• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

ELFi Protocol launches on Arbitrum with new features

user avatar

by A1

3 months ago


  1. New Features Introduced by ELFi
  2. Mainnet Launch Limited-Time Event
  3. About ELFi Protocol

  4. On August 14, 2024, the decentralized derivatives trading platform ELFi Protocol officially launched on the Arbitrum network. The platform introduced a range of innovative features aimed at creating a unique and advanced trading experience.

    New Features Introduced by ELFi

    ELFi Protocol stands out for implementing the Portfolio Margin mode and vAMM hybrid model directly on-chain. New features include Portfolio Margin Mode, zero-risk stablecoin liquidity pool, and LSD re-staking support. These features are designed to improve capital efficiency, reduce trading costs, and expand earning opportunities.

    Mainnet Launch Limited-Time Event

    To celebrate the launch of Mainnet, ELFi is hosting an event with an initial prize pool of $5,000. For every $10 million in trading volume, the platform adds an additional $1,000 to the prize pool, with the maximum prize pool reaching up to $100,000. Users interacting with the platform can share the prize pool proportionally to their share of the total interaction volume.

    About ELFi Protocol

    ELFi is a decentralized derivatives trading platform that supports Portfolio Margin in the P2Pool model, as well as zero-risk stablecoin liquidity pools and LSD re-staking support. The platform aims to meet market and user needs in risk management and asset valuation.

    The launch of ELFi Protocol on the Arbitrum network and its innovative features mark a significant step in the development of decentralized trading platforms. The platform aims to meet market and user needs by offering advanced features and flexible trading opportunities.

0

Share

Other news

Analysts Predict Significant XRP Price Increase

Amonyx's analysis predicts a sharp XRP rise using Fibonacci levels to $335.

user avatar

17 minutes ago

Potential SEC Leadership Change: Incoming Chair's Pro-Crypto Stance

A pro-crypto SEC chair might take over following Trump's win, signaling significant shifts in cryptocurrency policies.

user avatar

18 minutes ago

Unexpected Notcoin Price Surge: An Analysis

Notcoin sees a significant 27% price surge, sparking optimism among traders and analysts.

user avatar

an hour ago

Qubetics and Solana: Blending Stability and Speed in the Crypto Industry

Qubetics and Solana innovate in blockchain offering stability and high speed for investors.

user avatar

an hour ago

RIP Kamala: the memecoin with potential massive growth

The Solana-based memecoin RIP Kamala could be the next Shiba Inu due to its high liquidity and upcoming listings.

user avatar

an hour ago

Qubetics: Enhancing the Crypto World

Qubetics tackles real-world issues with solutions for scalability and speed.

user avatar

2 hours ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.