Exchange
By using borrowed money to trade you can decrease the amount of 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 as well as your losses will move exactly 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 make sure that your collateral is sufficient to keep your Prime Account solvent. If you make your trades right, borrowing can be a perfect tool.
At the top of your portfolio you will find all idle tokens in your Prime Account. Every row shows data specific to that token and is updated with every page refresh or transaction. Keep in mind that it might take ~30 seconds for a transaction to be updated in UI. The data of a row consists of:
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. Starting with Pangolin and Trader Joe, a combination of Decentralised Exchanges will be used to trade different assets on. The DEX with the lowest slippage is automatically chosen for every trade. All assets shown has enough liquidity and price data-feeds to minimize the risk of price manipulation. Other safety measures can be found here.
The amount of tokens you are holding in your Dedicated Smart Contract is shown under this column. These are the "free tokens", meaning that you can use them for farming or LPing.
Below the nominal balance, the dollar value of your asset is displayed. This value is calculated by multiplying the Balance times the current Price of the asset.
The borrowed column only shows numbers for the assets which are borrowable. For these assets, it shows the nominal number borrowed, as well as the current dollar value. Before withdrawing any assets, you have to have a balance equal or greather than borrowed, to pass the withdrawal guard.
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. This number changes once either the borrowed, or collateral asset has a different value. Read more about how the Borrowing Power is calculated here.
The trend shows the historical price data over the past 24 hours, displayed in a graph. In the future DeltaPrime will provide the ability to use more detailed graphs, to make even more accurate decisions while trading.
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.
Here you can either Add a token from your wallet or, if this token has a liquidity pool, borrow. Whether you add or borrow, the token will be added as part of your portfolio, and become part of your collateral. If you add from your wallet, your collateral will increase, and your debt will stay the same. This improves your health meter. If you borrow, your total borrowed value will increase by the same number as your total collateral, decreasing your total health.
Pressing this button allows you to withdraw assets to your wallet or, if this token has a liquidity pool, repay borrowed funds. Contrary to Add / Borrow: if you withdraw your health will decrease, and if you repay your health will increase. Additionally, in order to withdraw any funds to your wallet, whether borrowed or collateral, you need to have the borrowed assets 1-1 in your portfolio. This means that if you have borrowed 3 AVAX and 200 USDC, and you want to withdraw ETH, you first need to have 3 AVAX and 200 USDC ready in your Prime Account. In doing so, any price manipulation prevents the drainage of liquidity pools.
By pressing this button you can swap one asset for a different asset. Swapping works similar to other decentralized exchanges. The DeltaPrime swap widget has two distinguishing features. First of all, it acts like an aggregator: from the integrated protocols, including integrated DEX aggregators, the one which returns the most tokens is automatically selected. The second feature is that it shows you your values after the 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 an unexpected amount of tokens received, or a different health ratio than expected.
The swap widget also shows the current slippage. Take into account that this is calculated over your full swapped amount. If slippage is high, this might be due to high levels of market volatility, and it might be better to wait until the slippage has returned to a lower level.
Last modified 1mo ago