ElixirElixir Upgrades to Chainlink to Support Its $180M+ TVL Network
We’re excited to announce that Elixir has upgraded to the Chainlink standard for cross-chain interoperability across Avalanche and Ethereum—and will be upgrading the rest of our bridging routes to CCIP over time. Chainlink CCIP enables highly secure cross-chain transfers of the $180M+ market cap deUSD stablecoin by leveraging the Cross-Chain Token (CCT) Standard. Elixir has also upgraded to the Chainlink standard for verifiable data with Chainlink Price Feeds providing tamper-proof data to su...
ElixirIntroducing Elixir's Mainnet Phase I
October 31st marks a new era for the Elixir Network with the introduction of a new Apothecary epoch and the upcoming launch of the first mainnet phase of the network. To date, participants within Elixir’s ecosystem have been earning potions as part of the recent Apothecary program. These mark the contribution to the growth of the network in its early phases - this includes deUSD users, community members and those who’ve supplied liquidity to Elixir-powered orderbooks. The network has establis...
ElixirElixir Network by the Numbers
The purpose of this post is to provide data surrounding Elixir’s network since the launch of the network’s trusted mainnet, including key stats including users, TVL, percentage of orderbook liquidity powered on live native integrations, and share of aggregated orderbook liquidity controlled by the Elixir Network. The Elixir network has emerged as an influential force in the orderbook exchange landscape. This post aims to provide a data-driven view of the Elixir network's growth via numer...
The consensus network powering crypto exchanges and deUSD, DeFi’s native dollar. Secured by 50,000+ global validators.
ElixirElixir Upgrades to Chainlink to Support Its $180M+ TVL Network
We’re excited to announce that Elixir has upgraded to the Chainlink standard for cross-chain interoperability across Avalanche and Ethereum—and will be upgrading the rest of our bridging routes to CCIP over time. Chainlink CCIP enables highly secure cross-chain transfers of the $180M+ market cap deUSD stablecoin by leveraging the Cross-Chain Token (CCT) Standard. Elixir has also upgraded to the Chainlink standard for verifiable data with Chainlink Price Feeds providing tamper-proof data to su...
ElixirIntroducing Elixir's Mainnet Phase I
October 31st marks a new era for the Elixir Network with the introduction of a new Apothecary epoch and the upcoming launch of the first mainnet phase of the network. To date, participants within Elixir’s ecosystem have been earning potions as part of the recent Apothecary program. These mark the contribution to the growth of the network in its early phases - this includes deUSD users, community members and those who’ve supplied liquidity to Elixir-powered orderbooks. The network has establis...
ElixirElixir Network by the Numbers
The purpose of this post is to provide data surrounding Elixir’s network since the launch of the network’s trusted mainnet, including key stats including users, TVL, percentage of orderbook liquidity powered on live native integrations, and share of aggregated orderbook liquidity controlled by the Elixir Network. The Elixir network has emerged as an influential force in the orderbook exchange landscape. This post aims to provide a data-driven view of the Elixir network's growth via numer...
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The consensus network powering crypto exchanges and deUSD, DeFi’s native dollar. Secured by 50,000+ global validators.
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Elixir is the most widely adopted network by RWAs: exclusively bringing funds from BlackRock, Hamilton Lane, Apollo and others to DeFi for the first time through deUSD.
The Elixir network is secured by 30,000+ global validators.
With the launch of the ELX token, users will now be able to secure, govern, and participate more deeply within the ecosystem.
The eligibility checker is now live for users, community members, and select DeFi power users to check their allocation:
Elixir Network Claims
ELX is the native erc20 token of the Elixir network, driving governance and securing consensus within the ecosystem.
ELX is used to validate the network - multiple billion dollar traditional financial institutions already run validators. These names will be announced over the coming weeks and months.
With 41% of the total ELX supply allocated to the community, holders play a pivotal role in guiding the network’s direction and growth. The token supply distribution is as follows:
Community: 41%
Season 1 airdrop: 8%
Future airdrops/LP incentives: 21%
Public network security rewards (for ELX stakers/delegators): 12%.
