DeltaPrime as a Poster Child of New Era of Unsecured Lending Solutions in Web3
As cryptospring is gradually gaining momentum and transferring into cryptosummer, investors seek lower risk credit leverage to enhance their bids.
DeltaPrime offers one of the first unsecured lending solutions in Web3. Given the multi-platform nature of the ecosystem, DeltaPrime is a leader in this new form of lending. DeltaPrime is a universal protocol. Users have the option to register as an LP or create a Prime account to participate in both crypto trading and capital accumulation and management. The main goal remains the same – to release assets that have been blocked due to loans with insufficient collateral.
By providing borrowed funds to a smart escrow contract (Prime Account), DeltaPrime has a built-in algorithm for liquidating loans with insufficient collateral (“auto-margin call → margin replenishment”). This maximizes the efficiency of capital utilization without compromising the safety of the lenders. This method of lending is beneficial to both borrowers and depositors, and allows excessive short-term liquidity to be redirected from the main domain to the “permanently investment-hungry” DeFi ecosystem.
Nine months ago, DeltaPrimeDeFi launched a new protocol on Avalanche. The goal of DeFi on Avalanche was still the same increase in capital efficiency and release of liquidity.
The specialty of the platform is mainly that users can borrow up to 5 times their funds and invest in Avalanche DeFi platforms with only 20% collateral. For example, for a $100 loan, all you need is $20. By the way, here are the returns provided by funding an account in DeltaPrime over the last 6 months – in the period of stagnant quotes of most more or less liquid tokens:
Average daily APY since launch:
● USDC – 9.1%
● USDT – 7.2%
● ETH – 6.3%
● AVAX – 5.1%
● BTC – 4.0%
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