DeltaPrime & Ledger Works Collaborate to Enhance DeFi Lending Risk Management
TL;DR
DeltaPrime gains a competitive edge by partnering with Ledger Works to introduce advanced financial risk modeling capabilities for its DeFi lending platform.
The partnership with Ledger Works allows DeltaPrime to deploy sophisticated Borrow Power Recommendation Models for each token on their respective chains, powered by LWorks's RiskOps-as-a-Service environment.
This collaboration makes the world a better place by improving DeltaPrime's financial risk decision-making, giving users greater freedom and better protection at the same time.
Ledger Works, with over 100 years of combined experience in security, risk management, and big data systems, continually develops new and innovative financial models to solve the toughest Web3 challenges.
Found this article helpful?
Share it with your network and spread the knowledge!
DeltaPrime, a non-custodial liquidity market, has announced a strategic partnership with Ledger Works (LWorks) to incorporate advanced financial risk modeling into its Decentralized Lending and Investment Platform, which operates on Avalanche and Arbitrum.
The collaboration with LWorks will enable DeltaPrime to extend increased borrowing leverage to users by employing sophisticated Borrow Power Recommendation Models for each token on their respective chains. LWorks's RiskOps-as-a-Service environment will power these machine learning models for DeltaPrime.
Additionally, DeltaPrime will utilize LWorks's continuous controls monitoring (CCM) for enhanced protocol and market surveillance. This feature aims to provide better situational awareness and market risk management, making DeltaPrime more competitive in the liquidity market.
Key features of Ledger Works's solutions for DeltaPrime include real-time market surveillance, risk-based business monitoring, comprehensive protocol alerts, and sophisticated ML-based financial risk models. These tools are designed to identify operational vulnerabilities and smart contract-related issues proactively.
Ledger Works, with over 100 years of combined experience in security, risk management, and big data systems, brings significant expertise to this partnership. The company's CEO, David Melnick, and CTO, Steve Elfanbaum, along with chief data scientist Chintan Mehta, lead the team.
Piotr Duda, CEO of DeltaPrime, emphasized the importance of risk management in liquidity markets: "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, CEO of Ledger Works, added: "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."
For more information, visit: LWorks and DeltaPrime.
Curated from BlockchainWire
