Singapore, Singapore, August 14, 2024, Chainwire
decentralized derivatives buying and selling platform, ELFi ProtocolFormally launched immediately on the Arbitrum community.
ELFi is a decentralized derivatives buying and selling platform devoted to creating a singular and visionary buying and selling expertise that rivals centralized exchanges (CEX). ELFi is the primary to implement portfolio margin and vAMM hybrid fashions on-chain. Moreover, the platform has designed an progressive zero-risk steady coin liquidity pool and a mature threat administration system for contracts of various threat ranges. The platform strives to higher meet market and consumer wants in areas resembling threat isolation, asset pricing, and assist for LSD belongings.
Progressive options launched by ELFi:
- Portfolio Margin Mode: This function permits customers to make use of numerous cryptocurrencies as margin belongings, enabling extra versatile threat hedging inside their multi-asset portfolios. This 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 gives returns corresponding to DeFi {industry} charges. Customers can deposit stablecoins resembling USDC or USDT to take pleasure in potential returns with out the danger of capital loss as a result of market fluctuations.
- Excessive-Yield Coin-Margin Liquidity PoolThe function supplies doubtlessly high-yield merchandise tied to coin costs for on-chain asset holders, together with liquidity swimming pools for main cryptocurrencies resembling BTC and ETH.
- Help for LSD re-stakingThe upcoming LSD re-staking function will permit artificial belongings like sETH to be re-staken, offering further revenue alternatives.
In Could this yr, ELFi Protocol introduced its funding, having efficiently accomplished two strategic funding rounds totaling $5 million. The newest spherical was led by IDG Capital and KuCoin Ventures,
Mainnet Launch Restricted Time Occasion
To rejoice the launch, ELFi is internet hosting a kick-off occasion Prize money $5,000For each $10 million in buying and selling quantity, the platform will add an extra $1,000 to the prize pool, with a most restrict of $1,000. Prize Money $100,000Customers holding ELFi’s beta check NFTs can earn accelerated rewards, and each legitimate consumer referral may also end in accelerated rewards, with a most acceleration of 5x.
Customers who work together with ELFi by means of staking or buying and selling will probably be eligible to share the prize pool. The prize pool will probably be divided primarily based on every consumer’s share of the whole interplay quantity on the finish of the occasion. The ultimate prize pool quantity will probably be introduced on the finish of the occasion.
NFT Double Rewards for Beta Customers
Customers who obtain official ELFi NFTs throughout beta testing can obtain an extra 1-2x reward throughout the occasion
About ELFi Protocol
ELFI It’s a decentralized derivatives buying and selling platform that focuses on offering top-tier buying and selling performance. It’s a pioneer in supporting portfolio margin throughout the P2Pool mannequin, and boasts a complicated threat administration system for itemizing contracts of various threat ranges. Moreover, ELFi introduces progressive liquidity pool design, offering the industry-first zero-risk stablecoin liquidity pool and LSD re-collateralized liquidity pool. It strives to higher meet market and consumer calls for by means of options resembling threat isolation, asset pricing, and LST asset assist.
Contact
Vicky
ELFi Protocol
(email protected)
