We're so excited to have builders expand on the Elfiverse and present three ideas to the community to build upon.

How to optimize NFT smart contracts to minimize gas costs, on-chain fees and building the front-end of the Elfiverse

Today our friends at Aztec Network have launched an integration of Element Finance’s fixed rates purchase and redemption transactions.

The worlds of NFTs and DeFi have generally stayed separate, experiencing only minimal cross-pollination. At Element, we believe there is fertile ground at their intersection, ripe with fresh and exciting ideas waiting to be unearthed.

We’re heads down and building through the market’s current uncertainty. We’ve situated our path forward. A few themes in what we’re doing:

It has now been almost three months since we launched Element DAO, the governance system, governance token ELFI, and decentralization has picked up steam. Since the launch, the Element community has put forward a number of proposals, and individuals campaigned for GSC representative positions; there have been many topics and discussions posted in the governance forum; the Element Protocol is fully in the hands of the community.

We are happy to introduce the Governance Steering Council (GSC) dashboard.

As previously announced, Element Finance has begun the process of decentralization. We have relinquished control over the Element Protocol. And, through the launch of governance generally to the retroactive airdrop to a series of other steps, we are committed to ensuring that the community will conduct the overall governance, vision, and guide the direction of the Protocol.

As of March 31, Element DAO is fully decentralized and community governed. And as all governance launches go, it begins with chaos.