MONTREAL, QC / ACCESSWIRE / May 11, 2022 / What is a perpetual contract?
A perpetual contract is a derivation that allows traders to speculate on the price movement of an asset without actually owning it themselves. Due to its scalability, liquidity, and simplicity, it has become the most commonly traded crypto derivative today.
Current uses of perpetual contracts
- Spot market
- options market
- Forward market
What is ELFSWAP?
ELFSWAP is a community-developed spot and spin-off platform designed to solve the most important problem with DeFi platforms. The advancement of ELFS, which began in April 2022, should provide a wider range of network effects. Moreover, ELFS does not limit itself to providing a single solution for DeFi but integrates many markets and decentralized instruments.
Decentralized spot and perpetual swap ELFSWAP is the first to enable minimal swap costs and zero price effect swaps. Additionally, it allows digital assets to be traded without permission and automatically uses AMM-enabled liquidity pools.
Investors can trade many large cap assets with 50x leverage and no slippage using ELFSWAP’s market and limit order features. Ethereum, Binance Smart Chain, Avalanche, and Arbitrum are just a few of the major 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 stake. The $ELFS token offers potential use cases in retail and online markets. The project aims to bridge the gap in online betting sites using ELFS’s token-based system. ELFS is ready to meet user demands in this area as it is faster and cheaper to use than other online currency tokens.
ELFSWAP (ELFS), a multipurpose coin for websites, is derived from the capabilities of the Ethereum network. ELFS can be used for investing, farming and trading.
Powered by the community
ELFSWAP is a fully decentralized system, with all the power resting with the enthusiastic users who make up its active community. In order to make ELFSWAP the most acceptable community in cryptography, it invites and embraces a wide range of viewpoints.
Unique characteristics
Unlike its rivals, it offers 100% APR staking, no transaction fees, and GameFi integration. Trading, lending, borrowing, earning and even staking tokens anonymously with minimal spending is all possible within the ecosystem.
- 0% fee
- Up to 50x trading with margin leverage
- Instant reward on LP
- Layer 2 solutions with Arbitrum Network
- ELFS payroll
- ELFS Wallet
- Agriculture
Conclusion
Users can trade BTC and ETH with up to 50x leverage from a single platform, unlike its rivals, in the future of decentralized perpetual exchange. It is a high-leverage no-fee DEX powered by ELFSWAP’s revolutionary AMM technology and cross-chain infrastructure for perpetual trading contracts combined with a decentralized community platform.
Social connections:
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: There is no offer to sell, no solicitation of an offer to buy, and no endorsement of security or any other product or service in this article. This is not investment advice. Readers are encouraged to do their own research.
THE SOURCE: ELFSWAP
See the source version on accesswire.com:
https://www.accesswire.com/700999/ELFSWAP-Setting-Benchmark-as-the-Future-of-Decentralized-Perpetual-Exchange
