Delta Prime

Delta Prime

Delta Prime

Unlock the full potential of your capital with the Prime Account: an empowered, escrow smart contract, just for you. Borrow up to 5x of your capital and invest on your favourite DeFi platforms.

Project Category

defi

Round

not public

Valuation

not public

Total raising amount

$680,000

Syndicate raising amount

49,625 USDC

Leading investor

GSR

Deal Date:

22.02.2023 16:45

$
Token Price:

not public

Token price is taking in consideration DAO fee which is 10%
Vesting:

not public

Allocation:

min $100

Description

Overview:

  • We've been in touch with Delta Prime team since we met them at ETH Barcelona in 2022. They've been constantly building through the bear market and now they are about to raise their pre-seed round, with already working product, deployed on Avalanche.

Positives:

  • There is already working product that team was building during the bearmarket
  • Platform offers high APR by real yield, without any token incentivisations
  • TVL of the platform is growing, now generating enough to cover the team burn rate
  • In the future they plan to share this revenue with their token holders
  • Team received grant - $300K from AVAX
  • Team is raising Pre-seed round, only $50K left
  • Delta Prime being mentioned by threadoors on CT already - LINK
  • Favorable valuation and token vesting

Negatives:

  • Competition in the market
  • Weaker team history
  • Risk of collapse of the whole patfrom (undercollaterised loans)

Disclaimer

  • • Risk of Loss: Investing in cryptocurrency projects carries inherent risks, including the risk of losing your entire investment. Be prepared to potentially lose all the funds you invest.
  • • No Guarantees: There are no guarantees of profits, returns, or success when participating in projects. Past performance is not indicative of future results.
  • • No Financial Advice: The information provided is not financial advice. Consult with a financial advisor if you are uncertain about participating.
  • • Due Diligence: It's your responsibility to conduct thorough due diligence on the project, team and tokenomics before participating. Make informed decisions.
  • • Community and Social Hype: Be aware that investment decisions based solely on social media hype or community sentiment can be risky and speculative.
  • • Backup Your Private Keys: Ensure you have securely stored your private keys or seed phrase. Losing access to them may result in permanent loss of your assets.
Full version of disclaimer can be found here.