500% APR Boosting Event

Dear ELFians,

To mark ELFi’s second anniversary and thank our community for the constant support, we are launching the 500% APR Boosting Event. Stake in the designated pools during the event period and earn total rewards of up to 500%APR.

Event Duration

00:00, 15 May 2025 - 23:59, 24 May 2025 (UTC)

Event Rules

1. How to participate

Users can stake in any of the following designated pools to receive boosted APR rewards:

• BTC Pool: APR = 500%
• ETH Pool:APR = 300%
• Stablecoin Pool: APR = 100%

NOTE: Each pool is First Come First Served and the reward quota is LIMITED.

2. Rewards Calculation

All rewards are calculated and distributed daily, consisting of two parts:

• USDC rewards are issued as USDC and sent directly to the user's wallet, fully withdrawable;
• Bonus rewards are issued as trial bonus credits and added to the user's ELFi account for in-platform use.

3. Subsidy Allocation Breakdown

4. Network availability

• Arbitrum One: BTC / ETH / Stablecoin pools
• Base: ETH / Stablecoin pools

Reward Calculation Logic

1. Subsidy Calculation Formula

When stake value ≥ 500 USD:

• USDC reward = Bonus APR × 500 × 50% ÷ 365
• Daily Bonus reward = Bonus APR × 500 × 50% ÷ 365

When stake value < 500 USD:

• USDC reward = Bonus APR × Staked Value × 50% ÷ 365
• Daily Bonus reward = Bonus APR × Staked Value × 50% ÷ 365

2. Example

BTC Pool (500% APR)

User stakes 500 USD:

• Total daily reward = 500 × 500% ÷ 365
• USDC reward: 500 × 100% ÷ 365 ≈ 1.37 USDC
• Bonus reward: 500 × 400% ÷ 365 ≈ 5.48 USDT

NOTE: If you redeem your stake on a given day, no rewards are calculated for that day.

Event Highlights

• High returns – rewards start accruing from T+1 after staking and are credited daily.
• Flexible staking – stake or redeem at any time; funds staked during the event automatically take part in the reward calculation while quota remains.
• Transparent distribution – daily DAI and trial bonus credits are clearly shown in your account and can be claimed whenever you wish.

How to join

1. Select a pool that matches your preference.
2. Complete the staking transaction; your staked value is used directly in reward calculations.
3. 4. Rewards are calculated on a T+1 basis and become claimable from T+2. You may view and claim your rewards at any time on the Pool Details page.
4. You can view detailed reward records in the Claim History. Trial Bonus rewards will be credited to your ELFi account upon claiming, while DAI will be sent directly to your wallet.

Important notes

1. Extra rewards are only available for funds staked during the event period. Once the event ends, the pools will revert to their standard APR.
2. Reward quotas are limited; once filled no further rewards will be generated.
3. If you redeem your staked assets on any given day, rewards for that day will not be generated, regardless of the redemption time.
4. ELFi may amend or cancel the event at any time. Use of sybil addresses leads to disqualification.

Join the 500% APR Boosting Event today and take your earnings to the next level.

For any questions, contact the ELFi support team (opens in a new tab).