Elfi Protocol Dex derivative platform starts with $ 100,000
Elfi Protocol Dex derivative platform starts with $ 100,000
Singapore, Singapore, August 14, 2024, Chainwire
The decentralized derivative trade platform, elfi-protokoll officially started today in the arbitrum network.
Elfi is a decentralized derivative trade platform that has set itself the goal of creating a unique and future -oriented trade experience that can compete with centralized stock exchanges (CEX). Elfi is the first platform to implement a portfolio margin and Vamm hybrid model on-chain. In addition, the platform has developed an innovative risk -free liquidity pool for stable coins and a sophisticated risk management system for contracts with different risk levels. The platform strives to better meet the market and user requirements in areas such as risk insulation, asset prize design and support for LSD assets.
introduced innovative functions:
- portfolio margin mode : With this function, users can use various cryptocurrencies as margin assets and thus make more flexible risk protection within their multi-asset portfolios. It improves capital efficiency, lowers the commercial costs and improves the implementation of trade strategies.
- StableCoin liquidity pool without risk : This on-chain-yield product offers returns compared to the rates of the defi industry. Users can deposit stable coins such as USDC or USDT to achieve potential returns without taking the risk of capital loss due to market volatility.
- high-interest liquidity pool with coin margins : This function offers owners of on-chain assets potentially profitable products that are linked to coin prices, including liquidity pools for important cryptocurrencies such as BTC and ETH.
- Support for LSD RE-Staking : The upcoming LSD-Re-Staking function enables a re-staking of synthetic assets such as Steth and thus offers additional return options.
In May this year, Elfi Protocol announced its financing and successfully completed two strategic financing rounds with a total volume of $ 5 million. The last round was led by IDG Capital and Kucoin ventures .
temporally limited event for the Mainset Start
At the celebration of the start, Elfi organizes an event with a first Price pool of 5,000 US dollar . For each trading volume of $ 10 million, the platform adds a further $ 1,000 $ 1,000, with a maximum amount Preispool of $ 100,000 . Users who own betatest nfts can earn accelerated rewards, and every valid user recommendation also leads to accelerated rewards, whereby the maximum acceleration is 5 times.
users who interact with Elfi by making or acting operations can take part in the price pool. The price pool is divided based on the share of each user on the entire interaction volume at the end of the event. The final amount of the price pool will be announced at the end of the event.
nft double rewards for beta users
Users who received the official eleven Elfi NFTs during the beta test can receive an additional 1-2-fold reward
on the Elfi protocol
elfi is a decentralized trading platform for derivatives that focuses on the provision of first -class trading functions. She is the pioneer in the support of portfolio Margin within the P2Pool model and has a sophisticated risk management system for listing contracts with various risk levels. In addition, Elfi introduces innovative liquidity pool designs and offers the first risk-free stable coin liquidity pools and LSD-secured liquidity pools across the board. It strives to better meet the requirements of the market and the user through functions such as risk insulation, asset price design and LST-Asset support.
Contact
Vicky
Elfi protocol
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Source: Coinlist.me