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The ElkNet enables fast, safe, cheap, and trustless cross-chain value exchange across all blockchains.
We aim to break down barriers between chains, making it so that you no longer have to think about what chain you are on.
Improving cross-chain interoperability while reducing fragmentation is at the heart of our vision.
ELK Tokenomics
Total ELK Supply:
Total ELK Issued:
Market Cap:
42,424,242
10,228,255
2,170,221 USD
Community Fund - 20M
Yield Farming Rewards - 10M
4 years
Insurance - 10M
(e.g. Impermanent Loss Protection)
Team & Advisors - 2M
Airdrops - 424K
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Impermanent Loss Protection (ILP)
Prevents users from being penalised for providing liquidity.
Each day in a farm provides liquidity providers with ~2.5% of ILP coverage until 100% has been reached. Users can claim ELK rewards at any time; ILP coverage is prorated based on length of time in the farm.
Read MoreDynamic farming
Promotes a sustainable token trajectory.
Emission targets are used to adjust rewards dynamically on each chain at the start of each farming round.
Check out Farms$CHFT
A Multi-chain Native Stablecoin
The first cross-chain stablecoin based on an innovative “gyroscopic” design, which allows it to be minted natively on any network that Elk supports.
Read MoreProxy Tokens
Cross-chain virtual assets.
Proxy tokens transform any token into a virtual asset that can be moved to any chain.
Read MoreElkNet V2 Upgrade
done
Fee optimization & faster value transfer
Ethereum Arbitrum & Optimism Launch
done
New dApp/UI
done
Redesigned UI and UX for ElkDEX and ElkNet
Community Governance
in-development
Cross-Chain Swaps
in-development
Direct cross-chain swaps between all the networks supported by ElkNet
BaaS (Elk SDK) Alpha
in-development
For developers and platforms to build on ElkNet
BaaS (Elk SDK) Beta
planned
For developers and platforms to build on ElkNet
ElkNet Nodes
planned
Secure ElkNet by staking ELK
Cross-Chain Analytics
planned
Implementation of custom cross-chain analytics
Farming-as-a-Service
planned
Creation of permissionless farming contracts
$CHFT stablecoin
planned
Enable minting of cross-chain native stablecoin
Connecting non-EVM Chains
planned
Connecting non-EVM blockchains
ElkNetV3 SDK 1.0
planned
ElkNet BaaS SDK comes out of beta
To be revealed
planned
To be revealed
planned