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.
Source

DeFi

Lending

DAO

Airdrop

In This Article

Related News
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Zora airdrop triggers confusion as token launches without announcement, requires users claim manually Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal
ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network
GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
Latest News More More
2 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
3 Days Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
3 Days Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
6 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open