Singapore, Singapore, 28 August 2024, Chainwire
Decentralized derivatives buying and selling platform ELFi Protocol not too long ago launched a liquidation subsidy program. Earlier than September 15, 2024, 0:00 UTC, customers who carry out contract buying and selling on the ELFi protocol and accumulate commerce quantity of at the least 1,000 USDC equal will likely be eligible to obtain a most of 100 USDC as a subsidy for his or her first time liquidation losses. This grant program will likely be applied on a first-come, first-served foundation till the overall grant quantity of USD 50,000 is exhausted.
As well as, ELFi Protocol has launched the $DOGS contract in addition to the Polymarket $TrumpWin contract, which permits customers to foretell whether or not Donald Trump will win the US presidential election. These newly launched contracts help each lengthy and brief positions with a most leverage of 20x.
To have fun the profitable launch of the ELFi Protocol on Arbitrum, ELFi has additionally launched a neighborhood exercise the place ELFi NFT holders will obtain accelerated rewards, with a most of 100,000 USDC up for grabs. This exercise is at present in full swing and lots of customers are collaborating.
Concerning the ELFi protocol
ELFi is a decentralized derivatives buying and selling platform that focuses on offering cutting-edge buying and selling performance. It’s a pioneer in supporting Portfolio Margin throughout the P2Pool mannequin and boasts a classy danger administration system for itemizing contracts of assorted danger ranges. Moreover, ELFi is introducing revolutionary liquidity pool designs which are the primary within the trade to supply zero-risk stablecoin liquidity swimming pools and LSD-backed liquidity swimming pools. It seeks to higher meet market and consumer calls for by way of options corresponding to danger isolation, asset pricing and LST asset help. In Could of this yr, ELFi Protocol introduced its funding and efficiently accomplished two strategic funding rounds totaling $5 million. The final spherical was led by IDG Capital and KuCoin Ventures.
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This text was initially printed on Chainwire
