Arbitrum

Singapore, singapore, May 20th, 2024, Chainwire
<a href="https://www.elfi.xyz/" rel="noopener noreferrer nofollow">ELFi Protocol</a>, a decentralized derivatives trading platform, has successfully completed two rounds of strategic financing, raising a total of $5 million. The latest round with leading investment from IDG Capital and <a href="https://x.com/kucoincom/status/1792496601434657080" rel="noopener noreferrer nofollow">KuCoin Ventures</a>. ELFi Protocol has been launched on the Arbitrum testnet and is conducting an open beta test of the Genesis NFTs.
About ELFi
<a href="https://www.elfi.xyz/" rel="noopener noreferrer nofollow">ELFi</a> is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It's the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first low-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support.
ContactTonyELFi Protocolbusiness2@elfi.xyz
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ELFi Protocol secured $5 million in strategic financing and launched on the Arbitrum testnet

Crypto Daily™

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