Elemental

DeFi Made Simple

Founded during the crypto bear market in September 2022, Elemental started on Solana with a modest pool of $1,000 from a few early adopters. From these beginnings, Elemental has grown into a leading Solana-based crypto fund, committed to simplifying DeFi investing. With a user-friendly interface and highly competitive fixed yields, Elemental delivers a transparent, zero-fee investment experience, making DeFi accessible to everyone.

A Walk Through History

25 Oct 2024 - SOL Deposits Go Live

Elemental enables permissionless SOL deposits directly through the website, delivering the same seamless experience as USDC deposits.

28 Sep 2024 - Open Beta Launch

Elemental's website transitions from closed alpha to open beta, allowing the public to deposit USDC permissionlessly for the first time. The initial fund capacity was set at 200,000 USDC, with more than half filled within the first 24h.

22 Jul 2024 - The Deposit Button

Nearly two years post-launch, Elemental introduces a significant feature — the deposit button. This marks the beginning of the alpha testing of Elemental's first permissionless platform, which features automated deposits, withdrawals, and yield tracking.

20 Dec 2023 - Entering Liquid Staking

The Geyser Fund adopts bSOL, a yield-bearing liquid staking token, to offer multi-layered yields. This initiative introduces BLZE tokens, augmenting base yields and promising dynamic, enhanced returns. This launch reinforces Elemental’s dedication to innovative yield strategies and strengthening partnerships within the ecosystem.

26 Oct 2023 - Inaugural Partnership Fund

Elemental's first external collaboration comes to fruition with the launch of the Geodium Fund, in partnership with Raydium. This initiative synergizes Raydium’s yield support with Elemental’s enhancements of their liquidity pools, showcasing a commitment to fostering sustainable and beneficial partnerships.

06 Sep 2023 - Ether Fund Sunset

Due to diminishing yield opportunities on Solana, Elemental sunsetted the Ether Fund. All investments and their yields were returned to investors. While this decision was pivotal at the time, Elemental remains receptive to relaunching the Ether Fund if market conditions become favorable.

18 Jul 2023 - Ethereum Expansion

Striving to further diversify their offerings, Elemental launched its inaugural $ETH fund: Ether. Utilizing wrapped $ETH, the fund offers investors the dynamism of Ethereum's ecosystem, while harnessing the cost-efficiency and high-speed capabilities of Solana.

19 Mar 2023 - Grizzlython Endeavor

Elemental made its competitive debut at the seventh Solana hackathon, Grizzlython. Their innovative proposal for a "funds marketplace" aimed to usher in a new era of actively managed funds. Although not victorious, the experience yielded invaluable insights and honed their vision for the future.

20 Nov 2022 - Fixed-Yield Revolution

Defying the norm of floating yields, Elemental pioneered fixed-yield returns in the DeFi landscape. Yield rates, stable within each 5-day Elemental Epoch, were made possible by the unique Compound Fund, offering a buffer against market volatility.

02 Oct 2022 - Compound and Insurance Funds Launch

To cultivate growing yields, Elemental introduced the Compound and Insurance Funds. The former facilitates yield growth over time, while the latter shields users with partial recovery from protocol hacks. In tandem with these advancements, Elemental unveiled its first $USDC fund.

09 Sep 2022 - Elemental's Genesis

With a modest starting point of 100 $SOL and a handful of users, Elemental embarked on its journey. Despite initial volatility, the alpha version achieved a robust 18.23% annualized yield, validating the fund's potential.