ELFi Protocol Completes $5 Million Strategic Round of Financing and Will Launch Testnet on Arbitrum
ELFi Protocol has announced the completion of a $5 million strategic round of financing, led by IDG Capital and KuCoin Ventures. ELFi is a decentralized derivatives trading platform that has introduced innovative liquidity pool designs, providing the industry's first low-risk stablecoin liquidity pool and LSD re-collateralization liquidity pool. It is reported that the new funds will be used to promote the launch of the platform on Arbitrum's test network and the public beta testing of Genesis NFT.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Memecoin Trader Nets Millions in Profits Amid Strategic Token Moves
Tesla’s Bitcoin Transfer Fuels Speculation Ahead of Earnings Report
Morgan Stanley’s Bitcoin ETF holdings surge to $272.1M amid rising crypto demand
Share link:In this post: Morgan Stanley’s Bitcoin ETF holdings have racked up over $272 million. The American multinational investment bank has seen strong inflows into its Bitcoin ETFs since the SEC approved the first spot Bitcoin ETFs earlier this year. Despite ongoing regulatory uncertainty, JPMorgan remains optimistic about the future of Bitcoin and stablecoins.
EigenLayer X account compromised, shares malicious airdrop link
Trending news
MoreCrypto prices
More
