ELFi Protocol Introduces Liquidation Subsidy, Launches DOGS and Polymarket 20x Contracts

Singapore, Singapore, August twenty eighth, 2024, Chainwire

The decentralized derivatives buying and selling platform ELFi Protocol has just lately launched a liquidation subsidy program. Previous to September fifteenth, 2024, 0:00 UTC, customers who conduct contract buying and selling on the ELFi Protocol and accumulate a buying and selling quantity of a minimum of 1,000 USDC equal can be eligible to obtain a most of 100 USDC as a subsidy for his or her first-time liquidation losses. This subsidy program can be applied on a first-come, first-served foundation, till the entire subsidy quantity 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-introduced contracts help each lengthy and quick positions, with a most leverage of 20x.

To have fun the profitable launch of ELFi Protocol on Arbitrum, ELFi have additionally initiated a group exercise the place holders of ELFi NFTs will obtain accelerated rewards, with a most of 100,000 USDC up for grabs. This exercise is at the moment in full swing, and quite a lot of customers take part in it.

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 assorted threat ranges. Moreover, ELFi introduces progressive 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 consumer calls for via options like threat isolation, asset pricing, and LST asset help. In Might of this yr, 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.

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