ELFi Protocol Secured $5 Million in Strategic Financing and Launched on the Arbitrum Testnet

ELFi Protocol Secured $5 Million in Strategic Financing and Launched on the Arbitrum Testnet

PENGY May 21, 2024, 12:02 pm Facebook Twitter


[PRESS RELEASE – Singapore, Singapore, May 20th, 2024]

ELFi Protocol, 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 KuCoin Ventures. ELFi Protocol has been launched on the Arbitrum testnet and is conducting an open beta test of the Genesis NFTs.

About ELFi

ELFi 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.

The post ELFi Protocol Secured $5 Million in Strategic Financing and Launched on the Arbitrum Testnet appeared first on CryptoPotato.

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