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-200% Bonus$64,636
Elastic Finance EEFIElastic Finance (EEFI) Chart
Elastic Finance (EEFI) Return On Investment(ROI)
Elastic Finance (EEFI) Price Now
Elastic Finance price today is $109.81 with a 24-hour trading volume of $64,636. EEFI price is up 1.74% in the last 24 hours. .
In order to search for real-time and historical information about Elastic Finance (EEFI) blockchain, including data related to blocks, transactions, addresses, and more, you may use Elastic Finance (EEFI) block explorers. Here are some of the most popular and useful Elastic Finance (EEFI) blockchain explorers out there:
What Is Elastic Finance(EEFI )?
The Elastic Protocol is designed to meet this market need. The protocol enables anyone to participate in an ecosystem of unique yield strategies that:
- Maximize market uptrends: Classic rebasing tokens such as Ampleforth (AMPL), can have a "force multiplier" effect on derivatives or other tokens connected to these assets. For example, the protocol's core Elastic Vault utilizes a percentage of AMPL emitted during positive rebases to buy and burn the Elastic Vault's reward token, EEFI, which, depending on other market forces, could result in value accrual for EEFI. Holders and stakers can access enhanced EEFI yield without resorting to leverage and avoiding liquidation risks.
- Minimize market downtrends: During market downtrends the Elastic Vault provides users with EEFI yield. When Ampleforth is in neutral or negative rebase, the Elastic Vault distributes EEFI tokens to stakers. Also, in the future, sub-vaults could be launched that enable users to participate in the Olympus ecosystem (and other opportunities) via automated strategies that deliver stablecoin or OHM rewards when asset demand is low.
How Does Elastic Finance Work?
The core Elastic Protocol strategy, the Elastic Vault, creates opportunities for holders of OHM, AMPL (and other elastic assets in the future, via 'sub-vaults'). The protocol achieves this by:
- Leveraging the native rebasing capabilities of the Ampleforth token (AMPL). Due to the rebase, the AMPL token has three states: Negative rebase: AMPL token supply declines. Steady State (Neutral rebase): AMPL token supply remains constant. Positive rebase: AMPL token supply increases. The protocol's core Elastic Vault automatically monitors the state of the Ampleforth protocol (positive, negative or neutral rebase), and uses this information to mint or burn the protocol's yield token, EEFI. This automated activity enables those staking AMPL in the Elastic Vault to maximize the utility of the asset across rebase cycles.
- Earn OHM and EEFI Rewards: Those depositing AMPL into the protocol's core Elastic Vault will earn rewards in the form of EEFI and OHM. EEFI is minted to AMPL depositors during neutral and negative rebases. During positive AMPL rebases, a percentage of AMPL will be sold for OHM, which will be used to buy and burn EEFI. In addition, a portion of purchased OHM will be delivered to AMPL Elastic Vault stakers (and OHM/EEFI LP token stakers, as outlined below).
- Provide OHM/EEFI Liquidity: OHM will play a central role in the functionality of the Elastic Protocol. The protocol's core Elastic Vault will use OHM/EEFI liquidity on Uniswap to buy and burn EEFI during positive AMPL rebases. OHM holders will be able to provide OHM/EEFI liquidity and deposit their LP tokens into the vault. LP token stakers will receive EEFI rewards during neutral and negative AMPL rebases, and OHM rewards during positive AMPL rebases.
- Participate in the Olympus Economy to Earn "Real Yield": The Elastic Protocol, via our partnership with Olympus DAO, will enable stakers (AMPL and OHM/EEFI LP providers) to passively participate in the Olympus Economy via OHM bonds and other products/services.
Where Can You Buy Elastic Finance(EEFI )?
Investing in Elastic Finance can seem complicated, but it is much easier when you buy Elastic Finance through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Elastic Finance — both for fiat money and other cryptocurrencies. Some of the most popular Elastic Finance cryptocurrency exchange are:
Please check Elastic Finance(EEFI ) token address If you want to buy or sell Elastic Finance(EEFI ) on dex exchange. Beware of scams!
Click here to view Elastic Finance(EEFI ) price in different crypto exchanges.
Elastic Finance (EEFI) Community
- Twitter: https://twitter.com/EefiFinance
- Medium: https://medium.com/@eefifinance
- Telegram: https://t.me/elastic_finance_community
What is Elastic Finance (EEFI) Contracts address?
Elastic Finance FAQ
What is the price of Elastic Finance (EEFI) token?
The current Elastic Finance usd price is $109.81. We update the Elastic Finance USD price in real time. Get live prices of Elastic Finance on different cryptocurrency exchanges around the world on Coincarp.
Is Elastic Finance (EEFI) token a good investment?
It depends on your personal risk tolerance and investment goals. Elastic Finance is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Elastic Finance investing, you will also need to understand the Elastic Finance project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Elastic Finance investing are by participating in Spot trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Elastic Finance (EEFI) token token?
You can buy Elastic Finance from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Elastic Finance. Cryptocurrency exchanges that currently support Elastic Finance trading include:
If there is any error, please feedback to us, our email is hello@coincarp.com. Please be aware that buying and selling Elastic Finance involves high risks.You should always do your own research and make sure you understand the risks associated with Elastic Finance trading before you begin.
How to short Elastic Finance (EEFI) token?
According to CoinCarp's tracking data, no crypto exchange yet supports Elastic Finance contracts or ETF trading. so you can't short Elastic Finance
What will Elastic Finance (EEFI) token be worth in 5 years?
It is impossible to predict what Elastic Finance will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Elastic Finance's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Elastic Finance 5 years from now.
EEFI Price Statistics
Elastic Finance Price
$109.81
Price Change24h
$1.88 1.74%
24h Low / 24h High
$105.98 / $111.42
Trading Volume 24h
$64,636
Volume/Market cap (24h)
--
Market Dominance
--
Market Cap
--
Fully Diluted Market Cap
--
7d Low / 7d High
$100.87 / $112.47
30d Low / 30d High
$85.37 / $122
90d Low / 90d High
$85.37 / $246.35
52 Week Low / 52 Week High
$85.37 / $1,517.37
All Time High
$1,517.37
All Time Low
$85.37
