MONTREAL, QC / ACCESSWIRE / May 11, 2022 / What is a permanent contract?
A perpetual contract is a derivative that allows traders to speculate on an asset’s price movement without actually owning it. It is the most traded crypto derivative today due to its scalability, liquidity and simplicity.
Current use of permanent contracts
- spot market
- options market
- futures market
What is ELFSWAP?
ELFSWAP is a spot and derivatives platform developed by the community and designed to address the most important issue facing DeFi platforms. The further development of ELFS, which started in April 2022, is intended to offer a broader range of network effects. Furthermore, ELFS does not limit itself to providing only one solution for DeFi, but integrates many decentralized marketplaces and instruments.
Decentralized spot and perpetual exchange ELFSWAP is the first to enable minimal swap costs and exchanges with no price effect. Additionally, it enables unauthorized exchange of digital assets and automatically leverages liquidity pools enabled by AMM technology.
Investors can trade numerous large-cap assets with 50x leverage and no slippage using ELFSWAP’s market and order limit features. Ethereum, Binance Smart Chain, Avalanche, and Arbitrum are just some of the prominent blockchains that ELFSWAP (ELFS) relies on through cross-chain infrastructure.
ecosystem
The project’s native token, $ELFS, is an ERC20 token and powers the ELSWAP ecosystem, allowing early liquidity providers to earn and deploy. The $ELFS token has potential use cases in the retail and online markets. The project aims to fill the gap in online betting sites using ELFS’s token-based system. ELFS is ready to meet users’ needs in this field as it is faster and cheaper to use than other online currency tokens.
ELFSWAP (ELFS), a multipurpose website coin, is derived from the capabilities of the Ethereum network. ELFS can be used for investing, farming and trading.
community operated
ELFSWAP is a fully decentralized system, with all the power resting with the avid users that make up its active community. To make ELFSWAP the most acceptable crypto community, it invites and embraces a wide range of viewpoints.
Unique features
Unlike its competitors, it offers 100% APR staking, no trading fees, and GameFi integration. Trade, lend, borrow, earn and even stake tokens anonymously with minimal cost, all within the ecosystem.
- 0% fees
- Up to 50x margin leverage trading
- Instant reward on LP
- Layer 2 solutions with Arbitrum Network
- The reward of the ELVES
- ELF wallet
- Agriculture
Conclusion
Users can trade BTC and ETH with up to 50x leverage from a single platform, unlike its competitors, in the future of Decentralized Perpetual Exchange. It is a fee-free, high-leverage DEX based on ELFSWAP’s groundbreaking AMM technology and cross-chain infrastructure for perpetual trading contracts combined with a decentralized community platform.
Social Links:
Twitter: https://twitter.com/ElfswapTeam
Telegram: https://t.me/elfswap_community
Github: https://github.com/elfswap
Website: https://elfswap.com/
For more information contact : [email protected]
Disclaimer: This article does not contain an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities or other products or services. This is not investment advice. Readers are encouraged to do their own research there.
SOURCE: ELFSWAP
View source version on accesswire.com:
https://www.accesswire.com/700999/ELFSWAP-Setting-Benchmark-as-the-Future-of-Decentralized-Perpetual-Exchange
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