Market cap
$208.24K
-0.11 %
Volume (24h)
$38.3
-0.11 %
Circulating supply
50,909,515 ELFI
Total supply
100,000,000 ELFI
Max. supply
100,000,000 ELFI
ELYFI (ELFI)
$ 0.00
-0.11 %
Main info
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Key data
updated $0Market cap$208.24K
Volume 24h$38.3
Circulating supply50.91M51% of max 100M
All-time high$0.09-95% from peak · 2022-04-03
ELYFI (ticker ELFI) is the utility token of the ELYFI protocol, a decentralized finance platform focused on crypto-backed lending, built as an extension of the ELYSIA ecosystem. In simple terms, it's a token that powers borrowing and lending services where users can take out loans against their crypto collateral or earn interest by supplying assets. The project runs on blockchain technology, which removes the need for a traditional bank as a middleman.
Frequently asked questions
What is ELYFI and how is it different from other lending tokens?
ELFI is the governance and utility token of the ELYFI lending protocol, which grew out of the ELYSIA ecosystem. Unlike general-purpose cryptocurrencies, it's designed specifically for decentralized lending operations — borrowing against collateral and supplying assets to earn interest. Its close ties to the ELYSIA project set it apart from standalone DeFi competitors.
How does the ELYFI network work?
ELYFI operates as a decentralized application on a public blockchain, using smart contracts to automatically match lenders and borrowers. Smart contracts lock the collateral, issue the loan, and handle repayments without any manual intervention or a central authority. This keeps the process transparent, as every operation is recorded on-chain and can be verified by anyone.
What is ELFI's token emission model?
ELFI has a hard cap of 100,000,000 coins, meaning no more than that amount will ever exist. This fixed maximum supply makes the token deflationary in structure — new coins can't be printed indefinitely. Tokens are distributed through the protocol's incentive mechanisms, typically rewarding users who participate in lending and liquidity activities.
How can I store and use ELFI tokens?
Since ELFI is an ERC-20 style token, it can be stored in any wallet that supports Ethereum-standard assets, such as MetaMask, Ledger, or Trust Wallet. Within the ELYFI protocol, the token is used for governance voting and interacting with the platform's lending services. Always double-check the official contract address before transferring to avoid fake tokens.