DeltaPrime Unveils $PRIME Token: Pioneering a New Standard in DeFi Governance and Utility
June 27, 2024 — DeltaPrime , a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event (TGE) on Uniswap and Trader Joe. The TGE marks another i nnovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024. Born in the bear market and operating on the Arbitrum and Avalanche networks, DeltaPrime’s inventive tokenomics design focuses on stable growth of its liquidity pools, as well as enhanced community rewards and governance capabilities.
Community-minded and transparent, DeltaPrime has developed a novel protocol with outstanding security measures for trustless, undercollateralized borrowing of crypto assets to be used for trading, yield farming, and liquidity providing on other whitelisted protocols.
Protocol revenue in Q1 this year exceeded $1.5M, and the community Seed round of ColonyLab was notably 58% oversubscribed, demonstrating strong investor confidence in DeltaPrime’s vision and execution. Additionally, a significant LTIPP grant of 750,000 ARB, the same size as those received by well-established platforms like Lido and Aave, highlights DeltaPrime’s emerging stature and reliability in the DeFi space. But unlike Aave, DeltaPrime propels the DeFi industry from the overcollateralized past to the future of undercollateralized crypto loans.
By launching $PRIME and $sPRIME, DeltaPrime preserves its sustainable business model while also rewarding and steadily transitioning governance to its biggest supporter, its community.
$PRIME and $sPRIME empower users by providing enhanced trade and LP capabilities utilizing idle capital and robust governance structures, setting new standards for participation and profitability in the decentralized finance
