diff --git a/projects/elfi/index.js b/projects/elfi/index.js
new file mode 100644
index 00000000000..f5993606535
--- /dev/null
+++ b/projects/elfi/index.js
@@ -0,0 +1,30 @@
+
+const ADDRESSES = require('../helper/coreAssets.json')
+const { getLogs2 } = require('../helper/cache/getLogs')
+
+const tradeVault = '0x8772bB60EA1BBA8a7729a90ff1907855FD55ba83'
+const lpVault = '0xbC268D619b406bdfCA1B4AC30d50Ba30AB38E96f'
+const portfolioVault = '0x9099824Be9aB2b691ce0E478853Cb15Fb81FF677'
+
+const elfUSD = '0x70B8117b3177a7CE42BEe021E89625f27E45b98C'
+
+module.exports = {
+  arbitrum: {
+    tvl,
+  },
+};
+
+async function tvl(api) {
+  const logs = await getLogs2({
+    api,
+    factory: '0x153c613D572c050104086c7113d00B76Fbaa5d55',
+    eventAbi: 'event MarketCreated (bytes32 code, string stakeTokenName, address indexToken, address baseToken, address stakeToken)',
+    fromBlock: 233088372,
+  })
+
+  const ownerTokens = logs.map(log => [[log.baseToken, log.indexToken], log.stakeToken])
+  ownerTokens.push([[ADDRESSES.arbitrum.USDC_CIRCLE], elfUSD])
+  const tokens = ownerTokens.map(([tokens]) => tokens).flat()
+  await api.sumTokens({ tokens, owners: [lpVault, portfolioVault, tradeVault] })
+  return api.sumTokens({ ownerTokens})
+}
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