Swap or Farm (112% APR) your Telos EVM Tokens with ElkFinance and Impermanent Loss Protection

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Hello Telos Community,

I hope that you feeling amazing after christmas/holidays time and looking forward for the new year 2022.

It's NEO here, I am a part of the Telos Eagles Team and would like to introduce you to our partnership with ElkFinance which is a DeFi Gateway that you can use to Swap or Farm your Telos EVM tokens and many more.

What is ElkFinance?

The Elk blockchain 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 blockchain interoperability while reducing fragmentation is at the heart of our vision.

Basically you can use 16 different blockchains but let me focus on Telos. ElkDex allow you to swap your Telos EVM tokens to USDT, USDC, DOUGE and ELK (at the time of writing this post thats the ones I found liquidity, correct me in comments if I am wrong). You can use MetaMask or Coinbase Wallet.

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If you would like to farm your TLOS token than there is also an option paired with ELK token for you with 112% APR (at the time of writing this post).

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And now it's a great information that ElkFinance have Impermanent Loss Protection (ILP) which 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.

Sounds good?
Find more on their website here: https://elk.finance/
ElkDex: https://app.elk.finance/#/swap

Hope you find this post useful.
Thank you.
Stay Safe.

/NEO

Posted Using LeoFinance Beta



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