# Elixir

By [reserch.eth](https://paragraph.com/@reserch) · 2024-05-23

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![](https://storage.googleapis.com/papyrus_images/be3171ce36499d9f73ad3ef200c2b2be1590846f4b60b5fa25007e7a84a078ef.png)

[**Elixir**](http://www.elixir.xyz) is a decentralized protocol that ensures full compatibility for integrations, providing computationally secure, algorithmic market-making on CEX and DEX.

The protocol is a modular DPoS network created to provide liquidity on exchanges.

Elixir is part of the restaking narrative, which is in the top 3 narratives of this bull run.

**Elixir Overview**
===================

**In terms of** [**investments**](https://dropstab.com/coins/elixir-2), the project raised $17m from major funds in late March 2024, led by Hack Capital, Maelstrom (Arthur Hayes), and many other major companies, with an $800m valuation.

**Moreover, the Series B round concluded at $8m from** [**Sui Ecosystem**](https://medium.com/@airdrophunter_official/3739eccfec2c)**, and the project actively** [**supports**](https://cryptohayes.substack.com/p/chief-story-officer) **Arthur Hayes** (a popular influencer who announced on his Twitter that his attention is shifting to altcoins, among which the Elixir project was found).

Looking at the project in [CryptoRank](https://cryptorank.io/ico/elixir-games), Elixir already has an upcoming IDO — so to participate in the giveaway, it’s definitely worth hurrying up to not miss the gem:

**A bit more information about Elixir:**

*   The $ELX tokens will be used for block validation to create demand, as well as protocol governance.
    
*   According to the [roadmap](https://docs.elixir.xyz/elx-role-in-the-elixir-ecosystem), the project will go live on the mainnet in June-July 2024.
    
*   The average block time in the Elixir blockchain is 0.89 seconds, 341 transactions per second, with a total of 236M transactions.
    
*   The turnover volume in the Elixir network is $912M.
    
*   **Currently, the project is undergoing a testnet, with the main condition being to hold a node, which is successfully launched on our platform.**
    

**Elixir Overview**
===================

**In terms of** [**investments**](https://dropstab.com/coins/elixir-2), the project raised $17m from major funds in late March 2024, led by Hack Capital, Maelstrom (Arthur Hayes), and many other major companies, with an $800m valuation.

**Moreover, the Series B round concluded at $8m from** [**Sui Ecosystem**](https://medium.com/@airdrophunter_official/3739eccfec2c)**, and the project actively** [**supports**](https://cryptohayes.substack.com/p/chief-story-officer) **Arthur Hayes** (a popular influencer who announced on his Twitter that his attention is shifting to altcoins, among which the Elixir project was found).

Looking at the project in [CryptoRank](https://cryptorank.io/ico/elixir-games), Elixir already has an upcoming IDO — so to participate in the giveaway, it’s definitely worth hurrying up to not miss the gem:

**A bit more information about Elixir:**

*   The $ELX tokens will be used for block validation to create demand, as well as protocol governance.
    
*   According to the [roadmap](https://docs.elixir.xyz/elx-role-in-the-elixir-ecosystem), the project will go live on the mainnet in June-July 2024.
    
*   The average block time in the Elixir blockchain is 0.89 seconds, 341 transactions per second, with a total of 236M transactions.
    
*   The turnover volume in the Elixir network is $912M.
    
*   **Currently, the project is undergoing a testnet, with the main condition being to hold a node, which is successfully launched on our platform.**
    

**What actions does our platform take after purchasing Elixir nodes?**
======================================================================

*   Creation of accounts on social media (to subsequently leave a form indicating that the account held a node)
    
*   Server purchase and installation for the node
    
*   Validator installation and Elixir [validator](https://docs.elixir.xyz/running-an-elixir-validator) launch
    
*   Request for $ELX tokens and token staking
    
*   Registration and token delegation of $ELX
    
*   Claiming a role in Discord
    

**All these actions will be automatically performed by our** [**platform**](https://app.airdrop-hunter.site/nodes) **script and will provide an opportunity to receive a large drop into wallets!**

**What other activities are there in Elixir?**
==============================================

**Elixir has also launched a series of quests — currently, the Apothecary quest.**

To participate, go to the [website](http://www.elixir.xyz) and sign a transaction in MetaMask,

and then link your Twitter and Discord, subscribing to Elixir channels:

![](https://storage.googleapis.com/papyrus_images/95fd08a081869b0a739ddcc5b20261be7fbbe82378c2768d3370585a699a231f.png)

After that, you’ll need to acquire elxETH tokens — to do this, you need to deposit a minimum of $100 and click “Mint,” signing the transaction:

![](https://storage.googleapis.com/papyrus_images/23e66ba597fc579ba091a1cbffb8a97a1aa5f80128f30eb123abf65c946b2cec.png)

![](https://storage.googleapis.com/papyrus_images/3e46e7a1d8dd3b5f7a887ec6434d054a9a9f4b337823dfc193da3781fadc7700.png)

Please note that all deposits in elxETH will have a 50% growth boost until the August mainnet launch.

Additionally, Pendle will provide a minimum of 2x acceleration for Elixir mining, and the Elixir TVL could increase by 2–3+ times!

**And the more elxETH token minters there are, the less the boost to points will be — so to maximize your boost and receive a good drop, purchase Elixir nodes on the platform.**

**If you are actively engaging in activities manually and don’t have $100 in Ethereum Mainnet** — you can click on the USDC deposit button below the mint button:

![](https://storage.googleapis.com/papyrus_images/cf035eac1e0cafa00b89962d80e1d1ced8991e4d60efa5d1fa14a53510fcea8e.png)

Then you will be directed to a [site](https://agg.elixir.xyz/) where you can stake your stablecoins (USDT, USDC) on Sui networks (for Sui Wallet), Arbitrum One, and Ethereum Mainnet, choosing the suitable APY:

![](https://storage.googleapis.com/papyrus_images/d8b0bea310e08a024ee9f53dcf9cd3db21c75458830ab6c3ea3ddee1d9217d74.png)

In the [Networks](https://www.elixir.xyz/network) section, you can delegate your funds to validators:

![](https://storage.googleapis.com/papyrus_images/edb49176759a9ea636c118a97210abf76ae0debf7af54c5c38571b8a42a751b9.png)

A total of 20m points will be allocated to Elixir, and 1m points will be distributed weekly.

**Conclusion**

Thus, the new gem project Elixir, which rumors started circulating about just a couple of days ago, could distribute an excellent drop.

**Therefore, we recommend joining the project early by purchasing Elixir nodes on the platform** to potentially qualify for a significant drop.

**Keep in mind that there isn’t much time left for the two stages to unfold,** so the earlier you start, the better!

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*Originally published on [reserch.eth](https://paragraph.com/@reserch/elixir)*