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The ELFi protocol has secured $5 million in strategic funding and launched on the Arbitrum testnet

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Singapore, Singapore, 20 Could 2024, Chainwire

ELFi Protocol, a decentralized derivatives buying and selling platform, has efficiently accomplished two rounds of strategic funding, elevating a complete of $5 million. Newest spherical with lead funding from IDG Capital and KuCoin Ventures. The ELFi protocol has been launched on the Arbitrum testnet and is conducting an open beta check of the Genesis NFT.

About ELFi

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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 inside the P2Pool mannequin and boasts a complicated threat administration system for itemizing contracts of varied threat ranges. As well as, ELFi is introducing revolutionary liquidity pool designs which might be the primary within the trade to supply low-risk stablecoin liquidity swimming pools and LSD-backed liquidity swimming pools. It seeks to higher meet market and consumer calls for by means of options reminiscent of threat isolation, asset pricing and LST asset assist.

ContactTonyELFi protocolbusiness2@elfi.xyz

This text was initially revealed on Chainwire

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