Prime account separation

Protects

• Removes single point of failure

• Increases exploit difficulty

Prime accounts separation

DeltaPrime is a fully decentralized application. This means that nobody else holds custody over your (borrowed) funds. You don't have to entrust any party that your assets are there, but can instead can look it up on chain in your personal Dedicated Smart Contract (DSC).

As the name suggests, the DSC is a smart contract: it is on-chain and follows predefined rules visible to everyone. It is dedicated, because it is yours and yours alone. When you open your Prime Account, the DSC gets created and all funds you deposit and borrow get sent to this account, where it is visible on-chain by clicking the link in the far top right of your Prime Account. Every Prime Account user has his own DSC.

The first security advantage of the seperation of Prime Accounts is that it protects your funds from commingling, something that can happen when you hand of custody to a centralized party (insert FTX flashbacks).

A second advantage is that it gives attackers a hard time gaining access to funds. Instead of one giant safe in the bank protecting everyone's funds with a single door, every account is its own little solid safe. And with thousands of Prime Accounts, gaining access to all funds is a hard nut to crack.