ELFi Protocol, a DEX Derivatives Platform, Officially Launched with a $100,000 Airdrop Event

Singapore,
Singapore,
August
14th,
2024,
Chainwire

The
decentralized
derivatives
trading
platform,

ELFi
Protocol,
officially
launched
today
on
the
Arbitrum
network.

ELFi
is
a
decentralized
derivatives
trading
platform
dedicated
to
creating
a
unique
and
forward-looking
trading
experience
that
rivals
centralized
exchanges
(CEX).
ELFi
is
the
first
to
implement
a
Portfolio
Margin
and
vAMM
hybrid
model
on-chain.
Additionally,
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.

Innovative
Features
Introduced
by
ELFi:

• 
  Portfolio
  Margin
  Mode:
  This
  feature
  allows
  users
  to
  use
  various
  cryptocurrencies
  as
  margin
  assets,
  enabling
  more
  flexible
  risk
  hedging
  within
  their
  multi-asset
  portfolios.
  It
  improves
  capital
  efficiency,
  reduces
  trading
  costs,
  and
  enhances
  the
  implementation
  of
  trading
  strategies.
• 
  Zero-Risk
  Stablecoin
  Liquidity
  Pool:
  This
  on-chain
  yield
  product
  offers
  returns
  compared
  to
  DeFi
  industry
  rates.
  Users
  can
  deposit
  stable
  coins
  such
  as
  USDC
  or
  USDT
  to
  enjoy
  potential
  returns
  without
  the
  risk
  of
  capital
  loss
  due
  to
  market
  volatility.
• 
  High-Yield
  Coin-Margined
  Liquidity
  Pool:
  This
  feature
  offers
  potential
  high-yield
  products
  pegged
  to
  coin
  prices
  for
  on-chain
  asset
  holders,
  including
  liquidity
  pools
  for
  major
  cryptocurrencies
  like
  BTC
  and
  ETH.
• 
  Support
  for
  LSD
  Re-Staking:
  The
  upcoming
  LSD
  re-staking
  feature
  will
  allow
  synthetic
  assets
  like
  stETH
  to
  be
  re-staked,
  providing
  additional
  yield
  opportunities.

In
May
of
this
year,
ELFi
Protocol
announced
its
funding,
successfully
completing
two
strategic
funding
rounds
totaling
$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..

Contact

Vicky
ELFi
Protocol
[email protected]