Single Stake FilDA — earn ELK
A new partnership between FilDA and Elk accelerates the new era of comprehensive cross-chain DeFi services
FilDA is currently preparing to deploy on new chains (inc. Polygon) and, to encourage this cross-chain ethos, we are pleased to be working with Elk Finance to bring cross-chain solutions to our communities.
What is Elk?
Elk seeks to address fragmentation across blockchains. Currently, there are dozens of L1s and L2s that, make it really hard to move value across chains, creating a barrier to adoption.
Elk is a multi-chain DEX or a mesh network for liquidity that is decentralized and non-custodial. Elk can be considered an L3, building on top of existing protocols and joining them together into a seamless network.
By allowing users to move their assets easily between chains, Elk makes it easy to access the lending and borrowing services that FilDA provides:
- Loans, savings
- LP mining
- DAO governance staking (and weekly bonus rewards)
FilDA.io can now be easily accessed by users moving assets from ELK’s six supported chains:
- And, of course, HECO
To celebrate this exciting partnership, FilDA is pleased to reveal a new staking pool being offered exclusively to FilDA holders. ElkNet can be used to transfer value between chains, and FilDA can be staked on FilDA.io to earn ELK.
Move your assets quickly and safely through Elk’s DeFi gateway, then set them to work on a wider DeFi strategy using FilDA. Secure your own wealth.
Single staking $FilDA for $ELK rewards:
- Starts: 9th September 2021, ~1200UTC
- Duration: 15 days
- Location: FilDA.io/staking (HECO)
- Stake: $FilDA is locked for the whole period
- Claim: $ELK rewards can be redeemed at any time
- Emissions: ~54 $ELK per day shared between stakers
FilDA is a highly secure decentralized banking platform on HECO Chain containing two fundamental protocols:
Banking — Lending and Borrowing assets (based on Compound)
Staking — Locking of assets to earn rewards (based on Harvest)
· FilDA Website
· FilDA GitHub
About Elk Finance
Elk.Finance is a decentralized network for cross-chain liquidity. ElkNet, its multi-chain bridge protocol, facilitates trading, liquidity mining, and instant cross-chain cryptocurrency transfers.
ElkNet unlocks the full potential of cross-chain DeFi, supporting a full suite of financial tools, multi-chain native applications, and interoperable smart contracts — a true DeFi gateway.
Links to our website, charts & community channels can all be found here.