Elk Finance — a cross-chain liquidity network, allowing instant token exchange between chains. Elk.Finance is also trying to provide the first stablecoin (CHFT), available across multiple chains for incredibly fast payments anytime, anywhere.
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Description of the Elk Finance project
ElkFinance — a decentralized exchange for cross-chain liquidity. The Elk ecosystem is a seamless process for anyone, exchanging cryptocurrency.
ElkFinance combines several innovative features:
| 1. | Cross-network service token for transferring values ($ ELK). |
| 2. | Cross-chain value transfer via ElkNet in seconds between all Elk-supported chains. |
| 3. | Cross-chain stablecoin for value transfer and loans ($ CHFT). |
| 4. | Intermittent Loss Protection (ILP) for our liquidity providers |
The ELK token - an ERC20 compliant utility token. The central design element of the Elk network - all pairs of liquidity pools exchange tokens with ELK. This design solution allows value to be transferred between chains in less than a second and provides more liquidity to pools, reducing slippage and fees. 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.
Upon release, CHFT will be the first cross-chain stablecoin. The community has the ability to participate in farming by providing liquidity pairs to bootstrap the Elk network and blocking these pairs in betting contracts. Thus, the bulk of ELK tokens will go to the first users of the Elk crypto exchange network. The sooner you join, the greater your reward will be.
Dapp Elk coin exchange on social media
The site has an introductory document and LitePaper. Thus, any participant can study the features of the project. The RoadMap section marks future updates.
From social networks, the community leads:
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