Locked tokens cannot be staked
DAO Foundation: 22%
These tokens will be allocated for grants, future ecosystem rewards, etc.
Liquidity: 3%
This represents the allocation of the network set aside for market makers and other liquidity providers across both centralized and decentralized exchanges
Investors: 15%
This is distributed to early investors of Elixir. These parties have provided crucial financial support during the 3+ years of Elixir’s development
Core Contributors: 19%
This allocation is set aside for the core contributors of the Elixir ecosystem: both past and future hires of Elixir Labs Ltd.
The following table outlines ELX token allocations and their emission / vesting schedules:
In aggregate, over 40% of the ELX token supply has been set aside for the community, and 22% for the DAO foundation. The majority of this airdrop has been distributed to Apothecary potion holders - the initial allocation for ELX can be found below.
Total ELX allocation: 8.00%
Apothecary: 7.00%
Community contributors: 0.40%. This includes:
Cult OGs
Private cult members
Ritual winners
Discord role holders
POAPs and top XP earners (from cross community tournaments, etc)
Elixir Electric Bazaar NFT holders: 0.10%
Validators: 0.25% Given to early testnet users that connected their validator to their Apothecary
DeFi stablecoin power users: 0.25%
Apothecary allocations were treated mostly linearly, up to certain levels (specified below) with slight decreases in rate of return of ELX as airdrop amounts grows:
S3 receiving 2.75% (to date)
S2 receiving 3.00%
S1 receiving 1.25%
S3: First 30,000 potions treated linearly. Following potions accrue ELX at slightly decreased rate x^(1/1.4):
S2: First 10,000 potions treated linearly. Following potions accrue ELX at slightly decreased rate x^(1/1.3):
S1: Fully linear
There were special boosts given to the Dewhales and Turtle Club community (these received a 20% boost, as opposed to the normal 10% referral boost).
Lastly, Elixir took a TVL snapshot on Feb 28th. Users who had funds in the protocol on this date received a 30% boost in their final ELX weighting. There was a hard cutoff at a minimum of 37.5 ELX for users to receive an allocation.
1. Check Your Eligibility / Claim When Live
Visit claim.elixir.xyz and connect your EVM address to see if you’re eligible for the ELX airdrop. If you qualify, you’ll be able to manage your allocated ELX tokens directly from the website at token launch.
2. Manage Staked Delegated Tokens
Airdrop recipients are automatically delegated to the ‘ElixirFoundation’ validator.
Manage your delegation anytime by navigating to the “Validators” page on our platform. Withdrawals are immediately open, and after the initial 3 month period users can redelegate their tokens to a different validator (such as their own).
Please note, the usual 7 day withdrawal cooldown on staked/delegated ELX does not apply to airdrop recipients and their balance.
3. Earn Pre-Allocated Stability Phase Rewards
By the end of this 3 month network decentralization phase, users who remained delegated will have doubled their initial ELX airdrop allocation.
Some notes:
Rewards will be earned realtime during this phase and users can withdraw their auto-delegated ELX at any time, keeping their earned emissions (but forfeiting the remainder)
Users who were autodelegated are exempt from the typical 7 day cooldown period required to unstake their ELX
After this period, users will earn a special “OG” delegation that will boost their validator staking rewards rate
If you did not connect your EVM wallet to your SUI wallet before the previously announced March 1st hard deadline, you will not be able to access your airdrop. There will be a final one-time grace period - you must connect your EVM wallet to your Sui account in the Apothecary by March 31st. Afterwards we will enable a claim flow for you to access your airdrop. Please follow the Elixir Twitter/Discord for more details
For any issues through the process, please join our discord and open a ticket: discord.com/invite/elixirnetwork
Elixir is the most widely adopted network by RWAs: exclusively bringing funds from BlackRock, Hamilton Lane, Apollo and others to DeFi for the first time through deUSD.
The Elixir network is secured by 30,000+ global validators.
With the launch of the ELX token, users will now be able to secure, govern, and participate more deeply within the ecosystem.
The eligibility checker is now live for users, community members, and select DeFi power users to check their allocation:
Elixir Network Claims
ELX is the native erc20 token of the Elixir network, driving governance and securing consensus within the ecosystem.
