Third-party security protocols
Protects
Prevents attacks
Insures deposited funds
Hexagate
Hexagate is a service that monitors and alerts in real time on any on-chain threats or exploits. This allows us to stay on top of what's happening on-chain and react accordingly even before an exploit happens. Should DeltaPrime be targeted by an exploit that might result in financial loss for the protocol, we are well equipped to pause our contracts automatically and then triage the threat with the help of team of experts from Hexagate. Currently a function is being built out, which will automatically withdraw assets from any integrated protocol which has a crucial risk of being exploited in the near future. This means that in most instances, LPing through DeltaPrime will become even safer than LPing directly to the underlying protocol. Apart from the monitoring, alerting and automated responses to threats our cooperation with Hexagate means that our security processes and playbooks are carefully curated together with Hexagate team to ensure best protection of users' funds possible.
Atomica
Many insurance protocols are not yet able to cover complex protocols like DeltaPrime. Because of this, Atomica has built a customized and permissionless system of insurance pools to insure DeltaPrime users. It will automatically cover a significant share of any deposit. A part of the DeltaPrime revenue will be used to incentivize providing liquidity to insurance pools. In the future, insurance providers can choose to provide either to a Stability Pool (high risk/reward), or a set of risk-specific pools (low risk/reward).
These Pools will protect the protocol and depositors specifically from: *Collateral caused insolvencies- quick price drops that lead to unprofitable liquidations *External integration insolvencies- loss of funds caused by malfunctions of integrated protocols (due to exploits, extreme arbitrages etc.)
FCShield
FCShield built an independent control system for DeltaPrime. This is a system that operates autonomously or separately from other systems or entities, with the purpose of e.g. monitoring risks associated with different financial activities. In traditional finance the usage of control systems is often required and regulated by law. On DeltaPrime this system monitors and evaluates economic activity happening on the platform, informing about any anomalies and ensuring proper functioning of the protocol, even in extreme market conditions.
Ledger Works 🛠
Ledger Works (lWorks) has built a monitoring system that keeps track of important on-chain activity and identifies any market irregularities. DeltaPrime uses this system to keep track of, and get alerts on DeltaPrime contract interactions, as well as external market interactions.
These interactions can vary from the number of users that deposited USDC into a DeltaPrime liquidity pool on any given day, to the total value of LINK that has been transacted on the chain as a whole.
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