What is Perpetual Contract?
A perpetual contract is a derivation that allows traders to speculate on the price movement of an asset without really holding it themselves. As a result of its scalability, liquidity, and simplicity, it has become the most often traded crypto derivative today.
Current Uses of Perpetual Contracts
- Spot Market
- Options Market
- Futures Market
What is ELFSWAP?
ELFSWAP is a spot and derivative platform developed by the community and designed to address the most significant issue with DeFi platforms. ELFS’ advancement, which began in April 2022, is expected to provide a broader spectrum of network effects. Furthermore, ELFS does not restrict itself to provide just 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 zero price effect exchanges. Furthermore, it allows digital assets to be exchanged without authorization and automatically utilizes 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 only 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, enabling early liquidity providers to earn and stake. The $ELFS token offers prospective use-cases in the retail and online markets. The project aims to close the gap in online betting sites using ELFS’token-based system. ELFS is ready to answer the demands of users in this domain since it is quicker and cheaper to use than other online currency tokens.
ELFSWAP (ELFS), a multipurpose coin intended for websites, is derived from the Ethereum network’s capabilities. ELFS may be used for investing, farming, and swaps.
Community-powered
ELFSWAP is an entirely decentralized system, with all the power resting with the enthusiastic users that make up its active community. In order to make ELFSWAP the most acceptable community in crypto, it invites and embraces a wide range of viewpoints.
Unique Features
Unlike its rivals, it provides 100% APR staking, zero trade fees, and the integration of GameFi. Trading, lending, borrowing, earning, and even staking tokens anonymously with minimum expenses, all possible within the ecosystem.
- 0% Fees
- Up to 50x margin leverage trading
- Instant Reward on LP
- Layer 2 solutions with Arbitrum Network
- ELFS’ Pay
- ELFS Wallet
- Farming
Conclusion
Users may 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 zero-fee DEX powered by ELFSWAP’s breakthrough AMM technology and cross-chain infrastructure for perpetual trading contracts combined with being 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/
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. Daily Crypto team encourages all to do their own research before investing.
