The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network, offering unique and advanced trading features.

Introduction to ELFi Protocol

ELFi Protocol is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin and vAMM hybrid model on-chain. Additionally, the platform has designed an innovative zero-risk stable coin liquidity pool and a mature risk management system for contracts of various risk levels to better meet market and user needs in areas such as risk isolation, asset pricing, and support for LSD assets.

Innovative Features of ELFi

The platform introduced several key innovations:

1. Portfolio Margin Mode: This feature allows users to use various cryptocurrencies as margin assets, improving capital efficiency, reducing trading costs, and enhancing the implementation of trading strategies.

2. Zero-Risk Stablecoin Liquidity Pool: This on-chain yield product offers returns comparable to DeFi industry rates without the risk of capital loss due to market volatility.

3. High-Yield Coin-Margined Liquidity Pool: This feature offers potential high-yield products pegged to coin prices for on-chain asset holders, including liquidity pools for major cryptocurrencies like BTC and ETH.

4. Support for LSD Re-Staking: The upcoming LSD re-staking feature will allow synthetic assets like stETH to be re-staked, providing additional yield opportunities.

Launch Event

To celebrate the launch, ELFi is hosting an event with a prize pool of $5000. For every $10 million in trading volume, the platform will add an additional $1000 to the prize pool, up to a maximum of $100,000. Users interacting with the platform through staking or trading will be eligible to share the prize pool, which will be distributed based on the volume of interaction.

The launch of ELFi Protocol on the Arbitrum network represents an important step in the development of decentralized trading platforms, offering users innovative solutions and opportunities to increase their earnings.