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ELFi Protocol Launches on Arbitrum with Innovative Trading Features

Discover how ELFi Protocol revolutionizes decentralized derivatives trading with unique features and a limited-time launch event
Published on 2024-08-15

ELFi Protocol Launch on Arbitrum

The decentralized derivatives trading platform, ELFi Protocol, has officially launched on the Arbitrum network. ELFi is set to transform the trading landscape by offering a decentralized solution that rivals traditional centralized exchanges. Key innovations include the introduction of a Portfolio Margin and vAMM hybrid model on-chain, a zero-risk stablecoin liquidity pool, and an advanced risk management system designed for contracts across various risk levels.

Innovative Features of ELFi

Portfolio Margin Mode

This mode allows traders to use a diverse range of cryptocurrencies as margin assets. The feature enhances capital efficiency, reduces trading costs, and allows for more effective risk hedging within multi-asset portfolios.

Zero-Risk Stablecoin Liquidity Pool

ELFi introduces a unique zero-risk stablecoin liquidity pool, offering returns that are competitive with DeFi industry standards. Users can deposit stablecoins like USDC or USDT, enjoying potential returns without the risk of capital loss from market volatility.

High-Yield Coin-Margined Liquidity Pool

For holders of on-chain assets, ELFi offers high-yield products pegged to major cryptocurrencies such as BTC and ETH. This feature provides attractive earning opportunities for liquidity providers.

Support for LSD Re-Staking

The upcoming LSD re-staking feature will enable synthetic assets like stETH to be re-staked. This presents additional yield opportunities for users, thereby expanding the potential for earnings in the ELFi ecosystem.

Successful Funding and Strategic Partnerships

Earlier this year, ELFi secured $5 million through two strategic funding rounds, highlighting the platform's potential and appeal to investors. Notable participants included IDG Capital and KuCoin Ventures.

Mainnet Launch Event

To celebrate its launch, ELFi is hosting a limited-time event featuring a prize pool starting at $5,000. The prize pool can increase up to $100,000 based on trading volume milestones. Participants engaging in staking or trading activities, especially those with ELFi's beta test NFTs, can earn accelerated rewards during this event.

ELFi Protocol's Vision

ELFi aims to provide top-tier decentralized trading functionalities, pioneering the integration of Portfolio Margin within the P2Pool model. With its innovative liquidity pool designs and sophisticated risk management, ELFi is set to meet evolving market and user demands effectively. The platform's focus on risk isolation, asset pricing, and support for LSD assets positions it as a leader in the decentralized trading sphere.

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