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DeltaPrime

@DeltaPrimeDefi

Dec 18

Utilization Based Interest incoming

Today, at 4pm CET, we're unpausing one of DeltaPrime's most essential elements: the Utilization Based Interest rate (UBI). This will have a volatile effect on interest rates for the next few days.

UBI follows a list of granularly unpaused features, each thoroughly audited by @BlockSecTeam before unpausing:

✅ Trading
✅ Deposits / Withdrawals
✅ Borrowing / Repaying
✅ and more

Here's what this means 🧵1/9

Tweets:

Current Interest 🧵3/9
Current Utilization 🧵4/9
Utilization Based Interest rate 🧵5/9
So why hardcode 6/9
What is next: For Savings? 🧵8/9
What is next: For Prime Accounts? 🧵9/9

🧵2/9

Current Interest

Right now the interest rates of different assets are hardcoded at pre-attack levels.

USDC earns 21% APY
AVAX🔺 9.33% APY
etc.

However, the utilization of all assets (excluding BTC) is at 100%. This means that most borrowers can't borrow, and most lenders can't withdraw.

That's an issue.

🧵3/9

Read 10 tweets

DeltaPrime

@DeltaPrimeDefi

Nov 25

Update thread

Earlier this month DeltaPrime's Savings pools were attacked for a total damage of $4.75M.

In this thread we'll dive into the updates made since then. Specifically:

- Where to find updates? 🧵2/8
- Damage per pool 🧵3/8
- Partial unpause Live 🧵4/8
- Restrictive security feature incoming 🧵5/8
- Unpause ETAs 🧵6/8
- Fund retrieval 🧵7/8
- Way forward 🧵8/8

1/8

https://x.com/DeltaPrimeDefi/status/1856343701381058677

Where to find updates?

This update is a follow up on our earlier update which can be found through our profile: .

Additionally, our first line of communication is on our Discord, which can be found on our profile or official website. Don't click any links in this thread.

https://x.com/DeltaPrimeDefi/status/1856343701381058677

Damage per pool

$4.75M in a variety of assets were stolen. Since then the protocol has been paused. Once Savings unpause, to prevent any first-come-first-serve, damage will be shared over all depositors within every pool, depending on that pool's damage.

This means that your max loss is confined to the max damage per pool. The remaining assets (for example 70.61% for #AVAX ) will be available in your Savings pool at unpause.

Read 9 tweets

DeltaPrime

@DeltaPrimeDefi

Nov 9

🚨Convert rTKNs to $PRIME before Wednesday!🚨

(important note: there are no links for conversion. You can find conversion within your Prime Account)

After the September attack, affected users received rTKNs. These will be redeemable for their dollarvalue in assets through future revenue.

However, additionally, 33% of the team allocation will be sold and donated for faster reimbursements.

If you consider claiming $PRIME: continue reading🧵 (1/8)

This thread is written to help those affected by the attack in their decision between the two assets. If you were affected, you hold rTKNs today.

We will dive into:

- The rTKN
- $PRIME & $sPRIME
- rTKN -> $PRIME conversion
- How to choose
- How to convert

(2/8)

The rTKN

rTKN is short for Reimbursement Token. For every $100 you lost in the September attack, you received 140 rTKNs.

1 rTKN = $1 from future revenue

Until all rTKNs are redeemed, 33% of DeltaPrime's revenue will be claimable by all rTKN holders.

DeltaPrime revenue is highly inconsistent due to its sole source (currently) being liquidations. That means we can have a month with a couple k revenue, or a day with $1.5M in revenue.

(3/8)

Read 7 tweets

DeltaPrime

@DeltaPrimeDefi

Nov 7

DeltaPrime Pulse: Edition #1

This month:

✅ DP on Stage
✅ New: Video Community Call
✅ New: Burd Log
✅ Partner Spotlight (ft: @GMX_IO, @GoGoPool_ & @yieldyak_)

Read the full Pulse:

Or the TLDR mini-thread 🧵👇 1/8deltaprime.io/blogs/news/the…

DeltaPrime at the Avalanche Summit...

Last month, the Avalanche Summit took over Buenos Aires, and the DeltaPrime team was there in full force!

Without a booth, we roamed freely, connecting with partners and building new relationships across the @Avalanche ecosystem🔺 (2/8)

...and on Stage

DeltaPrime was also represented on stage. Gavin joined @Ravageur @yieldyak_ and @DavideFi_ @LFJ_gg for a panel discussion on liquidity. They discussed the various perspectives on incentives and airdrops.

Find the video here: (3/8)

Read 9 tweets

DeltaPrime

@DeltaPrimeDefi

Oct 28

Did you notice the new Burd Log?

Over the course of the next months, we will be publishing weekly articles, diving into Web3, DeFi and DeltaPrime specifically.

With today:

Cross-Margin: The Unsung Hero of Capital Efficiency:

Smol thread 🧵1/6deltaprime.io/blogs/academy/…

2/6: The Basics of Cross-Margin
Did you know that cross-margining can offset risk and boost portfolio resilience?

Unlike isolated accounts, where each position operates independently, cross-margin combines multiple positions within a single account.

This allows gains📈 in one position to offset potential losses📉 in another—creating a more resilient portfolio strategy.

3/6: Real-World Example
In the article, we will consider Ivan and Lucas, who hold similar crypto portfolios.

Ivan’s isolated positions are more vulnerable to market swings. When Bitcoin’s price drops, he risks liquidation.

In contrast, Lucas’s cross-margin setup leverages his Ethereum holdings to stabilize his account, reducing his risk ⚖️

Read 8 tweets

DeltaPrime

@DeltaPrimeDefi

Oct 9

DeltaPrime Blue (Arbitrum) unpaused

You can now rebalance, deposit, withdraw, repay and borrow on DeltaPrime Blue again. Massive thanks for everyone's patience and support throughout this period.

Video AMA + Post Mortem + Reimbursement Plan below👇

Earlier today we posted our Post Mortem + Reimbursement Plan.

In DP fashion it is an extensive document, however, we would highly recommend those affected and everyone interested in the future development of DeltaPrime to give it a read.

medium.com/@Delta_Prime/d…

A couple hours later we held and recorded a 2+ hour live video AMA in our Discord.

In the first 45 minutes we brought up the hard questions, like:

- How can a protocol so focused on security get drained through a hot wallet?
- Did the recently fired DPRK workers have an impact on this attack?
- Two attacks in such a short period of time, how do we know it won't happen a third time?

You know, the type of question you generally try to avoid in an interview.

After covering the majority of our questions, we spent the next 1 hour and 30 minutes answering questions from everyone who joined:

- Do you have any simulations of reimbursement timelines based on growth of the platform?
- Given that the 40% compensation tokens will be distributed at unpause, what happens if you retrieve the funds next month?
- How do you prevent PRIME inflation if affected users can buy PRIME at a discount?

The full video will be made available in our Discord shortly.

Read 5 tweets

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