DeltaPrime Unveils $PRIME Token: Pioneering a New Standard in DeFi Governance and Utility

DeltaPrime,
a
decentralized
borrowing
and
investing
platform,
is
thrilled
to
announce
their
Token
Generation
Event
(TGE)
on
Uniswap
and
Trader
Joe.
The
TGE
marks
another innovation
in
crypto
with
the
launch
of
the
$PRIME
and
$sPRIME
tokens
on
July
1st,
2024.
Born
in
the
bear
market
and
operating
on
the
Arbitrum
and
Avalanche
networks,
DeltaPrime’s
inventive
tokenomics
design
focuses
on
stable
growth
of
its
liquidity
pools,
as
well
as
enhanced
community
rewards
and
governance
capabilities.

Community-minded
and
transparent,
DeltaPrime
has
developed
a
novel
protocol
with
outstanding
security
measures
for trustless,
undercollateralized borrowing
of
crypto
assets
to
be
used
for
trading,
yield
farming,
and
liquidity
providing
on
other
whitelisted
protocols.

Protocol
revenue
in
Q1
this
year
exceeded
$1.5M,
and
the
community
Seed
round
of
ColonyLab
was
notably
58%
oversubscribed,
demonstrating
strong
investor
confidence
in
DeltaPrime’s
vision
and
execution.
Additionally,
a
significant
LTIPP
grant
of
750,000
ARB,
the
same
size
as
those
received
by
well-established
platforms
like
Lido
and
Aave,
highlights
DeltaPrime’s
emerging
stature
and
reliability
in
the
DeFi
space.
But
unlike
Aave,
DeltaPrime
propels
the
DeFi
industry
from
the
overcollateralized
past
to
the
future
of
undercollateralized
crypto
loans.

By
launching
$PRIME
and
$sPRIME, DeltaPrime preserves
its
sustainable
business
model
while
also
rewarding
and
steadily
transitioning
governance
to
its
biggest
supporter,
its
community.

Revolutionizing
DeFi:
Advanced
Trading
and
Governance

$PRIME
and
$sPRIME
empower
users
by
providing
enhanced
trade
and
LP
capabilities
utilizing
idle
capital
and
robust
governance
structures,
setting
new
standards
for
participation
and
profitability
in
the
decentralized
finance
(DeFi)
landscape.

$PRIME,
the
primary
tradable
token
of
the
DeltaPrime
ecosystem,
is
integral
to
the
platform’s
liquidity
framework.
As
a
versatile
ERC20
token,
$PRIME
can
be
traded
on
open
markets,
utilized
in
liquidity
pools
on
decentralized
exchanges
(DEXs),
and
transferred
between
entities,
facilitating
seamless
market
interactions.

$PRIME
means
community
Unique
to
$PRIME
is
its
role
in
creating
$sPRIME
through
liquidity
pairings,
such
as
PRIME-AVAX
or
PRIME-ETH,
embedding
it
deeply
within
DeltaPrime’s
operational
and
governance
mechanisms.
Contribution
to
the
LP
is
simplified
through
the
DeltaPrime
app,
making
$sPRIME
acquisition
a
breeze.

$sPRIME
marks
a
significant
innovation
in
the
realm
of
DeFi
governance
and
revenue
sharing.
This
LP-token
serves
as
a
utility
token
within
the
DeltaPrime
ecosystem
and
also
as
a
vehicle
for
governance,
enabling
holders
to
actively
participate
in
decision-making
processes.
$sPRIME
holders
that
support
the
platform’s
growth
enjoy
the
dual
benefits
of
influencing
the
platform’s
direction
and
contributing
to-
and
sharing
in
its
financial
success,
which
notably
amassed
$1.65
million
in
Q1
of
2024.

Of
the
protocol’s
total
revenue,
33%
goes
to
active
$sPRIME
holders,
33%
to
the
treasury
for
further
development,
and
33%
to
the
protocol’s
insurance
funds.

$PRIME
emissions
are
dynamically
calibrated
based
on
current
market
conditions
to
ensure
economic
stability
and
sustainable
growth.
This
adaptive
supply
strategy
helps
stabilize
$PRIME’s
value
during
market
fluctuations,
with
mechanisms
in
place
to
increase
supply
during
high
demand
and
initiate
buybacks
when
demand
wanes.
$PRIME
is
not
a
stablecoin
however,
and
therefore
is
susceptible
to
price
variations
based
on
its
supply
and
demand.

$sPRIME
stands
out
by
being
the
first
concentrated
LP-token
used
as
a
platform’s
main
currency,
next
to
generating
governance
power.
The
token
becomes
‘active’
by
keeping
the
underlying
liquidity
centered
around
the
current
price,
increasing
its
value
to
those
that
support
the
platform’s
growth.

DeltaPrime
Leads
with
Community-Driven
Governance

At
the
heart
of
DeltaPrime’s
approach
is
a
commitment
to
transparency
and
a
governance
model
that
places
decision-making
directly
in
the
hands
of
its
users.
$sPRIME
holders
that
contribute
to
the
platform’s
growth
do
not
only
receive
a
staggering
33%
of
the
protocol’s
revenue,
but
they
also
gain
voting
rights
that
shape
the
platform’s
policies
and
direction.
A
user
receives
governance
points
by
holding
a
10:1
ratio
of
$sPRIME
to
protocol
usage,
either
as
a
borrower
or
lender
on
the
platform.
This
democratic
process
ensures
that
every
decision
reflects
the
collective
will
of
those
who
use
the
platform,
fostering
a
truly
decentralized
governance
structure
made
up
of
active
DeltaPrime
users.

Prioritizing
Security

DeltaPrime
prioritizes
the security
of
user
funds
above
all. This
commitment
to
security,
coupled
with
DeltaPrime’s
strategic
expansion,
has
solidified
its
position
as
a
reliable
and
enduring
presence
in
the
DeFi
landscape.
To
mitigate
inherent
risks,
DeltaPrime
has
established
a
comprehensive
suite
of
safety
features
designed
to
protect
user
assets
and
maintain
the
security
of
the
platform:
borrowed
funds
can
be
used
only
on
whitelisted
protocols
and
tokens,
users
can’t
run
away
without
repaying
the
loan,
and
there
is
insolvency
protection
through
liquidation
bots
that
oversee
loan
health.

Gearing
up
for
its
7th
successful
audit,
DeltaPrime
from
market
manipulation
and
exploits,
and,
in
the
unlikely
event
that
multiple
on-chain
checks
miss
an
issue,
an
insurance
fund
covers
any
affected
depositors.
DeltaPrime
remains
fully
committed
to
providing
a
secure
and
reliable
platform
for
all
users
today
and
in
the
future.

About
DeltaPrime

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.

Learn
more:

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Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.