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Elixir Network

Category: Layer 1, Decentralized Finance (DEFI)

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Overview

Total XP Rewards

40

Estimated Rewards

$25M

Funding

$17.6M

Current Stage

Season 2

Total value locked

$304M

Unique Users

50,000

Chains

chain imagechain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

A

Tasks

0/2

TGE

Q1-2025

Type

Layer 1

Confirmed

Yes

Date

11 months ago

Introduction

  • The Elixir Network is a new primitive, built from the ground up to power liquidity across orderbook exchanges.
  • Elixir connects CEXs & DEXs seamlessly, enabling secure market-making across all platforms.

Tasks

task-link
task-link

Fundamentals

  • ​Elixir is cross chain and composable, enabling orderbook DEXs to natively integrate Elixir into their core infrastructure to unlock retail liquidity for pairs, among other exciting use-cases.
  • The network serves as crucial underlying infrastructure allowing for exchanges and protocols to easily bootstrap liquidity to their books.
  • Elixir's modular network infrastructure is decentralized and high-throughput. The network reaches DPoS consensus for orders placed on an exchange.

Potential Rewards

  • $ELX is likely around the corner and airdrop is confirmed.
  • Participate in an ongoing Apothecary Event.
  • 30-40% yields for providing USDC with airdrop.
  • Supply at least $100 of elxETH to gain the 50% boost, then pick the highest APR perpetual pairs on Elixir. 
  • Supply your stables across a variety of DEXes that haven't airdropped yet and categorize by the highest APRs.
  • Supply LP -  Cheap and flexible can remove LP anytime.
  • Mint Exleth -  High gas, Withdraw available in August, 50% boost.

Investors

  • Amber Group
  • Arthur Hayes
  • Hack VC

Audit

  • Trail of Bits

Features

  • ​Exchange feeds hold read-only credentials for each exchange, and individually subscribe to a single update stream, broadcasting that data to the data aggregators.
  • The data aggregator collects data from multiple exchange feeds and combines them into a deterministic data frame, signs them, and broadcasts them to the validators and auditors. 
  • Elixir's validator network operates off of a decentralized proof of stake system with 66% consensus required, which is enforced at the relay node.
  • Relay nodes hold trading keys for individual exchanges and tally order proposal frames from the individual validators.
  • The dispute resolution layer works to ensure that the network is acting honestly, and to resolve any conflicts should they arise.
  • Elixir has 30+ native integrations into the core infrastructure of leading DEXs.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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