Fixed Rate Lending Protocol Element Finance Announces Launch of Element DAO and Token $ELFI

Element Finance, a fixed-rate lending protocol, announced the launch of Element DAO and tokens $ELFI. The total amount of $ELFI is 100 million. 10% of the tokens will be airdropped, with 9,989 Element users receiving 7.5% of the total tokens and 500 Element community members and 5,381 Ethereum ecosystem contributors receiving 2.5% of the total tokens. In addition, Element will distribute 5,000 Elfiverse NFT to commemorate the launch of Element DAO.