Singapore, Singapore, August 28, 2024, Chainwire
Decentralized derivatives buying and selling platform ELFi Protocol not too long ago launched a liquidation subsidy program. Customers who commerce contracts on ELFi Protocol and accumulate buying and selling quantity price greater than 1,000 USDC by midnight UTC on September 15, 2024 might be eligible to obtain as much as 100 USDC as a subsidy for his or her first liquidation losses. The subsidy program will run on a first-come, first-served foundation till the whole subsidy of fifty,000 USDC is exhausted.
Moreover, ELFi Protocol has launched the $DOGS contract in addition to the polymarket contract $TrumpWin, which permits customers to foretell whether or not Donald Trump will win the US presidential election. These newly launched contracts assist each lengthy and quick positions with as much as 20x leverage.
To have a good time the success of the ELFi protocol on Arbitrum, ELFi has additionally launched a neighborhood exercise the place ELFi NFT holders can obtain accelerated rewards of as much as 100,000 USDC. This exercise is at present lively and has many customers collaborating.
In regards to the ELFi Protocol
ELFi is a decentralized derivatives buying and selling platform centered on offering first-class buying and selling capabilities. It pioneered supporting portfolio margin inside the P2Pool mannequin and boasts a complicated danger administration system for itemizing contracts with totally different danger ranges. As well as, ELFi introduces revolutionary liquidity pool design, providing the trade's first zero-risk stablecoin liquidity pool and LSD recollateralized liquidity pool. It goals to higher meet market and person demand by way of options corresponding to danger isolation, asset pricing, and LST asset assist. In Could of this yr, ELFi Protocol introduced fundraising and efficiently accomplished two strategic funding rounds totaling $5 million. The newest spherical was led by IDG Capital and KuCoin Ventures.
- Twitter: https://x.com/ELFi_xyz
- Discord: https://discord.com/invite/PzDTteSZDt
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This text was first printed on Chainwire
