Singapore, Singapore, August 28, 2024, Chainwire
Decentralized derivatives trading platform ELFi Protocol has recently launched a liquidation subsidy program. Before September 15, 2024 at 0:00 UTC, users who trade contracts on ELFi Protocol and accumulate a trading volume equivalent to no less than 1,000 USDC will be eligible to receive a maximum of 100 USDC as a subsidy for their initial liquidation losses. This subsidy program will be implemented on a first-come, first-serve basis until the total subsidy amount of 50,000 USDC is exhausted.
Additionally, ELFi Protocol has launched the $DOGS contract, as well as Polymarket’s $TrumpWin contract, which allows users to predict whether Donald Trump will win the US presidential election. These newly introduced contracts support long and short positions, with a maximum leverage of 20x.
To celebrate the successful launch of the ELFi Protocol on Arbitrum, ELFi has also started a community activity where ELFi NFT holders will receive accelerated rewards, with a maximum of 100,000 USDC up for grabs. This activity is currently in full swing and many users are participating in it.
About ELFi Protocol
ELFi is a decentralized derivatives trading platform that focuses on delivering top-tier trading functionalities. It pioneers Portfolio Margin support within the P2Pool model and features a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering the industry’s first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands 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 totaling $5 million. The latest round was led by IDG Capital and KuCoin Ventures.
- Twitter: https://x.com/ELFi_xyz
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ContactMarketingTonyELFi Protocol[email protected]
This article was originally published on Chainwire
