Singapore, Singapore, August 14, 2024, Chainwire

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

ELFi is a decentralized derivatives buying and selling platform devoted to creating a singular and future-proof buying and selling expertise similar 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 corresponding to danger isolation, asset pricing, and assist for LSD belongings.

Revolutionary options launched by ELFi:

• Portfolio Margin Mode: This function permits customers to make use of totally different cryptocurrencies as margin belongings, 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-Threat Stablecoin Liquidity Pool: This on-chain yield product gives returns in comparison with DeFi trade charges. Customers can deposit stablecoins corresponding to USDC and USDT to take pleasure in potential returns with out the chance of capital loss on account of market volatility.
• Excessive Yield CoinMargin Liquidity Pool: This function offers a possible high-yield product linked to coin costs for on-chain asset holders, together with liquidity swimming pools for main cryptocurrencies corresponding to BTC and ETH.
• LSD Re-Staking Assist: The upcoming LSD restake function will enable for restake of artificial belongings corresponding to stETH, creating additional incomes alternatives.

ELFi Protocol introduced its funding in Might of this yr, 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 full prize pool at $100,000. Customers who maintain ELFi's beta check NFTs will earn acceleration rewards, and every legitimate person referral may also earn an acceleration reward, with a most acceleration of 5x.

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

2x NFT rewards for beta customers

Customers who get hold of official ELFi NFTs in the course of the beta check will obtain 1-2x additional rewards in the course of the occasion.

In regards to 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 trade's first zero-risk stablecoin liquidity pool and LSD recollateralized liquidity pool. It goals to raised meet market and person demand by way of options corresponding to danger segregation, asset pricing, and LST asset assist.

contact

Vicky
ELFi Protocol
(e-mail handle protected)