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
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

ELFi Protocol secured $5 million in strategic financing and launched on the Arbitrum testnet

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