Elixir has made great strides on its journey to cement itself as the default network to power institutional adoption of DeFi. The initial eras of the Apothecary rewarded those who helped the network get to where it is today.

After a successful launch of public mainnet and the ELX utility token, we’re excited to introduce the next era of the Apothecary.

Leading into token launch, Elixir deUSD TVL grew past $300M+ with over 25 DeFi integration pathways.

Elixir also grew the cult to levels not seen before, with international cult meetups around the world, users wrapping their cars, creating paintings, music, etc.

Some key network metrics achieved heading into the launch of Era 4 (as of TGE date):

• Total TVL: $310,000,000+

• deUSD TVL: $290,000,000+

• Global network validators: 20,000+

• Average rolling APR since launch: 10.42%

• Unique Apothecary Potion holders: 241,132 unique accounts

• Significant lend/borrow liquidity unlocked via the addition of sdeUSD to MEV and Gauntlet Core USDC vaults on Morpho

• Compound lend/borrow risk approval from Gauntlet

These metrics represent a strong foundation that Elixir is excited to build atop heading into the next era of the apothecary - placing a specific focus on furthering the deep relationships with asset issuers for RWAs from BlackRock, Apollo, Hamilton Lane, and 10+ others.

Elixir has already onboarded $50M+ in net new TVL to DeFi via minting deUSD with RWAs.

Elixir is currently the only holder of BlackRock sBUIDL. The network will continue to further deepen ties to RWA issuers - positioning deUSD as a 24/7 native crosschain settlement asset.

Similar to past eras, the new era of the Apothecary will encourage and reward active participation in the Elixir ecosystem. As with previous eras, potions are the primary currency.

21% of the network has been set aside for future airdrops and user incentives. Participants can look forward to new collaborations, integrations, and opportunities that leverage deUSD across multiple chains and offer Potion rewards.

Era 4 will run for 30 weeks and offer both Potion holders and the broader community the chance to earn liquid ELX rewards.

• Duration: 30 weeks of Potion rewards, starting from the launch of the ELX token (Mar 7th, 2025)

  • Participants will have opportunities throughout the Era to convert their potions into ELX tokens

  • Potions earned since TGE have been earned under this new era

  • Existing multipliers and rate of potion emissions remain the same.

• Who Will Earn:

  • Existing deUSD holders; especially those who have continue staking their ELX airdrop and those who continue holding TVL within the ecosystem

  • Elixir Cult members who complete specific tasks and challenges

  • ELX stakers, including those delegating to validators or utilizing Thunderhead’s liquid stELX

Claims will end 1 month from airdrop start time, on April 7th at 10:00 UTC. If you did not connect your EVM wallet to your SUI wallet before the previously announced March 1st hard deadline, the final grace period to claim will last an additional 30 days.

This new era marks the next chapter of Elixir’s growth post-mainnet. Follow Elixir’s socials to stay in the know:

Begin your cult journey on Telegram: @elixir_network | Website: https://elixir.xyz | Twitter: https://x.com/elixir | Discord: https://discord.gg/elixirnetwork