VICTORIA, Seychelles, May 20,
2024 /PRNewswire/ -- KuCoin Ventures, the investment arm of
the global cryptocurrency exchange KuCoin, has announced a
strategic investment in ELFi, a cutting-edge decentralized
derivatives trading platform. This collaboration marks a
significant milestone in the evolution of the cryptocurrency
derivatives market, emphasizing the strategic partnership between
the two entities.
ELFi has been at the forefront of innovation in the
decentralized finance (DeFi) space, offering a suite of advanced
trading functionalities that cater to both retail and institutional
investors. As a pioneer in supporting Portfolio Margin within the
P2Pool model, ELFi has demonstrated its commitment to providing
sophisticated risk management systems for listing contracts across
various risk levels.
The strategic partnership between KuCoin Ventures and ELFi is
expected to unlock new opportunities for both parties. Leveraging
the industry insights of KuCoin Ventures, ELFi is set to achieve
substantial growth. Conversely, ELFi's innovative trading solutions
will diversify services offered by KuCoin Ventures. Some of the key
highlights of the partnership include: enhanced liquidity for ELFi,
advancements in risk management for all participants and innovation
in pool designs.
"KuCoin Ventures is excited to partner with ELFi, a platform
that shares our vision for a more open and accessible financial
future. This investment is not just financial; it's a strategic
move to integrate ELFi's innovative trading solutions into our
ecosystem, providing our users with a superior trading
experience." Said Johnny Lyu,
CEO of KuCoin Exchange.
KuCoin Ventures has been actively seeking out and investing in
promising blockchain and cryptocurrency projects that align with
its vision of a decentralized and inclusive financial ecosystem.
The investment in ELFi is a testament to KuCoin's commitment to
supporting projects that bring transformative solutions to the
market.
ABOUT KUCOIN VENTURES
KuCoin Ventures aims to invest in the most disruptive crypto and
blockchain projects of the Web 3.0 era. As a community-friendly and
research-driven investor, KuCoin Ventures works closely with
portfolio projects throughout the entire life cycle, with a focus
on DeFi, GameFi, and other Web3.0 infrastructures.
ABOUT ELFi Protocol
ELFi is a decentralized derivatives trading platform that
focuses on delivering top-notch trading functionalities. It's the
pioneer in supporting Portfolio Margin within the P2Pool model, and
boasts a sophisticated risk management system for listing contracts
of various risk levels. Additionally, ELFi introduces innovative
liquidity pool designs, offering industry-first zero-risk
stablecoin liquidity pools and LSD re-collateralized liquidity
pools. It strives to better meet market and user demands through
features like risk isolation, asset pricing, and LST asset
support.
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