustainable Growth
$PRIME serves as the primary tradable token within the DeltaPrime ecosystem. As a standard ERC20 token, it can be freely traded on open markets, used in liquidity pools on decentralized exchanges (DEXs), and transferred between wallets. By pairing $PRIME with assets like AVAX or ETH in liquidity pools through the DeltaPrime app, users can mint $sPRIME — a concentrated LP token that doubles as a governance and revenue-sharing tool.
$sPRIME holders who actively contribute to the platform’s growth receive 33% of the protocol’s total revenue (Q1 2024 revenue reached $1.65 million), with another 33% allocated to the treasury for development and 33% to insurance funds. This model ensures that users who support liquidity are directly rewarded. Additionally, $sPRIME grants voting rights in platform decisions, enabling a truly community-driven governance structure. Users must hold a 10:1 ratio of $sPRIME to protocol usage (as borrowers or lenders) to earn governance points.
The emission rate of $PRIME is dynamically calibrated based on market conditions: supply increases during high demand and buybacks occur when demand weakens. However, $PRIME is not a stablecoin and remains subject to price volatility.
Security and Audits: A Multi-Layered Approach
DeltaPrime prioritizes user fund security with a comprehensive suite of measures: borrowed funds can only be used on whitelisted protocols and tokens; insolvency is prevented through liquidation bots that monitor loan health; and users cannot exit without repaying loans. The platform is preparing for its seventh successful audit, and an insurance fund covers depositors in the unlikely event of multiple on-chain check failures.
Financial strength is evident: Q1 2024 protocol revenue exceeded $1.5 million, and the community Seed round on ColonyLab was 58% oversubscribed. A significant LTIPP grant of 750,000 ARB — matching grants received by established platforms like Lido and Aave — underscores DeltaPrime’s emerging reliability in the DeFi space. Unlike Aave, DeltaPrime focuses on undercollateralized loans, pushing the industry beyond the traditional overcollateralized model.
About DeltaPrime
DeltaPrime is a prime broker on a mission to unlock DeFi’s full potential through secure undercollateralized loans with maximum capital efficiency. Built on Avalanche and Arbitrum, it offers fast and reliable transactions. The platform’s Diamond Beacon Proxy pattern ensures infinitely scalable smart contracts and the fastest integration turnaround in the DeFi industry.
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