ELX is used to validate the network - multiple billion dollar traditional financial institutions already run validators. These names will be announced over the coming weeks and months.
With 41% of the total ELX supply allocated to the community, holders play a pivotal role in guiding the network’s direction and growth. The token supply distribution is as follows:
Community: 41%
Season 1 airdrop: 8%
Future airdrops/LP incentives: 21%
Public network security rewards (for ELX stakers/delegators): 12%.
Locked tokens cannot be staked
DAO Foundation: 22%
These tokens will be allocated for grants, future ecosystem rewards, etc.
Liquidity: 3%
This represents the allocation of the network set aside for market makers and other liquidity providers across both centralized and decentralized exchanges
Investors: 15%
This is distributed to early investors of Elixir. These parties have provided crucial financial support during the 3+ years of Elixir’s development
Core Contributors: 19%
This allocation is set aside for the core contributors of the Elixir ecosystem: both past and future hires of Elixir Labs Ltd.
The following table outlines ELX token allocations and their emission / vesting schedules:
In aggregate, over 40% of the ELX token supply has been set aside for the community, and 22% for the DAO foundation. The majority of this airdrop has been distributed to Apothecary potion holders - the initial allocation for ELX can be found below.
Total ELX allocation: 8.00%
Apothecary: 7.00%
Community contributors: 0.40%. This includes:
Cult OGs
Private cult members
Ritual winners
Discord role holders
POAPs and top XP earners (from cross community tournaments, etc)
Elixir Electric Bazaar NFT holders: 0.10%
Validators: 0.25% Given to early testnet users that connected their validator to their Apothecary
DeFi stablecoin power users: 0.25%
Apothecary allocations were treated mostly linearly, up to certain levels (specified below) with slight decreases in rate of return of ELX as airdrop amounts grows:
S3 receiving 2.75% (to date)
S2 receiving 3.00%
S1 receiving 1.25%
S3: First 30,000 potions treated linearly. Following potions accrue ELX at slightly decreased rate x^(1/1.4):
S2: First 10,000 potions treated linearly. Following potions accrue ELX at slightly decreased rate x^(1/1.3):
S1: Fully linear
There were special boosts given to the Dewhales and Turtle Club community (these received a 20% boost, as opposed to the normal 10% referral boost).
Lastly, Elixir took a TVL snapshot on Feb 28th. Users who had funds in the protocol on this date received a 30% boost in their final ELX weighting. There was a hard cutoff at a minimum of 37.5 ELX for users to receive an allocation.
1. Check Your Eligibility / Claim When Live
Visit claim.elixir.xyz and connect your EVM address to see if you’re eligible for the ELX airdrop. If you qualify, you’ll be able to manage your allocated ELX tokens directly from the website at token launch.
2. Manage Staked Delegated Tokens
Airdrop recipients are automatically delegated to the ‘ElixirFoundation’ validator.
Manage your delegation anytime by navigating to the “Validators” page on our platform. Withdrawals are immediately open, and after the initial 3 month period users can redelegate their tokens to a different validator (such as their own).
Please note, the usual 7 day withdrawal cooldown on staked/delegated ELX does not apply to airdrop recipients and their balance.
3. Earn Pre-Allocated Stability Phase Rewards
By the end of this 3 month network decentralization phase, users who remained delegated will have doubled their initial ELX airdrop allocation.
Some notes:
Rewards will be earned realtime during this phase and users can withdraw their auto-delegated ELX at any time, keeping their earned emissions (but forfeiting the remainder)
Users who were autodelegated are exempt from the typical 7 day cooldown period required to unstake their ELX
After this period, users will earn a special “OG” delegation that will boost their validator staking rewards rate
If you did not connect your EVM wallet to your SUI wallet before the previously announced March 1st hard deadline, you will not be able to access your airdrop. There will be a final one-time grace period - you must connect your EVM wallet to your Sui account in the Apothecary by March 31st. Afterwards we will enable a claim flow for you to access your airdrop. Please follow the Elixir Twitter/Discord for more details
For any issues through the process, please join our discord and open a ticket: discord.com/invite/elixirnetwork
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