top of page

Powered by
Insurance Safety Module


Safety Module
FAQ
Safety Module
For Projects / DAOs
If you as an end user can not withdraw your deposit from DeltaPrime (for example there is a hack or bug on x Protocol and the loss is so large and severe that the value of collateral backing the Prime Accounts is not enough to cover the debt of Prime Accounts) you will receive compensation that DeltaPrime will withdraw and redistribute from the Safety Module.
Similar to Aave Safety module, DeltaPrime Safety Module is a smart contract-based security layer made of smart contracts and staked assets which provides protection to the DeltaPrime protocol and its users.
For the users of DeltaPrime protocol, DeltaPrime Safety Module provides asset-backed guarantees of safety and soundness.
For the stakers, Safety Module provides a selection of staking pools which provide yield funded by DeltaPrime protocol fees, in exchange for providing a stake and sharing the risks with other stakers. Just like on most staking platforms, there is a small probability that stake may get slashed should DeltaPrime protocol suffer from a shortfall event.
Staking Pool APY depends on supply & demand, and set programmatically, just like interest rates in lending markets like Aave and Compound are set programmatically based on utilization of capital pools.
A Shortfall Event may occur when DeltaPrime Depositors or Prime Account Holders can't withdraw their deposits. For example, hacks or attacks on a DeFi protocol which DeltaPrime integrates with is so large and severe that the value of collateral backing the Prime Accounts is not enough to cover the debt of Prime Accounts. Or if a whitehat discovers a critical bug, and receives a payout under the DeltaPrime Bug Bounty program so large that the DeltaPrime Insurance fund is fully exhausted and there is not enough funds to pay the whitehat the full Bounty amount.
In exchange for staking token into Safety Module stakers are getting rewards - a share of DeltaPrime protocol fees. You can claim the rewards at any time.
Most pools give rewards in USDC.
Earn Real Yield: Stakers receive a % of DeltaPrime Protocol fees. Rewards are accrued in real-time in exchange for adding liquidity into the Safety Module.
Make your favorite DeFi protocol receive deposits from DeltaPrime.
You can support your favourite protocol to become integrated with DeltaPrime to begin receiving deposits from DeltaPrime users, or increase the cap if an integration already exists (integration cap is the maximum amount of deposits DeltaPrime could send to such protocol).
Make your favorite token get listed as Collateral
You can support your favourite token to get listed as collateral in DeltaPrime so that you can borrow and farm on DeltaPrime without having to sell your favorite token.
Diversify Your Portfolio: Safety Module offers a unique chance to diversify your portfolio with an uncorrelated asset (Safety Module Pool Token), while actively contributing to the safety and stability of the Web3 ecosystem.
Stakers can withdraw their funds after a cooldown period specified in the Pool Details page. For example, if the pool has a Cooldown Period of 1 day, and you send a request for withdrawal now, you can execute the withdrawal transaction 24 hours (1 day) later.
The Pool Cap is a limit of the maximum amount of tokens that can be deposited into a pool. If the Pool Cap is reached, this means the pool is "Sold Out" and no longer accepting liquidity.
When the pool is Sold Out, (meaning that the pool has reached its maximum capacity and amount of deposits equal its Pool Cap), you can either:
A) Choose another pool
OR
B) Wait until either somebody else exits the pool
OR
C) Watch for announcements of Pool Cap being increased.
Atomica is a protocol to deploy two-sided insurance markets.
Using Atomica, DeFi protocols can deploy, bootstrap and manage their own Safety Module. For example, protocols such as DeltaPrime can deploy and embed protection and insurance of any kind, including smart contract hacks/bugs, de-peg of stablecoins and LSDs, economic attacks, oracle failure etc, and even boost the amount of Bug Bounties they offer using 3rd party capital from depositors in their Safety Module.
Atomica's mission is to reduce risk for DeFi users by offering a range of protection options and provide capital efficiency for liquidity providers (stakers).
Research and development of Atomica was funded by grants from Maker DAO, Balancer, Filecoin, The Graph and Protofire.
Safety Modules powered by
© 2023
bottom of page