ElevateFi

EFI Price

About ElevateFi (EFI)

ElevateFi is a decentralized infrastructure layer for sustainable wealth creation across decentralized finance and real-world-asset markets on the Polygon blockchain.

• Offers non-custodial staking vaults and liquidity strategies through a modular architecture.
• Features a 15-level referral reward system known as the SpiderWeb network.
• Governed by the Elevate DAO, which utilizes nine leadership ranks to drive protocol growth.

What Is ElevateFi

ElevateFi is designed to provide users with decentralized wealth creation opportunities by bridging decentralized finance (DeFi) with real-world assets. The project operates as an infrastructure layer that exposes primitives for various financial actions, including deposit, staking, and auto-compounding. Value moves through the system as users stake EFI tokens to earn daily rewards, which are generated from protocol activities and managed via smart contracts.

The EFI token serves as the primary application utility token within the ecosystem. It is used to participate in staking programs, unlock referral commissions, and advance through the DAO leadership tiers. As the ecosystem grows, the protocol aims to scale by integrating more real-world assets and expanding its global community of stakers and referrers.

What Makes ElevateFi Unique

ElevateFi distinguishes itself through its tiered reward structures and leadership-driven governance:

• SpiderWeb Rewards: A 15-level referral system where commissions are earned as a percentage of the rewards generated by a user's downline, rather than their initial stake principal.
• DAO Leadership Ranks: A progression system consisting of nine tiers—from Pioneer to Sovereign—that provides active participants with staking bonuses and access to global volume bonuses.
• No Lock-up Staking: The protocol offers on-demand staking without the use of derivative tokens or mandatory lock-up periods, allowing for capital mobility.
• Policy Guards: To ensure protocol health, ElevateFi implements multi-sig governance, circuit breakers, and slippage caps.

What Can You Use ElevateFi for?

The EFI token provides multiple utility functions within the protocol:

• Staking: Users can stake EFI in one of eight tiered packages to earn daily rewards ranging from 0.30% to 1.00%, subject to a 2x lifetime payout cap.
• Referral Commissions: By participating in the SpiderWeb network, holders can earn passive income from the staking rewards of their referred users across 15 levels.
• Governance and Ranks: Holders can engage in the Elevate DAO and advance through leadership ranks by growing their team volume and meeting self-stake requirements.

How Does ElevateFi Work?

ElevateFi is built on Polygon smart contracts and utilizes a modular architecture to manage its financial primitives. The protocol allows for non-custodial interaction, meaning users retain control of their assets while participating in staking vaults. Pricing is verified through decentralized oracles, and the protocol can incorporate optional KYC-gated pools for specific real-world asset integrations.

Transaction-related interactions within the application involve protocol service fees, which are used to maintain the infrastructure and reward participants. Governance proposals are managed by the Elevate DAO, which requires a specific quorum and utilizes timelock execution to ensure transparent and secure protocol updates. The project is part of the broader Polygon Ecosystem of decentralized applications.

Team Info and Investors

The source material does not specify the individual founders or early-stage investors for ElevateFi. The project is managed by the Elevate DAO, a community-driven governance body that oversees protocol development and risk management policies. Governance is structured around leadership ranks that incentivize long-term participation and ecosystem growth.

Where can you buy ElevateFi?

EFI tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade ElevateFi is Quickswap, where the most active trading pair EFI/DAI has a trading volume of $12,309.34 in the last 24 hours.

What is the daily trading volume of ElevateFi (EFI)?

The trading volume of ElevateFi (EFI) is $12,309.34 in the last 24 hours, representing a -84.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for ElevateFi (EFI)?

ElevateFi (EFI) reached an all-time high of $22.14 and an all-time low of $1.75. It’s now trading -43.20% below that peak and 619.40% above its lowest price.

What is the market cap of ElevateFi (EFI)?

Market capitalization of ElevateFi (EFI) is $12,442,703 and is ranked #1121 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EFI tokens (1 Million tokens are tradable on the market today).

What is the fully diluted valuation of ElevateFi (EFI)?

The fully diluted valuation (FDV) of ElevateFi (EFI) is $12,442,703. This is a statistical representation of the maximum market cap, assuming total number of 1 Million ETH tokens are in circulation today.

How does the price performance of ElevateFi compare against its peers?

With a price decline of -2.10% in the last 7 days, ElevateFi (EFI) is underperforming the global cryptocurrency market which is up 0.00%, while underperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.

How to add ElevateFi (EFI) to MetaMask?

Adding ElevateFi (EFI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import EFI as a token. You can copy EFI’s contract address (0xae840deab9916d80fadf42e218119a6051468169) and import it manually, or if you've installed MetaMask's chrome extension, add EFI to MetaMask with one click on CoinGecko.

Add EFI to MetaMask.