Singapore, Singapore, August 14th, 2024, Chainwire
The decentralized derivatives buying and selling platform, ELFi Protocol, formally launched right now on the Arbitrum community.
ELFi is a decentralized derivatives buying and selling platform devoted to creating a distinctive 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 progressive zero-risk steady coin liquidity pool and a mature danger administration system for contracts of varied danger ranges. The platform strives to higher meet market and consumer wants in areas equivalent to danger isolation, asset pricing, and help for LSD belongings.
Revolutionary Options Launched by ELFi
Portfolio Margin Mode
This function permits customers to make use of varied cryptocurrencies as margin belongings, enabling extra versatile danger 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 provides returns in comparison with DeFi {industry} charges. Customers can deposit stablecoins equivalent to USDC or USDT to get pleasure from potential returns with out the chance of capital loss attributable to market volatility.
Excessive-Yield Coin-Margined Liquidity Pool
This function provides 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 permit artificial belongings like stETH to be re-staked, offering further yield alternatives.
In Might 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 Event
To have a good time 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 $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 consumer referral will even lead to accelerated rewards, with the utmost acceleration being 5x.
Customers who work together with ELFi by staking or buying and selling can be eligible to share the prize pool. The prize pool can be divided based mostly on every consumer’s share of the entire interplay quantity on the finish of the occasion. The ultimate prize pool quantity can be introduced on the finish of the occasion.
NFT Double Rewards for Beta Customers
Customers who obtained the official ELFi NFTs throughout the beta check can obtain a further 1-2x reward throughout 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 inside the P2Pool mannequin and boasts a refined danger administration system for itemizing contracts of varied danger 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 higher meet market and consumer calls for via options like danger isolation, asset pricing, and LST asset help.
Go to their Twitter/X Page and Discord Channel to know extra.
Vicky
ELFi Protocol
[email protected]
