ELFi Protocol DEX Derivatives Platform Launches with $100,000 Airdrop

Singapore, Singapore, August 14th, 2024, Chainwire

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

ELFi is a decentralized derivatives buying and selling platform devoted to creating a novel 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 modern zero-risk steady coin liquidity pool and a mature threat administration system for contracts of varied threat ranges. The platform strives to higher meet market and person wants in areas comparable to threat isolation, asset pricing, and help for LSD belongings.

Modern 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. 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 comparable to USDC or USDT to get pleasure from potential returns with out the chance of capital loss on account of market volatility.
• Excessive-Yield Coin-Margined Liquidity Pool: This function 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 function will enable artificial belongings like stETH to be re-staked, offering extra yield alternatives.

In Could 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 fun 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 check NFTs can earn accelerated rewards, and every legitimate person referral may even lead to accelerated rewards, with the utmost acceleration being 5x.

Customers who work together with ELFi by staking or buying and selling will likely be eligible to share the prize pool. The prize pool will likely be divided based mostly on every person’s share of the entire interplay quantity on the finish of the occasion. The ultimate prize pool quantity will likely be introduced on the finish of the occasion.

NFT Double Rewards for Beta Customers

Customers who obtained the official ELFi NFTs through the beta check can obtain a further 1-2x reward through 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 throughout the P2Pool mannequin, and boasts a complicated threat administration system for itemizing contracts of varied threat ranges. Moreover, ELFi introduces modern liquidity pool designs, providing industry-first zero-risk stablecoin liquidity swimming pools and LSD re-collateralized liquidity swimming pools. It strives to higher meet market and person calls for via options like threat isolation, asset pricing, and LST asset help..

Contact

Vicky
ELFi Protocol
[email protected]