The decentralized derivatives trading platform ELFi Protocol has announced the launch of a liquidation subsidy program and introduced new trading contracts.
Liquidation Subsidy Program
Prior to September 15th, 2024, 0:00 UTC, users who conduct contract trading on the ELFi Protocol and accumulate a trading volume of no less than 1,000 USDC equivalent will be eligible to receive a subsidy of up to 100 USDC for their first-time liquidation losses. This subsidy program will be implemented on a first-come, first-served basis, until the total subsidy amount of 50,000 USDC is exhausted.
New Contracts
ELFi Protocol has also introduced the $DOGS contract, as well as the Polymarket $TrumpWin contract, which allows users to predict whether Donald Trump will win the US presidential election. These contracts support both long and short positions, with a maximum leverage of 20x.
Arbitrum Launch and Community Activity
To celebrate the successful launch of ELFi Protocol on Arbitrum, ELFi has initiated a community activity where holders of ELFi NFTs will receive accelerated rewards, with a maximum of 100,000 USDC up for grabs. This activity is currently in full swing, with many users participating.
ELFi Protocol continues to evolve, providing new opportunities for users and introducing innovative solutions. The platform aims to meet market and user demands through various features and improvements.
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