Cross-chain Liquidity Network
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We are building a decentralized network for cross-chain liquidity. The Elk ecosystem will make it seamless for anyone to exchange cryptocurrencies.
Any chain, anytime, anywhere.™
Between heavy fees and complicated procedures, moving assets across chains is a pain and major hurdle for mass-adoption.
Liquidity Providers are subject to impermanent loss and may walk away with less than they would have by not participating.
Current decentralized exchanges pool assets with every other asset, diluting liquidity and increasing slippage.
Elk.Finance aims to make it as easy as 1, 2, 3 to move your tokens across chains. No more walled gardens or high fees!
Elk.Finance believes in incentivizing liquidity providers by providing them with an insurance that they will not walk away with less.
Elk.Finance only pools assets with the ELK token or our (upcoming) stablecoin. Therefore, our pools benefit from deeper liquidity.
Start development on the Elk.Finance platform.
Launch liquidity pools on several chains.
First airdrop and yield farming (per chain).
Launch of ELK token governance.
Early beta release of the stablecoin.
Second Airdrop (NFT) for strong holders.
Beta release of cross-chain liquidity provisioning.
Incentivized testnet release.
Release of the ELK mainnet.
* All dates are indicative.
Elk.Finance is a cross-chain liquidity network, allowing for instantaneous exchange of tokens between chains. Elk.Finance also aims to provide the first gyroscopic stablecoin (CHFT) available on multiple chains for blazing fast payments anytime, anywhere.
The Elk stablecoin, CHFT, has not been released yet. When it is, you will be able to purchase it right here or on other exchanges. You can also opt to burn some ELK to mint the stablecoin.
Currently we support exchanging tokens on a per-chain basis. Until we launch the mainnet, you will have to move tokens across chains manually if you choose to. We will release tutorials for that.
ELK is a utility token based on the ERC20 standard. All transactions on the Elk Finance will require burning a small amount of ELK. As an ERC20 standard, ELK is freely tradeable on exchanges and fully compatible with Ethereum wallets as well as compatible wallets on supported chains.
It depends! We expect the price to increase over time as the supply of ELK decreases. However, as with all crypto tokens, you have to be prepared for some volatility. Do your own research before investing.
We are applying as we speak. Expect updates soon!
CHFT is Elk.Finance's stablecoin. It is the first cross-chain gyroscopic stablecoin. As an ERC20 standard, CHFT is freely tradeable on exchanges and fully compatible with Ethereum wallets as well as compatible wallets on supported chains.
We are planning to release CHFT in Q2 2021.
You have probably heard of USDT and other USD-denominated stablecoins. Elk.Finance has opted to peg its stablecoin to the Swiss Franc (CHF), the world's most stable and safest currency. CHFT stands for CHF-Tethered.
Both are stablecoins. Unlike USDT, CHFT is pegged to the Swiss Franc, which is more stable. At the time of this writing, 1 CHF was worth approximately 1.08 USD so there is not much difference in value. A second difference is that CHFT is based on a novel stablecoin designed called 'gyroscopic'. Finally, upon launch of the mainnet, you will be able to transact in CHFT at blazing fast speed with super low fees.
