Singapore, Singapore, August 28, 2024, Chainwire
Decentralized derivatives trading platform ELFi Protocol recently launched a liquidation subsidy program. Before September 15, 2024, 0:00 UTC, users who trade contracts on ELFi Protocol and accumulate a trading volume of no less than the equivalent of 1,000 USDC will be eligible to receive a maximum of 100 USDC as a first loss liquidation subsidy. This subsidy program will be implemented on a first-come, first-served basis until the total subsidy amount of 50,000 USDC is exhausted.
In addition, ELFi Protocol launched 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 newly launched contracts support both long and compact positions, with a maximum leverage of 20x.
To celebrate the successful launch of the ELFi protocol on Arbitrum, ELFi also initiated a community activity where ELFi NFT holders will receive accelerated rewards, with up to 100,000 USDC to be won. This activity is currently in full swing and has many users participating.
About the ELFi protocol
ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading features. It pioneered the Margin Portfolio P2Pool model and boasts an advanced risk management system for listing contracts with different risk levels. Furthermore, ELFi is introducing groundbreaking liquidity pool designs, offering the industry’s first zero-risk stablecoin liquidity pools and LSD recollateralized liquidity pools. It aims to better meet the needs of the market and users through features such as risk isolation, asset pricing, and LST asset support. In May this year, ELFi protocol announced its funding, successfully completing two strategic funding rounds worth a total of $5 million. The latest round was led by IDG Capital and KuCoin Ventures.
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ContactMarketingTonyELFi Protocolbiznes2@elfi.xyz
