what's ElfomoFi?

ElfomoFi is a decentralized exchange (DEX) operating on the Base chain as a proprietary Automated Market Maker (prop-AMM). It is designed to surpass traditional DEXs and RFQ pricing by delivering centralized exchange (CEX)-like execution entirely onchain. Quotes are generated from a theoretical asset price curated by an internal trading team, enhanced with onchain signals to ensure tight spreads and pricing closely aligned with global markets. Prices refresh every block for real-time competitiveness. ElfomoFi incentivizes adoption by offering rebates to integrators like DEX aggregators and solvers. Built by Elfomo Labs, a DeFi trading and research firm, it employs oracle-based pricing mechanisms while keeping all operations fully onchain, focusing initially on high-volume pairs such as ETH-USDC.