ELFi Protocol, a decentralized derivatives trading platform, has officially launched on the Arbitrum network, offering a unique and forward-looking trading experience that competes with centralized exchanges (CEX). The platform is the first to implement a Portfolio Margin and vAMM hybrid model on-chain, providing users with increased flexibility in risk hedging within their multi-asset portfolios. Additionally, ELFi has introduced innovative features such as a zero-risk stablecoin liquidity pool and a mature risk management system for contracts of various risk levels.
### Portfolio Margin Mode
One of the key features introduced by ELFi is the Portfolio Margin Mode, which allows users to use various cryptocurrencies as margin assets. This feature enhances capital efficiency, reduces trading costs, and enables the implementation of more effective trading strategies. By utilizing multiple cryptocurrencies as margin assets, users can better manage their risk exposure and optimize their trading portfolios.
### Zero-Risk Stablecoin Liquidity Pool
ELFi’s zero-risk stablecoin liquidity pool is another innovative feature that offers users the opportunity to earn returns compared to industry rates in the DeFi space. By depositing stable coins such as USDC or USDT into the liquidity pool, users can enjoy potential returns without the risk of capital loss due to market volatility. This provides a secure and reliable way for users to earn passive income on their stablecoin holdings.
### High-Yield Coin-Margined Liquidity Pool
ELFi also offers a high-yield coin-margined liquidity pool, providing users with the opportunity to earn high yields on their on-chain assets pegged to coin prices. This feature includes liquidity pools for major cryptocurrencies like BTC and ETH, allowing users to access potential high-yield products while holding popular digital assets.
### Support for LSD Re-Staking
In the future, ELFi plans to introduce LSD re-staking, which will allow synthetic assets like stETH to be re-staked, offering additional yield opportunities for users. This feature will further enhance the platform’s offerings and provide users with more options for earning yield on their assets.
ELFi Protocol recently announced successful funding rounds totaling $5 million, with the latest round led by IDG Capital and KuCoin Ventures. The platform has attracted significant investment interest due to its innovative features and commitment to delivering top-notch trading functionalities to users.
To celebrate its mainnet launch, ELFi is hosting a limited-time 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 referrals from valid users can also result in accelerated rewards, with the maximum acceleration being 5x.
Participants who stake or trade on the platform during the event will be eligible to share the prize pool, with the distribution based on each user’s share of the total interaction volume. The final prize pool amount will be announced at the end of the event, providing an exciting opportunity for users to earn rewards while engaging with the platform.
For beta users who obtained the official ELFi NFTs during the testing phase, there is an additional opportunity to receive double rewards during the event. This incentive rewards early adopters of the platform and encourages continued engagement with ELFi Protocol.
ELFi Protocol is dedicated to meeting market and user demands through its innovative features and commitment to delivering a top-notch trading experience. With its focus on risk isolation, asset pricing, and support for LSD assets, ELFi aims to provide users with a comprehensive and advanced platform for decentralized derivatives trading.
For more information about ELFi Protocol and its features, users can follow the platform on Twitter at [https://x.com/ELFi_xyz](https://x.com/ELFi_xyz) and join the Discord community at [https://discord.com/invite/PzDTteSZDt](https://discord.com/invite/PzDTteSZDt). For any inquiries or further information, users can contact Vicky at [email protected]
Through its innovative features and commitment to delivering top-notch trading functionalities, ELFi Protocol aims to establish itself as a leading platform in the decentralized derivatives trading space. With its unique offerings and focus on user experience, ELFi is well-positioned to attract traders and investors looking for a secure and advanced platform for trading derivatives.
