TVL in GM vaults
DeltaPrime’s mission is to add value to partnerprotocols with otherwise idle funds. Through the use of trustless undercollateralization, we’re able to deepen pools of our partners, making the chain as a whole more efficient. Therefore the primary end result is the increase of GM’s liquidity pools.

GLP / GM TVL
Although DeltaPrime has recently launched on Arbitrum, it has amassed a total GLP value of $870,229. Every asset, including GM competes with the alternatives on the platform, like GLP. So far GLP has been wildly successful on DeltaPrime’s Avalanche version, resulting in DeltaPrime contributing to 35% - 40% of GLP’s growth on Avalanche during its prime time (DeltaPrime and GMX on Avalanche | elvis | Flipside 1).

GLP contributors already believe in the success of GMX, which means they are likely to be the first to move their GLP positions into GM. Given that this grant intends to incentivize just that, we will track the TVL of GLP divided by the TVL of GM as a measure of success. The closer this number comes to 0, the more successful the incentive program.

Savings Utilization ratios
Lastly, DeltaPrime’s ability to lend undercollateralized and trustless, allows it to reach arbitrarily high utilization ratios. While a buffer is in place to prevent credit crunches, a high utilization ratio means that a larger part of the supplied capital is being reinvested into the Arbitrum DeFi ecosystem. By achieving high utilization ratios, we not only directly benefit the GM pools, but the ecosystem as a whole as well, since less capital is needed for the same GM allocation (capital that can be used on either GMX, or any other platforms in the ecosystem). While supplied capital will increase simultaneously, we believe that this incentive program can, and should, measure its success partially by the utilization ratios it achieves.