Elk Weekly Recap — #21

Another Moose sellout! Plus: dual-token farm bonanza and details about changes to farms for the start of Round #9. Read on…

Protocol & Partnership News

• Wow! BSC Moose NFTs sold out in a hurry. Following the presale for Elk Season 2 + Top LP providers on ElkDEX BSC, the public sale took just 75 seconds to sell out!
• Don’t worry. If you missed it due to a bathroom emergency, the SOTA Finance NFT marketplace is planning to add to the verified collection in the new few days
• Speaking of which… If you missed out on xDai Moose NFTs, they’ve just been added as a verified collection on Eporio Marketplace
• Interesting. A dual-reward farm for Plateau Finance ($PLT) a new yield optimizer, went live on Avalanche
• And then… Elk Rush xDai keeps delivering with an insightful AMA with Symmetric ($SYMM) on the official Elk Telegram, followed by the debut of a dual-reward ELK-SYMM farm
• Wow, two new farms? Hold on, boss. 1Hive (xDai) joined us in Telegram for a wide-ranging AMA. We marked the occasion by pumping up our HNY-ELK farm with dual-token rewards
• Not done yet! A dual-reward farm went live on Cronos for Crodex ($CRX), the largest DEX by volume. Crodex got on board too by adding a CRO-ELK farm on their app!
• OK, this is getting ridiculous…following a fun Telegram AMA with Cold Truth Culture (xDai) about their unique NFTs, the COLD-ELK farm got a healthy dual-token boost as well.
• Seriously, there’s more?? We also added a farm for Photoswap ($PHOTON), another new DEX on Cronos chain

Community Happenings

• CoinMarketCap got with the program and officially listed Elk as a DEX (rather than just a token)
• Our very own podcaster extraordinaire @LtSnakePlissken hopped in the studio with 0xTalks, an OEC Network podcast, to talk all things Elk.
• A new episode of the Elk Finance Podcast also dropped, delving into the galaxy of benefits that come with our Moose NFTS

Milestones & Metrics

• Liquidity on ElkDEX xDai passed $1M. #ElkRush in action!

A new farming round went live on the 5th. Unlike past rounds, there is no need to withdraw from farms with the new farm contracts, so you may not have even noticed! As we said previously, this makes it easier for everyone — Elk developers, Elk farmers, and third-party utilities like portfolio trackers & auto-compounders.

It does mean that the Impermanent Loss Protection (ILP) clock reset. Not to worry, you can claim your accumulated ILP tokens from Round 8 and vesting will start over for Round 9 whenever you claim.

This new round will take us through the new year, with an end date of 12th of January, 2022.

As in the past, we also rebalanced emissions and discontinued some farms. These changes are made based on multiple factors, including liquidity, trade volume, evolving emissions targets, and partnership opportunities. If you have LP deposited in a farm that has been discontinued, simply click on the “Withdraw from Previous Farms” link on the farm page to access and remove your LP. Remember, you are more than welcome to keep providing liquidity for the pair; it simply will no longer earn ELK rewards on top of 100% of trade fees that you accumulate as a liquidity provider on the Elk platform.

Here are the notable emissions changes that went into effect:

Here is a list of farms that have been discontinued:

• New website UI (we promise this time)
• Later today, a brand new AVAI-ELK farm with dual-token rewards out of the gate goes live on Avalanche with thanks to our friends at OrcaDAO.
• Tomorrow, Tuesday Dec. 7, Rarify (xDai) joins us for a Telegram AMA with $100 worth of $RARE in prizes. (I’m starting to see a pattern here. Wonder if a dual-token farm will follow…?)
• When’s Fantom getting some dual-token love? Tomorrow! Singular Farm is supporting a brand new dual-token SING-ELK farm
• A new chain launch…?