DeFi
DeltaPrime and Ledger Works Partner to Reinvent Risk
San Jose, California, July 30, 2024 (GLOBE NEWSWIRE) —
CONTACT DETAILS:
Ledger Works <> DeltaPrime
David Melnick, press(at)lworks.io
Daniel Abdel Malak, Daniel(at)deltaprime.io
FOR IMMEDIATE RELEASE
DeltaPrime and Ledger Works Partner to Reinvent Risk Management for DeFi Lending
DeltaPrime, a non-custodial liquidity marketplace, partners with Ledger Works (“LWorks”) to introduce advanced financial risk modeling capabilities into its decentralized lending and investing platform, which runs on Avalanche and Arbitrum.
By partnering with LWorks, DeltaPrime will be able to securely extend increased borrowing leverage to its users by deploying sophisticated borrowing power recommendation models for each token on their respective chains. LWorks’ RiskOps-as-a-Service environment will enable the continuous execution of these machine learning-based models for DeltaPrime.
DeltaPrime will also leverage LWorks’ Continuous Control Monitoring (CCM) for protocol and market surveillance, enhancing DeltaPrime’s situational awareness and helping it more effectively manage market risks.
This enterprise-wide risk management will put DeltaPrime tiers above any liquidity market on any chain. LWorks offers integrated risk management services that combine commercial, protocol, and market financial risk controls into a unified dashboard with real-time IT models and rules. These services enable continuous monitoring of the protocol and market. Key features of Ledger Works’ solutions for DeltaPrime will include:
- Real-time market monitoring through intuitive dashboards and alerts.
- Risk-based business monitoring to identify operational vulnerabilities.
- Comprehensive protocol alerts to proactively identify smart contract issues.
- Controls including sophisticated machine learning-based financial risk models supporting protocol configuration, optimization and risk management
LWorks continually develops new innovative financial models to solve the most difficult Web3 challenges.
Ledger Works has over 100 years of experience in security, risk management and big data systems. CEO David Melnick was a national partner in Deloitte’s Enterprise Risk Services practice prior to launching Ledger Works. Chief Technology Officer Steve Elfanbaum was previously co-founder and principal of Asynchrony Solutions.
Chintan Mehta, their lead data scientist, earned his PhD from Princeton University and completed an extensive postdoctoral fellowship at Yale University. Having initially joined the team while at Bridgewater Associates, Chintan brings his expertise in deterministic and stochastic modeling to coordinate the engineering and data science efforts at Ledger Works.
Piotr Duda, CEO of DeltaPrime, says:
“The number one priority for any liquidity marketplace must be risk management. Being able to anticipate and prevent high-risk events is paramount to establishing a sustainable protocol. We believe this extended partnership with Ledger Works enhances our financial risk decision-making, providing our users with greater freedom and protection at the same time.”
David Melnick, CEO of Ledger Works, added:
“The Ledger Works team is excited to partner with DeltaPrime on their DeFi protocol. Their focus on securely delivering 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 in the market.”
About Ledger Works
Ledger Works helps our clients focus on growing their Web3 business while we manage their risk management operations. Today, more than ever, our clients’ success requires effective risk management. As a strategic risk management partner, we help them optimize their financial performance while minimizing downside risk. By leveraging real-time calculation rules, continuous execution of deterministic and simulation models, and real-time market monitoring, Ledger Works enables companies to turn risk into a competitive advantage.
For more information visit: https://www.lworks.io
Media Contact
Tap (at)lworks.io
About Delta Prime
Delta Prime is your prime broker on a mission to unlock the full potential of DeFi. They do this by offering under-collateralized secured loans with a focus on maximum capital efficiency. Built on the foundations of Avalanche and Arbitrum, their Prime account holders know they’re getting fast, reliable transactions for their most important investments.
Built on its inventive Diamond Beacon Proxy model, DeltaPrime’s escrow smart contracts are infinitely scalable and enable the platform to maintain the fastest turnaround time for integrations in the DeFi space.
For more information visit: https://deltaprime.io
Media contact:
Daniel(at)ltaprime.io
