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DeltaPrime🔺

@DeltaPrimeDefi

Jun 5 • 8 tweets • 5 min read Twitter logo

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@BenqiFinance

Let's get liquid💧@BenqiFinance💧

Comparing 3 easy $sAVAX strategies, and how they impact your Prime Account.

Comparing:
- Health (leverage)
- Current APY
- Risks (all have sAVAX depeg+smart contract)
- Rewards
- Intuitiveness to set up
- Efforts to manage

🧵🧵🧵🧵🧵🧵🧵🧵

USDC ➡️ sAVAX

This is for the #AVAX Bulls amongst us. The ones that look at a $14,89 price and laugh. Who know it will never be this low again and put their money where their mouth is.

What's that strat?

1⃣Deposit $USDC
2⃣Borrow $USDC
3⃣Swap all to $sAVAX
4⃣Farm it all

USDC ➡️ sAVAX

☑️Example health: 20.19% (4x)
☑️Current APY: 39.7%👍
☑️Risk: AVAX price 📉
☑️Rewards: AVAX price📈 + farm APY
☑️Set up: Very easy✅
☑️Manage style: Active👀

AVAX ➡️ sAVAX

The strat for the Delta Neutralists. You don't know what the market will do, and quite frankly, you don't care either. Whether we go up or down, you just want to print.

1⃣Deposit #AVAX
2⃣Borrow $AVAX
3⃣Swap all to $sAVAX
4⃣Farm it all

AVAX ➡️ sAVAX

☑️Example health: 9.55% (4.5x)
☑️Current APY: 44.5%👍
☑️Risk: Borrow APY surpasses farm APY📉
☑️Rewards: farm APY📈
☑️Set up: Very easy✅
☑️Manage style: Passive⛵️

BTC ➡️ sAVAX

While you don't know what the crypto market will do, you do know that #AVAX will outperform the others, and definitely BTC. Mitigated exposure, is gud exposure.

1⃣Deposit #BTC
2⃣Borrow #BTC
3⃣Swap all to $sAVAX
4⃣Farm it all

BTC ➡️ sAVAX

☑️Example health: 15.5% (4.25x)
☑️Current APY: 46.1%👍
☑️Risk: BTC outperforms AVAX📉
☑️Rewards: AVAX pwns + farm APY📈
☑️Set up: Very easy✅
☑️Manage style: Passive⛵️

@vector_fi

That's a wrap! Next to exposure, you always want to check for other potential risks. Check out our full safety measures here: docs.deltaprime.io/protocol/safety

@vector_fi was used, but we could have used @yieldyak_ as well. Minor APY difference is mainly due to different measuring methods

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More from @DeltaPrimeDefi

DeltaPrime🔺

@DeltaPrimeDefi

Jun 6

@yieldyak_

Imajin:

You just set up your Prime Account: 4x #AVAX long, 4x #BTC long, all gently farming with @yieldyak_ and @vector_fi.

You feel happy. Bullish...

And then the SEC decides everything was a security all along, crashing prices.

Time to restart it all?

No anon, watch this🧵

There are two ways to get back control over your health and exposure.

✅Direct deposits
✅Debt swaps

Let's dive in both

Direct deposits

While DeltaPrime might feel like a CEX at times, it is not. Everything is fully transparent, and your Prime Account is YOUR Prime Account.

Next to the added security this brings, this also lets you send funds from any wallet, straight into your account.

Read 8 tweets

DeltaPrime🔺

@DeltaPrimeDefi

Apr 5

Guard!

We have been distributing insane yields for our depositors, ever since we launched in January.

But you are not only concerned with having high profits. There is one factor even more important.

Is it safe?

🧵1/15

Let's look at these 5 safety mechanisms in DeltaPrime, and their function in the protocol.

Safety mechanisms discussed:

- Escrow contract
- Solvency checks
- Oracle
- Withdrawal guard
- Audits

Escrow Contract

What is it?

