👋Welcome to ELMO
The Extreme Leveraged Market-making Optimizer
Last updated
The Extreme Leveraged Market-making Optimizer
Last updated
ELMO is in development and built upon Itos.
See Itos for more documentation.
ELMO the Extreme Leveraged Market-making Optimizer
It allows users to open Concentrated Liquidity Provisions with up to 625x leverage depending on the pool.
ELMO is built by the Itos team. Itos is our product for serious and long-term investors. ELMO on the other hand is the total opposite. We thought it'd be fun to build and use so we're doing it.
Just remember, with leverage the rewards become greater but so do the risks. So we'd recommend experience with regular concentrated LPing before opening large ELMO positions.
Of course we don't expect most people to actually use 625x leverage (but don't let us stop you). We anticipate two major use cases, mild leverage for wide and passive positions and extremely high leverage for short-term LPs.
For example, this ETH/USDC position has wide price ranges, earns ~36% in fees, and loses very little to IL: https://revert.finance/#/uniswap-position/arbitrum/406204. This could benefit from 2-3x leverage earning it closer to 70-90% in real yield fees.
On the other hand, Defi traders can use extreme-leveraged LP like perpetuals. When markets go up or down, they can long or short perpetuals to profit. ELMO gives them a third option, betting on a sideways market, potentially earning them massive returns in minutes.
And that's all. No complicated token splitting steps, no lockers, no bribes, no redemption. Just real, innovative, and degenerate financial engineering.