Welcome, ELK Finance!

Cross-chain Liquidity Network

Dear OLIVE holders on Fantom Opera Chain and Avalanche Chain, today we are super happy to be able to offer a new Olive Garden Pool.

[Avalanche] The Olive Garden ELK Pool:

Stake OLIVE tokens, to earn ELK tokens!

Total Tokens: 1,200 ELK

Distribution duration: 1,000,000 blocks, approx. 30 days

Start: September 23rd ~14:00 UTC

Token rewards per block: 0,0012 ELK

Token address: h0xE1C110E1B1b4A1deD0cAf3E42BfBdbB7b5d7cE1C

[Avalanche] New Farm:

Along with the ELK Olive Garden Pool, we will offer a ELK-AVAX farm that will have 1x OLIVE rewards for the first two days, then returns to 0.5x OLIVE rewards.

[Fantom] The Olive Garden ELK Pool:

Stake OLIVE tokens, to earn ELK tokens!

Total Tokens: 1,000 ELK

Distribution duration: 1,000,000 blocks, approx. 12 days

Start: September 20th ~14:00 UTC

Token rewards per block: 0,001 ELK

Token address: 0xE1C110E1B1b4A1deD0cAf3E42BfBdbB7b5d7cE1C

[Fantom] New Farm:

Along with the ELK Olive Garden Pool, we will offer a ELK-FTMfarm that will have 0.2x OLIVE rewards for the first two days, then returns to 0.1x OLIVE rewards.

What is ELK Finance?

Cross-chain value exchange is the next battleground for cryptocurrencies and the next major hurdle for adoption. Currently, moving or exchanging tokens across chains is a very painful and expensive process. Elk.Finance aims to make this process easy and intuitive. We aim to be the gateway for the decentralized economy, providing high speed value transfers across chains. “Any chain, anytime, anywhere” is our motto. Join us as we embark on this exciting adventure!

The ELK Token

The ELK token is an ERC20-compatible utility token that underpins the Elk.Finance ecosystem. Central to the design of the Elk network is the fact that all liquidity pools pair exchange tokens with ELK. This design decision allows for high speed transfer of value across chains and provides deeper liquidity for pools, reducing slippage and fees. ELK token will be the governance token of Elk Finance.

Cross-chain Swaps

Elk.Finance aims to support cross-chain swaps of arbitrary tokens at high speeds. By combining a state-of-the-art liquidity pooling system with a decentralized peer-to-peer network, we can achieve fast, trustless, and cheap swaps across different chains. We believe value transfer across chains will play a large role in the adoption of cryptocurrencies over the coming years. Current solutions to that problem are slow and expensive. Elk.Finance will change that.

Stablecoin

In order to facilitate cross-chain value transfers and payments with minimal risk, Elk.Finance will release a stablecoin called CHFT. Upon release, CHFT will be the first cross-chain stablecoin based on a gyroscopic design.

Yield Farming

Our community has the opportunity to participate in yield farming by providing liquidity pairs to bootstrap the Elk network and locking these pairs in staking contracts. The bulk of ELK tokens will, therefore, be distributed to early adopters of the Elk network. The sooner you join, the larger your rewards will be!

Impermanent Loss Protection

At Elk.Finance, we believe in taking special care of our liquidity providers. In particular, it would not do if a liquidity provider decided to participate in the Elk network and suffered from impermanent loss (IL) as a result. “Investor” in the network should not walk away with less, ever! Therefore, we are going to implement IL protection for ELK Liquidity Pools. This insurance will take the form of additional ELK token payments (to be claimed as part of the staking contracts) in case the price of ELK drops drastically.

Note that in order to benefit from IL protection, you will need to stake your liquidity pairs! Details and tutorials will be released in a blog post.

ELK Finance Social Media

Website: https://elk.finance/

Twitter: https://twitter.com/elk_finance

Telegram: https://t.me/elk_finance

Support Chat: https://t.me/joinchat/FxWa-q6m3dQ1YzM0

How do you stake OLIVE to earn ELK rewards?

If you own OLIVE tokens, congratulations! You’re the master of Olive Garden. Time to become rich and start with learning how to stake OLIVE with Olive Garden Pool.

• Visit this webpage: https://fantom.olive.cash/pools
• Click “Approve OLIVE” on the ELK Olive Garden Pool.
• Click on the stake button.
• Confirm the transaction!