ELFi Protocol Marks 2-Year Milestone with $1.6B in Volume and Launches 500% APR Liquidity Event
In Brief
ELFi Protocol is celebrating its second anniversary by launching a limited-time liquidity mining campaign offering up to 500% APR, highlighting its rapid growth as a leading decentralized derivatives trading platform.
ELFi Protocol, a decentralized derivatives trading platform, is marking its second anniversary with the launch of a limited-time liquidity mining campaign offering up to 500% APR. The campaign celebrates ELFi’s rapid growth and continued commitment to building a high-performance, transparent, and user-driven Perp DEX ecosystem.
ELFi, founded in May 2023, has quickly established itself as a leading force in decentralized derivatives trading. Since launching on Arbitrum mainnet in August 2024, the platform has grown rapidly through continuous product innovation and community-driven development.
Over the past two years, ELFi has posted the following key growth metrics, according to third-party data:
- Over $1.6 billion in cumulative trading volume
- More than 32,000 registered users
- Listed over 230 perpetual trading pairs
- Deployed on Arbitrum and Base, ranked top 5 in derivatives on both chains.
- Maintained zero user fund loss since launch
As part of its two-year celebration, ELFi is launching a limited-time 500% APR staking campaign through its flagship liquidity product, ELFi Earn. Eligible users can participate by contributing to designated liquidity pools and earn significantly boosted yields during the promotional period. The initiative aims to reward long-term supporters while attracting new users to experience ELFi’s unique features.
“Our second anniversary is not just a celebration of how far we’ve come, but a reaffirmation of our long-term mission,” said the ELFi team. “From the Ultra Portfolio Margin system to ELP liquidity pools and fast onchain execution, we’ve redefined what users can expect from a Perp DEX.”
ELFi’s growth has been driven by a series of product innovations, including:
- Ultra Portfolio Margin: Use any supported asset as margin. There are no swaps and no hidden friction. Trade directly with what you hold, without selling your existing positions.
- Equilibrium Liquidity Pools: ELFi’s proprietary dual-model design combines zero-risk stablecoin pools with high-yield liquidity pools that support cross-pair liquidity sharing, offering a uniquely efficient and capital-safe liquidity solution.
- Fast Trading Engine: Delivers a CEX-level trading experience with millisecond onchain execution, redefining expectations for speed and responsiveness on DEXs.
- Up to 1000x Leverage: ELFi offers maximum leverage of 1000x, designed for high-risk takers seeking amplified exposure in volatile markets.
- Instant Perpetual Listings: ELFi enables near-instant listing of new perpetual contracts, achieving the fastest listing speed across the ecosystem.
- Full Onchain Transparency: Every trade, position, and yield movement on ELFi is fully traceable onchain, with no hidden mechanics or centralized control. It delivers a truly decentralized trading experience.
Positioned Among Perp DEX Leaders
While platforms like dYdX and Hyperliquid have led early adoption in the Perp DEX space, ELFi sets itself apart with ultra-fast listings, multi-asset margin support, and a fully onchain architecture that ensures end-to-end transparency. Every trade, position, and yield distribution is verifiable on the blockchain — a reflection of ELFi’s commitment to openness and user empowerment. This combination of speed, flexibility, and transparency positions ELFi as both a complementary and competitive alternative in the decentralized trading landscape.
Trusted by Traders and Proven in Production
Since its launch, ELFi has attracted a growing base of loyal users drawn by its speed, transparency, and innovative features. The platform has operated without any security incidents or user fund losses — demonstrating the strength of its onchain architecture and risk controls. According to the team, ELFi is also upgrading its risk management systems to further enhance asset protection for users.
Continuing to Build: ELFi’s Next Chapter
ELFi is building toward a broader vision that includes a high-speed trading-focused L1 chain, AI-enhanced risk and trading tools, permissionless market creation, and integrated incentive models combining points and token rewards. Upcoming upgrades will also feature Account Abstraction wallet integration to streamline user onboarding.
The 500% APR campaign will run through June 6, 2025 (UTC). More details about participation, eligible pools, and reward structure can be found on the official ELFi website or through ELFi’s official social channels.
About ELFi
ELFi is a decentralized derivatives trading platform redefining DeFi infrastructure through its pioneering ELP liquidity architecture and portfolio margining system. Supporting over 230 assets, ELFi delivers liquidity depth comparable to top centralized exchanges, robust risk controls, and seamless capital efficiency without the complications of dual token pools. By focusing on flexibility, security, and cost effectiveness, ELFi enables traders to manage volatility, offset PnL across positions, and execute advanced strategies with ease. Purpose built for the next generation of Web3 users, ELFi is setting new benchmarks for innovation and performance in decentralized trading.
Media Info:
Contact Person and Position: Icy, Lead of Marketing
Company Email: [email protected]
website：https://www.elfi.xyz/
Discord: https://discord.com/invite/B6jCs4mjF5
Medium: https://medium.com/@ELFi_Protocol
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
