DeltaPrime and Ledger Works Join Forces to Enhance DeFi Lending Risk Management

In a significant move for the decentralized finance (DeFi) sector, DeltaPrime, a non-custodial liquidity market, has announced a partnership with Ledger Works (LWorks) to revolutionize risk management in DeFi lending. This collaboration aims to introduce sophisticated financial risk modeling capabilities to DeltaPrime's Decentralized Lending and Investment Platform, which operates on the Avalanche and Arbitrum networks.

The partnership will enable DeltaPrime to safely extend increased borrowing leverage to its users by implementing advanced Borrow Power Recommendation Models for each token on their respective chains. These machine learning-based models will be powered by LWorks's RiskOps-as-a-Service environment, ensuring continuous execution and up-to-date risk assessments.

In addition to enhanced borrowing capabilities, DeltaPrime will utilize LWorks' continuous controls monitoring (CCM) for protocol and market surveillance. This integration is expected to significantly improve DeltaPrime's situational awareness and its ability to manage market risk effectively.

The implementation of enterprise-scale risk management is set to differentiate DeltaPrime from other liquidity markets across various blockchain networks. LWorks' integrated risk management services combine business, protocol, and market financial risk controls into a unified dashboard with real-time computational models and rules.

Key features of the Ledger Works 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 for proactive identification of smart contract-related issues, and sophisticated ML-based financial risk models supporting protocol configuration, optimization, and risk management.

Piotr Duda, CEO of DeltaPrime, emphasized the importance of risk management in liquidity markets, stating, "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, CEO of Ledger Works, expressed enthusiasm about the collaboration, noting the alignment between DeltaPrime's drive for innovation and Ledger Works' approach to risk management. He stated, "By combining their DeFi experience with our comprehensive Risk Management solution, we can elevate their already world-class offering to the market."

The partnership brings together significant expertise in the field of risk management and blockchain technology. Ledger Works boasts over 100 years of combined experience in security, risk management, and big data systems among its leadership team. This includes David Melnick's background as a national partner in Deloitte's Enterprise Risk Services practice, and the expertise of Chief Data Scientist Chintan Mehta, who holds a Ph.D. from Princeton University and has extensive experience in deterministic and stochastic modeling.

DeltaPrime, known for providing secure undercollateralized loans with a focus on maximum capital efficiency, operates on the Avalanche and Arbitrum networks. The company's innovative Diamond Beacon Proxy pattern for smart contracts allows for scalability and rapid integration of new features.

This partnership between DeltaPrime and Ledger Works represents a significant step forward in addressing the complex risk management challenges faced by DeFi platforms. By leveraging advanced technology and expertise, the collaboration aims to create a more secure and efficient environment for decentralized lending, potentially setting new standards for risk management in the DeFi sector.

For more information about the partnership and its implications for DeFi lending, interested parties can visit https://www.lworks.io and https://deltaprime.io.