Elk Finance — a cross-chain liquidity network, allowing instant exchange of tokens between chains. Elk.Finance is also committed to providing a stablecoin (CHFT) available across multiple chains for incredibly fast payments anytime, anywhere.
Contents:
About the Elk Finance
Cross-chain value exchange - the next battleground for cryptocurrencies and the next major obstacle to their adoption. Moving or exchanging tokens between chains is currently a very expensive process. The project aims to make this process simple and intuitive. The team aims to be the Forex marketplace for a decentralized economy, enabling value transfer between chains in less than a second.
Some features:
| 1 | The ELK token - an ERC20 compliant utility token that underpins the Elk.Finance ecosystem. |
| 2 | Central to the Elk network structure is the fact that all pairs of liquidity pools exchange tokens with ELK. |
| 3 | This design solution allows value to be transferred between chains in less than a second and provides more liquidity for pools, reducing slippage and fees. ELK also serves as a governance token for the Elk network. |
Elk.Finance aims to support the exchange of arbitrary tokens between chains at a rate of less than a second. By combining a modern liquidity pool system with a decentralized peer-to-peer network, it is possible to achieve fast, reliable and cheap swaps across a variety of chains.
To facilitate cross-network value transfers and payments with minimal risk, the project will release a stablecoin, called CHFT. Upon release, CHFT will be the first gyroscopic cross-chain stablecoin.
Additional information
The site has such introductory documents: LitePaper and Docs. Also, a short description is on the main page. Future updates are noted in the RoadMap section.
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Smart contract audit can be found here.