ELFi Protocol Officially Launches on Arbitrum Network

Singapore, Singapore, 14th August, 2024, Chainwire

Decentralized derivatives trading platform ELFi Protocol officially launches on Arbitrum today.

ELFi is a decentralized derivatives trading platform dedicated to creating a unique and advanced trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin and vAMM hybrid model on-chain. Moreover, the platform has designed an innovative zero-risk stable coin liquidity pool and a mature risk management system for contracts of various risk levels. The platform strives to better meet market and user needs in areas such as risk isolation, asset pricing, and support for LSD assets.

Among ELFi’s innovative features:

In May this year, ELFi Protocol announced its funding, having successfully completed two rounds of strategic funding, raising a total of $5 million. The latest round was led by IDG Capital and KuCoin Ventures.

Mainnet Launch Limited-Time Event

To celebrate the launch, ELFi is hosting an event with an initial prize pool of $5,000. For every $10 million in trading volume, the platform will add an additional $1,000 to the prize pool, with a maximum prize pool of $100,000. Users holding ELFi’s beta test NFTs can earn accelerated rewards, and each valid user referral will also result in accelerated rewards, with the maximum acceleration being 5x.

Users who interact with ELFi by staking or trading will be eligible to share the prize pool. The prize pool will be divided based on each user’s share of the total interaction volume at the end of the event. The final prize pool amount will be announced at the end of the event.

NFT Double Rewards for Beta Users

Users who obtained the official ELFi NFTs during the beta test can receive an additional 1-2x reward during the event

About ELFi Protocol

ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It’s the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support.

Get in touch with ELFi Protocol to learn more: Vicky, [email protected]