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

Elixir Network Claims

https://claim.elixir.xyz

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