Singapore, Singapore, August 14th, 2024, Chainwire
The decentralized derivatives buying and selling platform, ELFi Protocol, formally launched in the present day on the Arbitrum community.
ELFi is a decentralized derivatives buying and selling platform devoted to creating a singular and forward-looking buying and selling expertise that rivals centralized exchanges (CEX). ELFi is the primary to implement a Portfolio Margin and vAMM hybrid mannequin on-chain. Moreover, the platform has designed an progressive zero-risk steady coin liquidity pool and a mature threat administration system for contracts of assorted threat ranges. The platform strives to raised meet market and person wants in areas reminiscent of threat isolation, asset pricing, and help for LSD belongings.
Modern Options Launched by ELFi:
- Portfolio Margin Mode: This function permits customers to make use of varied cryptocurrencies as margin belongings, enabling extra versatile threat hedging inside their multi-asset portfolios. It improves capital effectivity, reduces buying and selling prices, and enhances the implementation of buying and selling methods.
- Zero-Danger Stablecoin Liquidity Pool: This on-chain yield product affords returns in comparison with DeFi {industry} charges. Customers can deposit steady cash reminiscent of USDC or USDT to get pleasure from potential returns with out the danger of capital loss as a result of market volatility.
- Excessive-Yield Coin-Margined Liquidity Pool: This function affords potential high-yield merchandise pegged to coin costs for on-chain asset holders, together with liquidity swimming pools for main cryptocurrencies like BTC and ETH.
- Help for LSD Re-Staking: The upcoming LSD re-staking function will enable artificial belongings like stETH to be re-staked, offering extra yield alternatives.
In Might of this yr, ELFi Protocol introduced its funding, efficiently finishing two strategic funding rounds totaling $5 million. The newest spherical was led by IDG Capital and KuCoin Ventures.
Mainnet Launch Restricted-Time Occasion
To have fun the launch, ELFi is internet hosting an occasion with an preliminary prize pool of $5,000. For each $10 million in buying and selling quantity, the platform will add an extra $1,000 to the prize pool, with a most prize pool of $100,000. Customers holding ELFi’s beta check NFTs can earn accelerated rewards, and every legitimate person referral can even end in accelerated rewards, with the utmost acceleration being 5x.
Customers who work together with ELFi by staking or buying and selling might be eligible to share the prize pool. The prize pool might be divided primarily based on every person’s share of the whole interplay quantity on the finish of the occasion. The ultimate prize pool quantity might be introduced on the finish of the occasion.
NFT Double Rewards for Beta Customers
Customers who obtained the official ELFi NFTs through the beta check can obtain an extra 1-2x reward through the occasion
About ELFi Protocol
ELFi is a decentralized derivatives buying and selling platform that focuses on delivering top-notch buying and selling functionalities. It’s the pioneer in supporting Portfolio Margin throughout the P2Pool mannequin, and boasts a complicated threat administration system for itemizing contracts of assorted threat ranges. Moreover, ELFi introduces progressive liquidity pool designs, providing industry-first zero-risk stablecoin liquidity swimming pools and LSD re-collateralized liquidity swimming pools. It strives to raised meet market and person calls for by means of options like threat isolation, asset pricing, and LST asset help..
Contact
Vicky
ELFi Protocol
[email protected]
