Ethereum Leverage Assets
0x0a5aa8eda423a6ee19d4dc3e1d39befc8acc2477Links supplied by GG where no quests profile is linked. Ownership unverified.
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The thesis
Edited Sep 8, 2026, 12:56 PM UTC
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Dossier: Ethereum Leverage Assets
Open project pageELA is a factory and launchpad for leveraged ETH tokens. Each pair begins on a bonding curve, then migrates to a pool whose hook runs a leveraged wstETH/WETH position through Aave, with leverage fixed at 2x or 3x at creation.
Readout
- price
- $1.22
- 24h vol
- $97.8k
- mcap
- $1.22m
- liquidity
- $5.8k
- holders
- 554
- 24h
- -0.2%
mint not renounced
- calls on gg
- 1
- first called at
- $322.6k
- since
- 3.34x
Last onchain reading for ELA on eth, not live. gg records that someone called it, never that they were right.
GG1 GMGN Referral links. We may earn a commission. Founders
Notable
- The documented mechanism uses Aave wstETH/WETH loops, with no user margin or position management.
- The project claims permissionless pair creation, fixed leverage, and a 1% fee after migration.
- Risk Labs says it completed three ELA buybacks using trading fees.
- Third-party posts associate the supplied address with ELA and @riskfdn, but the site does not show the full address.
Unverified
- The founders' legal identities and any formal company structure are not established.
- No GitHub repository or independent audit was found.
- No backers or outside funding are disclosed.
- The full ELA token address is not published on the project site; its association is based on project-linked third-party posts.
Project discussion, shared with its dossier and every GG call linked to this project.
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