DeltaPrime & Ledger Works Partner to Re-invent Risk Management for DeFi Lending

CONTACT
INFORMATION:

Ledger
Works
<>
DeltaPrime

David
Melnick,

[email protected]

Daniel
Abdel
Malak,

[email protected]

FOR
IMMEDIATE
RELEASE

DeltaPrime
&
Ledger
Works
partner
to
re-invent
risk
management
for
DeFi
lending

July
30,
2024
at
10
AM

DeltaPrime,
a
non-custodial
liquidity
market,
is
partnering
with
Ledger
Works
(“LWorks”)
to
introduce
advanced
financial
risk
modeling
capabilities
to
its
Decentralized
Lending
and
Investment
Platform,
which
operates
on
Avalanche
and
Arbitrum.

By
partnering
with
LWorks,
DeltaPrime
will
be
able
to
safely
extend
increased
borrowing
leverage
to
their
users
by
deploying
sophisticated
Borrow
Power
Recommendation
Models
for
each
token
on
their
respective
chains.
LWorks’s
RiskOps-as-a-Service
environment
will
power
the
continuous
execution
of
these
machine
learning-based
models
for
DeltaPrime. 

DeltaPrime
will
also
leverage
LWorks’
continuous
controls
monitoring
(CCM)
for
protocol
and
market
surveillance,
improving
DeltaPrime’s
situational
awareness
and
helping
it
more
effectively
manage
market
risk. 

This
enterprise-scale
risk
management
will
place
DeltaPrime
levels
above
any
liquidity
market
across
chains.
LWorks
offers
integrated
risk
management
services
combining
business,
protocol,
and
market
financial
risk
controls
into
a
unified
dashboard
with
real-time
computational
models
and
rules.
These
services
enable
continuous
protocol
and
market
surveillance.
Key
features
of
Ledger
Works
solutions
for
DeltaPrime
will
include:

• 
  Real-time
  market
  surveillance
  through
  intuitive
  dashboards
  and
  alerts.
• 
  Risk-based
  business
  monitoring
  to
  identify
  operational
  vulnerabilities.
• 
  Comprehensive
  protocol
  alerts
  to
  identify
  smart
  contract-related
  issues
  proactively.
• 
  Controls
  including
  sophisticated
  ML-based
  financial
  risk
  models
  supporting
  protocol
  configuration,
  optimization,
  and
  risk
  management

LWorks
continually
develops
new
and
innovative
financial
models
to
solve
the
toughest
Web3
challenges.

Ledger
Works
has
over
100
years
of
combined
experience
in
security,
risk
management,
and
big
data
systems.
Their
CEO,
David
Melnick,
held
a
national
partner
role
in
Deloitte’s
Enterprise
Risk
Services
practice
before
launching
Ledger
Works.
Steve
Elfanbaum,
the
chief
technical
officer
(CTO),
previously
was
co-founder
and
principal
at
Asynchrony
Solutions. 

Their
chief
data
scientist,
Chintan
Mehta,
earned
a
Ph.D.
from
Princeton
University
and
completed
extensive
postdoctoral
work
at
Yale
University.
Initially
collaborating
with
the
team
while
at
Bridgewater
Associates,
Chintan
brings
his
expertise
in
deterministic
and
stochastic
modeling
to
coordinate
the
engineering
and
data
science
efforts
at
Ledger
Works.

Piotr
Duda,
the
CEO
of
DeltaPrime,
states:

“The
number
one
priority
of
any
liquidity
market
should
be
its
risk
management.
Being
able
to
anticipate
and
prevent
high-risk
events
is
paramount
to
building
a
lasting
protocol.
We
believe
that
this
extended
partnership
with
Ledger
Works
improves
our
financial
risk
decision-making,
giving
our
users
greater
freedom
and
better
protection
at
the
same
time.”

David
Melnick,
the
CEO
of
Ledger
Works,
added:

“The
Ledger
Works
team
is
excited
to
collaborate
with
DeltaPrime
on
their
DeFi
Protocol.
Their
drive
to
safely
deliver
innovative
capabilities
to
their
customers
aligns
perfectly
with
our
team’s
approach
to
Risk
Management.
By
combining
their
DeFi
experience
with
our
comprehensive
Risk
Management
solution,
we
can
elevate
their
already
world-class
offering
to
the
market.”

About
Ledger
Works

Ledger
Works
helps
our
customers
focus
on
growing
their
Web3
business
while
we
run
their
Risk
Operations.
Today
more
than
ever,
our
customers’
success
requires
effective
Risk
Management.
As
their
strategic
risk
partner,
we
help
optimize
financial
performance
while
minimizing
risk
of
loss.
By
leveraging
real-time
computational
rules,
continuous
execution
of
deterministic
and
simulation
models,
and
real-time
market
surveillance,
Ledger
Works
empowers
businesses
to
turn
risk
into
a
competitive
advantage. 

For
more
information,
visit: https://www.lworks.io 

Media
Contact

[email protected]

About
Delta
Prime

DeltaPrime is
your
prime
broker
on
a
mission
to
unlock
the
full
potential
of
DeFi.
They
do
this
by
providing
secure
undercollateralized
loans,
with
a
focus
on
maximum
capital
efficiency.
Being
built
on
the
foundations
of
Avalanche
and
Arbitrum,
their
Prime
Account
holders
know
they
get
fast
and
reliable
transactions
for
their
most
important
investments.

Built
on
its
inventive
Diamond
Beacon
Proxy
pattern,
DeltaPrime’s
escrow
smart
contracts
are
infinitely
scalable
and
allow
the
platform
to
sustain
the
quickest
turnaround
of
integrations
in
the
DeFi
space.

For
more
information,
visit: https://deltaprime.io 

Media
Contact:
[email protected]

###