Arbitrum

Singapore, singapore, May 20th, 2024, Chainwire 
<a href="https://www.elfi.xyz/" rel="noopener noreferrer nofollow" target="_blank">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" target="_blank">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" target="_blank">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. 
<h5>Contact</h5>Tony ELFi Protocol business2@elfi.xyz 
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ELFi Protocol secured $5 million in strategic financing and launched on the Arbitrum testnet (21 May)

Chainwire

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