The decentralized derivatives trading platform ELFi Procotol recently launched a liquidation subsidy. Before 0:00 UTC on September 15, 2024, users who trade contracts on ELFi Protocol and whose cumulative trading volume is not less than 1000 USDC will receive a first liquidation loss subsidy of up to 100 USDC. The subsidy plan is implemented on a first-come, first-served basis, with a total subsidy of 50,000 USDC, which will be issued while stocks last.

At the same time, ELFi Protocol has launched the $DOGS contract. ELFi has also launched the Polymarket contract $TrumpWin to predict whether Trump will win the US election. The newly launched contract supports long and short operations and can provide up to 20x leverage.

To celebrate the successful launch on Arbitrum, ELFi Protocol also launched a community event where users holding ELFi NFTs will receive accelerated rewards, with a maximum reward of 100,000 USDC.

It is reported that the decentralized derivatives trading platform ELFi is committed to providing a derivatives interactive experience comparable to that of centralized exchanges (CEX). ELFi is the first to implement the Portfolio Margin and vAMM hybrid model on the chain, and innovatively designed a zero-risk stablecoin liquidity pool and a mature risk control system corresponding to various risk-level currency contracts. It can better meet market and user needs in terms of risk isolation, asset pricing, and support for LSD assets. ELFi announced in May this year that it has received strategic investment from IDG Capital and Kucoin Ventures.