Elk Finance
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Elk Finance Weekly Recap #2

It was truly a banner week for Elk, which kicked off in style with a stealth relaunch of ElkNet.

Over 120,000 $ELK has already travelled across chains.

Read our medium article for more coverage, along with our weekly technical note from the dev team. πŸ‘‡


ICYMI from our Weekly Recap, 3 new farms just launched on ElkDex Avalanche:

Check out the APRs! πŸ‘€

No ELK on Avalanche? No problem! Use ElkNet to bring some over. πŸ˜‰

Alright HECO fans, the wait is finally over! Impermanent Loss Protection (ILP) is now active on all ElkDex HECO farms.

Coverage has been retroactively applied to the start of the farming round, but only currently staked deposits are eligible. Your claim will appear when you go to withdraw from the farm. To receive full coverage, do not withdraw until the end of the farming round. For more details on ILP and vesting, see: https://medium.com/coinmonks/impermanent-loss-protection-new-farms-aecd6e1e9992

Missed out on HECO ILP this time? A new farming round starts this Sunday!
ElkNet seeks to overcome many of the limitations of traditional bridges. In this article, we take a deeper dive into the protocol to show how it outperforms its peers.

In the initial launch announcement for ElkNet, it was mentioned that we would be publishing follow-ups providing detail on the technical aspects and planned features of the mainnet.

For this first article, we will provide a basic overview of how ElkNet works, highlighting the key advantages over traditional bridges.

πŸ”ŠAMA with SpiritSwap from FantomπŸ”Š

πŸ“… Friday, July 30, 2021
⏰ 21:00 UTC | 14:00 PST
πŸ”— https://discord.link/elk_finance

A powerful DEX on FTM with low fees & fast transactions!

- 7500 $SPIRIT for 3 best questions!
- Surprise raffle after AMA!

Have questions for them? Submit them on Twitter!
Welcome to Elk Academy! πŸ¦ŒπŸ“–

This is the first in a new series of articles designed to give crypto beginners an introduction to the basic concepts behind DeFi.

Professor Elkstein will demystify #DeFi and show you how it can be both fun and profitable. πŸ’‘


Many thanks to our friends Pangolin for the lively conversation today. Good things ahead for Avalanche. πŸ‘

As mentioned, from now until the end of Round 5 on Sunday, emissions on our ELK-PNG pool will increase 5x to 100 ELK/day!

https://app.elk.finance/#/elk 🍻

+700% APR - SPIRIT-ELK Farm Boost!

To get into the SPIRIT for our Discord AMA with SpiritSwap from Fantom today, we've boosted our SPIRIT-ELK farm from now until Sunday night πŸ”₯

Check out https://app.elk.finance/#/elk for some hauntingly high APRs πŸ‘»

The AMA will take place in our Discord (discord.link/elk_finance) & 21:00 UTC today!

πŸ‘‰ Surprise raffle taking place at the AMA!

Let's GoooOOOOoooOOOOoooOO!! (Ghost voice)

Round 6 of farming will be live on ElkDex starting at 22:00 UTC today, August 1, and will run for 42 days, ending on 11 September 2021.

NB! You will need to withdraw your LP tokens from the Round 5 farms and restake into the new farms after round #6 goes live!



Farming round #6 is now live!

πŸ‘‰Fresh farms!
πŸ‘‰Fresh Impermanent Loss Protection!

Withdraw from old farms & benefit from Impermanent Loss Protection & deposit to round #6 farms for sweet APRs!

Thank you for the patience!

πŸ‘ Get it ✊
We are aware of the bug with the archive page & working on fixing it as we speak.

Apologies for the inconvenience! 🦌

Your funds are safe! πŸ’ͺ
We're experiencing some minor configuration issues. The website is maintenance mode for a short period of time until this gets fixed.

Do not worry, your funds are SAFU! You can access and see all in the explorer and this is just an user interface bug.
The configuration issue on Avalanche, Fantom, and HECO is resolved, and Round 6 farms are now live. The Polygon farm page will be under maintenance for approximately 30 minutes longer as we resolve the issue. Another announcement will go out once it is live.

Apologies again for the delay!
Polygon farms are now live. All issues are now resolved across chains. Please enjoy.
ElkDex smart contracts have been successfully audited by HashEx on all the chains we currently support! πŸš€

βœ… Avalanche
βœ… Polygon
βœ… Fantom
βœ… HECO

Safe farming, 🦌!

Audit report: https://medium.com/hashex-blog/elk-finance-smart-contracts-audit-report-5dba57bd71e6

$ELK #Dex #DeFi #YieldFarming
vfat.tools has been updated for the 6th farming round on ElkDex. This applies to all the networks: Avalanche, Polygon, Fantom & HECO. 🦌
The second week of ElkNet saw an impressive 75% rise in volume, tallying a staggering 210,000 $ELK transferred between chains.

Read our weekly recap for insights on:
πŸ‘‰ Round #6 farms
πŸ‘‰ Elk tokenomics
πŸ‘‰ Asset fragmentation
πŸ‘‰ Upcoming proxy tokens


Elk Finance is now listed on Huobi Wallet!

Swap, farm & use the blazingly fast cross-chain ElkNet directly from the Huobi Wallet app on Polygon & Huobi Eco chains! πŸš€

Download Huobi Wallet App from: https://www.huobiwallet.io/

Like & RT 🦌
Professor Elkstein is back to go in depth about #DeFi yield farming in the Elk Academy Lesson #2! πŸ€“

Get comfy, grab a cup of β˜•οΈ and read away!