Singapore, Singapore, August 14th, 2024, Chainwire
The decentralized derivatives buying and selling platform, ELFi Protocol, formally launched at present 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 revolutionary zero-risk steady coin liquidity pool and a mature danger administration system for contracts of varied danger ranges. The platform strives to raised meet market and person wants in areas equivalent to danger isolation, asset pricing, and help for LSD property.
Progressive Options Launched by ELFi:
- Portfolio Margin Mode: This characteristic permits customers to make use of varied cryptocurrencies as margin property, enabling extra versatile danger 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-Threat Stablecoin Liquidity Pool: This on-chain yield product presents returns in comparison with DeFi {industry} charges. Customers can deposit steady cash equivalent to USDC or USDT to take pleasure in potential returns with out the danger of capital loss resulting from market volatility.
- Excessive-Yield Coin-Margined Liquidity Pool: This characteristic presents 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.
- Assist for LSD Re-Staking: The upcoming LSD re-staking characteristic will permit artificial property like stETH to be re-staked, offering extra yield alternatives.
In Might of this 12 months, ELFi Protocol introduced its funding, efficiently finishing two strategic funding rounds totaling $5 million. The most recent spherical was led by IDG Capital and KuCoin Ventures.
Mainnet Launch Restricted-Time Occasion
To have a good time 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 a further $1,000 to the prize pool, with a most prize pool of $100,000. Customers holding ELFi’s beta take a look at NFTs can earn accelerated rewards, and every legitimate person referral can even lead to accelerated rewards, with the utmost acceleration being 5x.
Customers who work together with ELFi by staking or buying and selling can be eligible to share the prize pool. The prize pool can be divided based mostly on every person’s share of the overall interplay quantity on the finish of the occasion. The ultimate prize pool quantity can be introduced on the finish of the occasion.
NFT Double Rewards for Beta Customers
Customers who obtained the official ELFi NFTs in the course of the beta take a look at can obtain a further 1-2x reward in the course of 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 inside the P2Pool mannequin, and boasts a complicated danger administration system for itemizing contracts of varied danger ranges. Moreover, ELFi introduces revolutionary 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 via options like danger isolation, asset pricing, and LST asset help..
Contact
Vicky
ELFi Protocol
business2@elfi.xyz
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