Disruption and Evolution - ELFi Protocol, two years in the making of a decentralized derivatives trading exchange legend.

In the ever-changing world of Web3, there are always teams dedicated to innovation, and there are always products willing to set higher standards for the industry. While everyone thought that a decentralized trading experience and ultimate depth could not coexist, a team spent two years providing an answer. ELFi, a decentralized derivatives trading platform named "Radical Innovation" (DEX), is becoming the focus of attention in the industry.

If Steve Jobs were in the Web3 world, how would he reshape a decentralized derivatives trading platform? Perhaps ELFi has provided the answer. ELFi aims to turn the dream of ultimate products and ultimate finance into a reality shared by users around the world. Decentralized derivatives trading is no longer just HyperLiquid; ELFi is gradually becoming another platform that can stand alongside it.

In two years, how did ELFi win over more than 30,000 users, achieve a trading volume of 1.5 billion USD, and earn the title of "Most Innovative DEX" in the community? Innovation is the core label that ELFi has always maintained.

Disruption, never conforming to the norm - the hardcore innovation of ELFi.

Asset freedom, trading no longer restricted. While other platforms use USDT/USDC fixed margin trading contracts, ELFi has completely broken asset barriers—introducing the Ultra Portfolio Margin, where any asset can be used as trading margin, easily enabling trading freedom. Whatever assets you hold can be used directly as margin, eliminating the need to sell your held assets for futures trading.

Revolutionary ELP liquidity pool, pioneering zero-risk ultra-high aggregation liquidity design. ELFi's exclusive self-developed ELP liquidity pool adopts a hybrid AMM model, achieving dynamic balance and stability in stablecoin returns that surpass the industry. While providing high liquidity aggregation, ELP also achieves risk isolation of liquidity, bringing industry-leading zero-risk stablecoin steady appreciation to every asset holder.

The self-developed multi-asset risk management model achieves the fastest new coin listing process across the network with ELFi, allowing you to grasp major market trends even with small capital at a maximum leverage of 1000 times. Multi-model risk grading + dynamic risk control, designed specifically for players seeking new opportunities and professional hedgers. ELFi has listed over 200 trading pairs across the network and is also the DEX platform that supports the most meme coin leveraged trading.

Your unprecedented decentralized exchange speed experience ELFi Fast Trading realizes the front-end user millisecond-level ultra-fast position opening experience, bringing the feel of centralized exchange (CEX) to the decentralized exchange (DEX). From ordering, holding positions to settlement, every link is lightning fast, completely subverting the "stuck lengthiness" of traditional DEX. ELFians are no longer afraid of grabbing "new contracts in seconds", and every big market can participate in the ultimate second.

100% on-chain transparency, with trust embedded in every line of code. All your operations and asset transfers are fully traceable on the chain, and the entire process is open and transparent. No longer needing to trust a black box, nor being anxious about centralized platforms—ELFi interprets true decentralization through the openness of blockchain. Every profit and every market event can be "instantly queried and verified" by users, eliminating any dark corners.

Geek team,打造頂級產品核心

Since obtaining its first round of financing in May 2023 and officially forming a research and development team, ELFi has been building a truly global geek alliance. They do not take small, quick steps like traditional blockchain teams; instead, they output with high intensity through "mission + execution." Every member carries the ambition to change the industry, embedding the philosophy of "Think Different" into every line of code and every design detail.

In just a few months, ELFi completed the development of its first product version and launched it on the Arbitrum testnet in January 2024. With a new round of financing in May 2024, ELFi has raised more than $5 million, and the team continues to expand, attracting more than 50 elite members from more than 20 countries around the world, covering the entire chain of products, technologies and markets - this is an innovation engine that truly "has no boundaries and no time zone barriers".

Rapid product iteration: An average of one version upgrade completed every two weeks, continuously launching new products (such as Quanto contracts, ELF Town, Degen contracts, etc.).

Multi-chain scalability: Unlike other teams that choose to deploy on a single public chain, ELFi has completed the mainnet operation of Arbitrum and Base, and has rapidly expanded into Russian, European, American, and Southeast Asian markets.

Community Co-creation: Advocating for geek spirit and community-driven initiatives, with high project transparency. Every product upgrade invites users to participate deeply, resulting in a continuous increase in user numbers.

Real data-driven, user reputation is the strongest endorsement.

Third-party data shows that ELFi has been online for only 2 years and has achieved:

Over 200 trading pairs covering mainstream and emerging assets.

The accumulated trading volume has exceeded 1.5 billion US dollars.

The total number of users exceeds 30,000, with activity ranking among the top decentralized derivatives trading platforms.

Connecting multiple public chains such as Arbitrum and Base, becoming a leader in multi-chain layout.

In an industry environment filled with "elimination matches," ELFi stands out with its hardcore growth power. Many industry leaders (Big V) and opinion leaders (KOL) have commented: "ELFi has become the next phenomenal innovation model for decentralized exchanges."

Future Blueprint: Transformation Continues, Innovation Never Stops

It is worth noting that ELF has not stopped at its existing achievements, but is continuously building the future together with the community:

Self-developed ultimate trading public chain, exploring ultra-low latency and top-tier scalability;

AI-driven trading experience, allowing every user to intelligently manage risks and discover market opportunities;

Community protocol tools allow anyone to create new markets, empowering innovative contracts and the autonomous launch of assets;

Points - Token integration incentives to maximize community rewards, allowing every participation to have long-term benefits.

Support the next generation AA wallet, lowering the on-chain participation threshold, making it easy for everyone to get started.

With more new products launching, ELFi will continue to amaze Web3 users.

Two-Year Anniversary Special Benefits: 500% Annualized Return Rate (APR) Anniversary Celebration Event

To celebrate ELFi's second anniversary, the platform has launched a liquidity mining event with a staggering 500% annualized return rate. Participants in designated liquidity pools can earn generous returns of up to 500% annually. This event not only rewards the support of over 30,000 ELFians in the community but also attracts the attention and discussion of DeFi players across the entire industry. This limited-time benefit is ELFi's best tribute to the concept of innovation and community co-creation—seize the opportunity to experience top-tier APR bonuses and participate in a historic milestone of decentralized trading.

In conclusion: Disruption is a long-term reward for those with faith.

Apple, under Steve Jobs, reshaped the mobile internet, while ELFi is redefining the standards of decentralized derivatives trading platforms with an ultimate experience and community co-construction. It is the obsession with extreme innovation and transparent security that enables ELFi to continue leading in the competitive landscape, allowing every player in the decentralized exchange to enjoy platform dividends. The next hot spot that will change the game may very well be born at this moment within the ELFi community. Are you willing to become the protagonist in this Web3 transformation story?

This article Revolution and Evolution—ELFi Protocol, a legendary decentralized derivatives trading platform built over two years, first appeared on Chain News ABMedia.