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Elk Finance is a decentralized system designed to provide cross-chain liquidity. The Elk ecosystem aims to make swapping cryptocurrencies easier for anyone using it. Elk Finance brings together multiple advanced components:
A cross-chain utility token used for moving value (ELK)Cross-chain value transfers through ElkNet in seconds across all chains Elk supportsA cross-chain stablecoin used for value transfers and loans (CHFT)Non-Fungible Tokens (Moose NFTs) that come with distinctive abilities and traitsImpermanent Loss Protection (ILP) for liquidity providersELK functions as a utility token for cross-chain value movement. Any ELK routed through ElkNet will ultimately burn a small portion of ELK. Built as an ERC20 token, ELK can be traded freely on exchanges and works with EVM wallets, plus compatible wallets on the supported chains. Over time, ELK will also be released on non-EVM networks.
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