Description

Overview:

Delta Prime keeps developing their product, since their pre-seed round in 03-23 they managed to grow their TVL on the platform to 13M USD according to Defillama. Platform is now as well multichain, as the platform was initially launched on Avalanche, now team deployed Delta Prime to Arbitrum as well. Current plan is to continue with the development and adding more chains later on. Team decided to raise additional funds via this bridge round, raising only 500k USD. Ths round is currently oversubscribed, one VC wanted to buy out the whole round, but Delta Prime team wanted to give the opportunity to invest to all participants of previous- pre seed round, to participate.

Comparing to pre-seed round, that was raised at valuation of 15M usd with 8 months cliff and 8 months vesting, this bridge round is at valuation of 22.5M USD. They are raising now this bridge round to pro long their runaway, that is currently till end of this year, after raising this round it will be till end of Q2/24. And they plan to raise their last round next year, once market picks up. Last round - IDO will be done at valuation of 45M USD.

Team plans to perform the TGE on Q1/Q2 2024, once market conditions will get better.

Since now platform is not charging any fees to the users due to unfinished legal compliance, that is being finalised. As well there are no incentivesfor liquidity providers or users, as their token is still not created.

Positives:

• project is in demand, their actual round is oversubscribed
• favorable valuations and vestings (in comparison to previous round and public rounds)
• TVL on the platform is steadily growing - now 13M USD
• Team is expanding the platform to different chains and plans to continue in the expansion

Negatives:

• Competition in the market.
• Risk of collapse of the whole platform (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.