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KuCoin Ventures announces strategic investments in the ELFi protocol to enhance the derivatives trading experience
VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — KuCoin Ventures, the investment arm of 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, underscoring the strategic partnership between the two entities.
(PRNewsfoto/KuCoin)
ELFi has been at the forefront of innovation in the decentralized finance (DeFi) space, offering a suite of advanced trading features that appeal 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 pricing contracts at various risk levels.
The strategic partnership between KuCoin Ventures and ELFi is expected to unlock new opportunities for both parties. By leveraging KuCoin Ventures’ industry insights, ELFi is poised to achieve substantial growth. In contrast, ELFi’s innovative trading solutions will diversify the services offered by KuCoin Ventures. Some of the highlights of the partnership include: increased liquidity for ELFi, advances in risk management for all participants, and innovation in pool design.
“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; is 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 actively sought and invested in promising blockchain and cryptocurrency projects aligned 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.
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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-minded, research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the lifecycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructure.
INFORMATION ON THE ELFi Protocol
ELFi is a decentralized derivatives trading platform that focuses on providing world-class trading features. It is the pioneer in supporting portfolio margin within the P2Pool model and boasts a sophisticated risk management system for pricing contracts with various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering the industry’s first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features such as risk isolation, asset pricing, and LST asset support.
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SOURCE KuCoin
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