Element Finance

About

Element Finance is an Ethereum-based decentralized finance protocol offering fixed-rate pools for stablecoins, wrapped crypto, and derivatives, balancing fixed and variable liquidity and operating governance and treasury management structures.

Mission

Element Finance has built a decentralized finance protocol on Ethereum that lets users earn predictable returns via fixed-rate pools over predetermined periods. The protocol launched on the Ethereum mainnet on June 30 and currently supports 10 fixed-rate pools. Users can contribute stablecoins (DAI, USDC), wrapped crypto (wBTC) or derivative assets such as steCRV. Element guarantees fixed rates by balancing participants in fixed-rate and variable-interest pools. To date the protocol has about $180 million in total value locked and roughly 9,000 users. The company plans to introduce a governance system with different voting vaults and incentives and has launched a treasury management initiative to attract funds, protocol makers and institutions.

Quick Facts