Singapore, Singapore, August 14, 2024, Chainwire

The decentralized derivatives buying and selling platform, ELFi Protocol, formally launched on the Arbitrum Community as we speak.

ELFi is a decentralized derivatives buying and selling platform devoted to creating a singular and future-proof buying and selling expertise corresponding to centralized exchanges (CEX). ELFi is the primary platform to implement a hybrid mannequin of portfolio margin and vAMM on-chain. As well as, the platform has designed an revolutionary zero-risk secure coin liquidity pool and a mature danger administration system to accommodate contracts with totally different danger ranges. The platform goals to raised meet the wants of the market and customers in areas resembling danger isolation, asset pricing, and help for LSD property.

Revolutionary options launched by ELFi:

• Portfolio Margin Mode: This characteristic permits customers to make use of totally different cryptocurrencies as margin property, enabling extra versatile danger hedging inside a multi-asset portfolio, which improves capital effectivity, reduces buying and selling prices and enhances the implementation of buying and selling methods.
• Zero-risk stablecoin liquidity pool (NASDAQ:): This on-chain yield product affords returns in comparison with DeFi business charges. Customers can deposit stablecoins resembling USDC and USDT to get pleasure from potential returns with out the danger of capital loss attributable to market volatility.
• Excessive Yield CoinMargin Liquidity Pool: This characteristic offers a possible high-yield product linked to coin costs for on-chain asset holders, together with liquidity swimming pools for main cryptocurrencies resembling BTC and ETH.
• LSD Re-Staking Assist: The upcoming LSD restake characteristic will permit for restake of artificial property resembling stETH, creating additional incomes alternatives.

ELFi Protocol introduced its funding in Might of this 12 months, having efficiently accomplished two strategic funding rounds totaling $5 million, with the newest spherical led by IDG Capital and KuCoin Ventures.

Mainnet Launch Restricted Time Occasion

To have a good time the launch, ELFi will host an occasion with an preliminary prize pool of $5,000. For each $10 million in buying and selling quantity, the platform will add $1,000 to the prize pool, capping the entire prize pool at $100,000. Customers who maintain ELFi's beta take a look at NFTs will earn acceleration rewards, and every legitimate consumer referral may even earn an acceleration reward, with a most acceleration of 5x.

Customers who work together with ELFi by staking or buying and selling shall be eligible to share within the prize pool. The prize pool shall be distributed based mostly on the share of every consumer's whole interplay quantity on the finish of the occasion. The ultimate prize pool quantity shall be introduced on the finish of the occasion.

2x NFT rewards for beta customers

Customers who acquire official ELFi NFTs in the course of the beta take a look at will obtain 1-2x additional rewards in the course of the occasion.

Concerning the ELFi Protocol

ELFi is a decentralized derivatives buying and selling platform targeted on offering first-class buying and selling capabilities. It pioneered supporting portfolio margin throughout the P2Pool mannequin and boasts a complicated danger administration system for itemizing contracts with totally different danger ranges. Moreover, ELFi has launched an revolutionary liquidity pool design, providing the business's first zero-risk stablecoin liquidity pool and LSD recollateralized liquidity pool. It goals to raised meet market and consumer demand by options resembling danger segregation, asset pricing, and LST asset help.

• Twitter: https://x.com/ELFi_xyz
• Discord: https://discord.com/invite/PzDTteSZDt

contactVickyELFi Protocol[email protected]

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