ELFi Protocol
Trade leveraged or perpetual contracts on-chain.
68% on Arbitrum · also on 1 other chains
Chains
2
Live yield options
0
Best reward rate
—
Live since
2024
Where it runs
Available on 2 chains
Earn here · live yield options
Yields available on ELFi Protocol
ELFi Protocol doesn't currently expose live yield options we track. Visit the official site to see what they offer right now.
How it works
Using ELFi Protocol in three steps
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1
Pick the trade
Choose an asset and a direction — long if you think it goes up, short if you think it goes down.
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2
Open with margin
Post a small amount as margin to control a larger position. Leverage amplifies both gains and losses.
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3
Close when ready
Settle the trade in cash. If the asset moved your way, you profit; if it didn't, you cover the loss with your margin.
Read up
About ELFi Protocol
Description provided by the protocol team. Always verify directly before depositing funds.
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Frequently asked
What people ask about ELFi Protocol
What is ELFi Protocol?
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ELFi Protocol is an on-chain app. Trade leveraged or perpetual contracts on-chain.
Is using ELFi Protocol safe?
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ELFi Protocol has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.
How much can I earn?
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Right now yields on ELFi Protocol run varies by option per year, depending on which pool you pick and which chain you use. Rates change with demand.
Which chains does it run on?
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ELFi Protocol runs on 2 chains, including Arbitrum, Base. Each chain has its own fees and speeds — pick the one you already use.
Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.
See also
Terms used on this page
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Smart Contract
Code on a blockchain that runs automatically when called. DeFi protocols are smart contracts — bugs in the code can lose user funds.
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Audit
An independent security review of a smart contract. More audits and longer track record reduce — but never eliminate — code risk.
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Impermanent Loss
A loss LP providers experience when the two pool tokens diverge in price. The loss only crystallises if you withdraw at that ratio.
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Oracle
An on-chain feed of off-chain data — usually prices. Lending and CDP protocols rely on oracles to liquidate positions correctly.
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TVL (Total Value Locked)
The total dollar value of assets currently deposited in a DeFi protocol. A rough proxy for adoption and trust.