On DeltaPrime we use an Escrow smart contract, the DSC (Dedicated Smart Contract), to send collateral and borrowed funds to.

This is your personal smart contract that, similarly to your wallet, holds your assets. It is controlled by you.

Read 15 tweets

DeltaPrime🔺

@DeltaPrimeDefi

Mar 22

Yesterday we posted an announcement in our Discord with a couple of important updates.

In this smol thread we share the same announcement, so everyone is up to date🫡

- Current borrowing rates
- This week's $GLP rate
- Platypus reimbursement
- What's coming

🧵1/11

gm! Couple of updates

1⃣ We just got a couple million extra in the pools from our DeltaPrime frens🙌This significantly lowers borrowing rates to:

#AVAX 12.32% -> (now 12.57%)
#USDC 13.68% -> (13.49%)
#USDT 8.45% -> (9.27%)
#BTC 7.43% -> (7.56%)
#ETH 7.89% -> (9.29%)

2/11

@yieldyak_

2⃣Simultaneously $GLP yields will still be high in at least the next 8 days, with an expected base APR of 34.07% (-> 33.68%), leading to a @yieldyak_ $GLP farm base APY of 40%-45% (-> 49.1%).

How high can you get that?

3/11

Read 11 tweets

DeltaPrime🔺

@DeltaPrimeDefi

Feb 15

Happy Wednesday🎉

Sharing a couple of today's wins:

🏆TVL crossed $10M
🏆#4 monthly grower in DeFi
🏆Account APY on $GLP crossed 500% mark

Feeling bullish 🐂🐃

1/5🧵

🏆TVL crossed $10M🏆

DeltaPrime is growing. Moreover, we are setting the stage for #Avalanche to unlock its trapped liquidity.

Out of the $12,9M in TVL, $11,3M is actively flowing back into the Avalanche ecosystem. A record in efficient borrowing.

Let's Unlock #Avalanche

🏆#4 monthly grower in DeFi🏆

Although today's $2.7M was not yet calculated into this, we have been one of the fastest growers in DeFi over the past month.

This sets the stage for a great 2023. We can't wait to continue this growth.

Read 5 tweets

DeltaPrime🔺

@DeltaPrimeDefi

Feb 12

"17% interest to borrow USDC is crazy"

" 11% to borrow #AVAX ? Why do that?"

What if I told you that these three things are true:
✅Most of our users who borrow, are profiting
✅The interest rates will increase further this week
✅Not a single person borrowing will mind

Why?🧵

First a look at what makes people (yours truly included) borrow at these rates in the first place:

The price you pay

Yes, you can borrow USDC on AAVE for 2.42%, but what will you do with it?

After all, you just locked 120% of your USDC in #AVAX.

Now, that is stuck...

@vector_fi

That AVAX, could have yielded 7.6% on @vector_fi, deepening @Platypusdefi liquidity.

Or you could have swapped it into sAVAX and farmed that on @vector_fi. That would've yielded you 13.55% instead

now it's collecting dust at 1.5%

Did you ever calculate that opportunity cost?

Read 9 tweets

DeltaPrime🔺

@DeltaPrimeDefi

Jan 30

Updated strategy page: docs.deltaprime.io/prime-brokerag…

Example strats discussed:
♥️Health neutral
🧮Delta neutral
📈Balanced
👍Efficient Overcollateralization

🧵TLDR + current highest APYs per strat🧵:

Note: strategies below are meant as examples of potential ways you can develop your own strategies. While all numbers are accurate at the time of writing (and include interest paid), they can change over time. NFA, always DYOR, you know the drill.

Legal gave the go, let's dive🧵

♥️Health neutral♥️

A health neutral strat mitigates liquidation risk.

This can be set up by depositing and borrowing the same (or if peg remains, pegged asset).

Because your borrowed value and collateral have a correlation of 1, you won't get liquidated.