Delta Finance (DELTA)

Delta Finance

Total supply	45,000,000 DELTA
Website	http://delta.financial/

Basics

• Started in / Announced on: 10-2-2021
• Mainnet release:

• From their Medium (19-2-2021):

"Delta is an on-chain options layer which utilizes a combination of liquidity standards to reduce premiums and offer competitive options prices."

History

• From the introduction (10-2-2021):

"Delta will serve as an important building block for coreDEX. The token will be working conjointly inside CORE’s ecosystem to enhance its overall utility and address the need for options and futures. coreDEX DELTA is the first part of the coreDEX infrastructure."

Token

Token Allocation

• From the introduction (10-2-2021):

"~46% (20,700,000 DELTA): Liquidity Reserve Vault

~4% (1,800,000 DELTA): Bonding Curve Liquidity

~23% (10,350,000 DELTA): Delta Team Fund

~17% (7,650,000 DELTA): Strategic Partnerships & Growth

~10% (4,500,000 DELTA): R&D Fund"

Utility

• From the introduction (10-2-2021):

"CORE token holders are fully integrated in Delta’s options layer. Parts of the profits generated from Vault strategies, Options, Open Vesting Liquidity and future features will be distributed to the CORE ecosystem and used to auto market buy the CORE token. CORE LP & CORE token holders may stake their assets in the upcoming coreDEX Migration Contract to participate in early fee sharing during coreDEX alpha and beta."

• From their blog (12-2-2021):

"Delta tokens can be staked in the Deep Farming Vault to earn yield from the overall system. They can also be used to increase your yield performance through a locking and burning mechanism."

• DELTA has burns, rLP is a yield farming token which pays its rewards in ETH and DELTA (18-2-2021).

Other Details

• From their blog (18-2-2021):

"Two tokens work together inside the system to achieve Delta’s Open Vesting Liquidity. The Delta token, which creates vesting schedules upon transfer and the rLP token which secures the infrastructure through the locking of assets."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed here.
• Built on: Ethereum and cVault.Finance

How it works

• From CoinDesk (1-4-2021):

"Delta is a token system that could potentially solve a real issue in the space. Users vest their tokens for two weeks after every transfer, providing a guaranteed lock-up period and therefore a knowable metric for creating cheap, short-term options contracts. It’s novel, if nerdy. The system also employs a “rebasing” mechanism to stabilize the token’s price, essentially by trading these locked-up coins against themselves. (Decrypt offers a plausible explanation for why this system isn’t wash trading.)"

Staking

• From the introduction (10-2-2021):

"To launch Delta, a new staking mechanism called Limited Staking Window (LSW) is deployed. For a limited time, users can stake Ethereum towards a new type of token. The staked contributions in the LSW remain locked. Once the Limited Staking Window closes, participants will receive rLP Tokens. These tokens are limited in supply through the aforementioned Liquidity Rebasing mechanism. The LSW will distribute rLP tokens to all Stakers at face value after the window closes."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

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