DeltaPrime, a non-custodial liquidity market, has announced a strategic partnership with Ledger Works (LWorks) to introduce advanced financial risk modeling capabilities to its decentralized lending and investment platform, which operates on Avalanche and Arbitrum. This collaboration aims to significantly improve risk management in DeFi lending, a critical concern for both users and the industry at large.
The partnership will enable DeltaPrime to extend increased borrowing leverage to its users by deploying sophisticated Borrow Power Recommendation Models for each token on their respective chains. These models, powered by LWorks's RiskOps-as-a-Service environment, will continuously execute machine learning-based algorithms to enhance financial risk management.
Additionally, DeltaPrime will leverage LWorks's continuous controls monitoring (CCM) for protocol and market surveillance. This will improve DeltaPrime's situational awareness and its ability to manage market risk more effectively, placing it at the forefront of liquidity markets across chains.
LWorks offers integrated risk management services that combine business, protocol, and market financial risk controls into a unified dashboard with real-time computational models and rules. Key features of LWorks solutions for DeltaPrime will include real-time market surveillance through intuitive dashboards and alerts, risk-based business monitoring to identify operational vulnerabilities, comprehensive protocol alerts to identify smart contract-related issues proactively, and sophisticated machine learning-based financial risk models for protocol configuration and optimization.
Ledger Works brings over 100 years of combined experience in security, risk management, and big data systems. The company's leadership, including CEO David Melnick, CTO Steve Elfanbaum, and Chief Data Scientist Chintan Mehta, boasts impressive credentials and extensive experience in the field.
Piotr Duda, the CEO of DeltaPrime, emphasized the importance of risk management in liquidity markets, stating, "The number one priority of any liquidity market should be its risk management. Being able to anticipate and prevent high-risk events is paramount to building a lasting protocol. We believe that this extended partnership with Ledger Works improves our financial risk decision-making, giving our users greater freedom and better protection at the same time."
David Melnick, the CEO of Ledger Works, echoed this sentiment, adding, "The Ledger Works team is excited to collaborate with DeltaPrime on their DeFi Protocol. Their drive to safely deliver innovative capabilities to their customers aligns perfectly with our team's approach to Risk Management. By combining their DeFi experience with our comprehensive Risk Management solution, we can elevate their already world-class offering to the market."
This partnership between DeltaPrime and Ledger Works marks a significant step forward in the evolution of decentralized finance. By enhancing risk management capabilities, the collaboration not only aims to provide greater protection and freedom to users but also sets a new standard for the industry. As DeFi continues to grow, the importance of robust risk management cannot be overstated, making this partnership a pivotal development for the future of decentralized lending and investment.
