DeltaPrime
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Assets

Risk/Reward +

By using borrowed money to trade, you can decrease the capital needed for the same returns. This goes for positive and negative returns equally. For example, If you borrow 200% of your collateral to trade with, your profits and losses will move precisely three times as fast. Through borrowing, good traders need less capital to hit their target profits. Bad traders, on the other hand, run the risk of getting liquidated by the protocol. For this reason, you always need to ensure that your collateral is sufficient to keep your Prime Account solvent. If you make your trades right, borrowing can be a perfect tool.

Interface

All idle tokens are at the top of your portfolio in your Prime Account. Every row shows data specific to that token and is updated with every page refresh or transaction. Remember that it takes ~30 seconds for a transaction to be updated in UI. The data of a row consists of the following:

Asset

Under the asset column, you see the different assets tradable. It shows the image as well as the name of the asset. If the asset is borrowable, it also shows the current borrow APY. DeltaPrime integrates DEX aggregators like Yak Swap and Paraswap to provide the lowest slippage for any trade.

Balance

The amount of tokens you are holding in your Dedicated Smart Contract is shown under this column. These are the "free tokens", which can be used for farming or LPing.
Below the number of tokens, the dollar value of your asset is displayed. This value comes from the RedStone oracle.

Farmed

The balance that is currently in farming in vault protocols. Soon, this will be called "Active" with the liquidity provided to DEXs included.

Borrowed

The borrowed column only shows numbers for the assets that are borrowable. For these assets, it shows the number borrowed and its current dollar value. Before withdrawing any assets, you have to have a Balance equal or greater than Borrowed, to pass the withdrawal guard.

Power

This shows the Borrowing Power of an asset. Collateral with a Borrowing Power of 5x means you can borrow 5 times the value of the asset, given that the borrowed asset also has a 5x Borrowing Power. Read more about how the Borrowing Power is calculated here.

Trend

The trend shows the historical price data over the past 24 hours, displayed in a graph. TradingView is integrated into the graph to empower your trading decisions. Lines can be drawn and a range of indicators can be used.

Price

This shows the price of the given asset. As the price is sent as metadata with every transaction, this is calculated by using multiple data sources per asset to prevent price manipulation. The actual price while buying and selling might be slightly different due to slippage. Your max slippage can be set in the swapping modal

Actions

Deposit collateral
Depositing collateral increases your account health and allows you to borrow assets from DeltaPrime's liquidity pools. Depositing collateral is often the first action you take in the Prime Account.

Swap

By pressing this button, you can swap one asset for a different asset. You can do so with one of the integrated DEX aggregators. The second feature is that it shows your health Ratio post-transaction. A glimpse into the future. Keep in mind that these numbers are not continuously updated, so returning to your computer after streaming GoT and pressing "swap" might result in unexpected slippage or health ratio.

More

Here, you can find several other actions you can take on the assets page.
  • Borrow
  • Repay
  • Swap Debt
  • Withdraw Collateral

Borrow

You can borrow up to 5x your collateral. The exact borrowable ratio depends on the Borrowing Power of your borrowed and held assets.

Repay

Repay your borrowed assets here. While there is no deadline for repaying borrowed funds, your account will accrue interest as long as any assets are borrowed.

Swap Debt

The Swap Debt function allows you to swap the borrowed value of your assets, without having to hold the assets themselves. So if you have $200 USDC borrowed, but you'd rather have $200 ETH borrowed instead, you can change the borrowed source with the click of a button. You do not need to hold ETH or USDC to perform a debt-swap between these two assets.
Power of the Debt-Swap
Let's say you are bullish on ETH. You borrow 200 USDC, swap that to ETH and deposit it in a farm. You are now exposed for $200 to the ETH price. If your ETH appreciates, your debt remains 200 USDC and you make a profit. If ETH depreciates, your debt remains 200 USDC still, and you make a loss (having less assets to pay off the same debt).
If you become bearish on ETH, you might assume you will have to withdraw your ETH from the farm to sell it and reduce your ETH exposure. But what if you are bearish on ETH, but have your assets in a high-yielding farm you want to stay in? Or if you only want to reduce your exposure temporarily, anticipating a short-term drop, but long-term appreciation? In this case you might want to use the Debt-Swap instead.
By swapping your Debt from USDC to ETH you can reduce your ETH exposure to 0, or (depending on how much USDC was borrowed) even reverse it. All without removing your ETH from the farm it is working in. The reason this reduces your exposure similarly to selling the asset, is because a falling ETH price now not only reduces the value of your ETH in the farm, but simultaneously reduces the value of the debt that you will have to pay back. This leads to no loss or profit regardless of price movements: you are delta neutral.
Whenever you want your ETH exposure back, just reverse your debt-swap, swapping your debt back to USDC or one of the other stables available in DeltaPrime.

Withdraw Collateral

Pressing this button allows you to withdraw assets to your wallet. Withdrawing collateral reduces your health. Additionally, you need to cover all borrowed assets with your asset balances. Read more about the Withdrawal Guard here.
Last modified 4mo ago