In Algorithmic Stablecoin, we have come such a long way to what we have achieved today. We tried to explore the different ways to create a successful Algo Stablecoin, and failed many times.

From the famous Basis Coin, which was later shut by the SEC, to AMPL, ESD, BAS, FRAX…

To all Elena fans, thank you very much for your support from the beginning. As promised, there will be 50 lucky winners of airdrop events. You are able to claim 2 $ELENA for every address. We are giving away over total $20,000 worth of $ELENA to our early supporters.

The…

Elena Protocol will officially move into the fractional stage on April 26, 2021 (UTC), which means that Elena will become more valuable because each time when minting USE, Elena is needed. The amount of Elena needed will vary with the update of the collateral rate. When the collateral rate decreases…

We are happy to illustrate the steps of participating in ELENA’s liquidity mining:

Step1: mint USE

The ELENA protocol will incentivize the liquidity pool of USE/DAI. USE token can be minted through DAI and ELENA. When the collateral rate is 100%, 1 USE is minted by 1 DAI. …

We are delighted to officially announce the launch of the Elena Protocol at 12 am UTC on April 19, 2021.

Algorithmic stablecoin is the Holy Grail of cryptocurrencies, an asset with all the benefits of decentralization but limited volatility.
It is the cornerstone of the entire crypto palace.
The crypto industry has…

As Elena protocol is a 100% fair launch project, there was no VC, or pre-sale to raise capital for the expansion of the project, everything was self-funded by the founders. We have set up an eco-system vault for further development of ELENA.

We are introducing Elena Protocol and USE Stablecoin…

We decide to upgrade the project name to Elena Protocol, and the name of ELENA will shine with the sun 🌞

During the process of designing Elena Protocol, we have been monitoring several well-known algorithmic stablecoin projects. When choosing a price anchoring mechanism, we prefer the arbitrage strategy which is…

As Elena protocol is a 100% fair launch project, there was no VC, or pre-sale to raise capital for the expansion of the project, everything was self-funded by the founders. We have set up an eco-system vault for further development of ELENA.

We are introducing Elena Protocol and USE Stablecoin…

Elena Protocol

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