# RFX integrates with Lido and Elixir Protocol

By [RFX](https://paragraph.com/@rfx) · 2024-09-20

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RFX is excited to announce integrations with Lido and Elixir Protocol, ahead of its upcoming mainnet launch. LPs and Traders will be able to use wstETH and deUSD as collateral on RFX, offering increased capital efficiency and boosted yield for market participants.

These integrations are the first step towards achieving RFX’s goal to build the most capital efficient derivatives exchange.

Liquidity pools using wstETH - deUSD as collateral will be introduced for 4 perp markets and 2 spot markets at launch. LPs that deposit wstETH and deUSD in qualifying pools will be eligible to claim a share of the incentives being offered by RFX, Lido and Elixir.

### **Qualifying Pools**:

*   wstETH - deUSD
    

### **Qualifying Perp Markets**:

*   ETH/USD
    
*   BTC/USD
    
*   SOL/USD
    
*   stETH/USD
    

### **Qualifying Spot Markets**:

*   wstETH - ETH
    
*   deUSD - USDC
    

### **Incentives from RFX**:

*   5x Particles boost for LPs that deposit liquidity in qualifying markets during the upcoming Liquidity Generation Event (LGE)
    
*   300k ZK per epoch (i.e. month) for 5 months for LPs that deposit collateral in qualifying markets
    

### **Incentives from Lido**:

*   276,715 ZK per epoch (i.e. month) for 5 months for LPs that deposit wstETH in qualifying markets
    

### **Incentives from Elixir**:

*   5x Potions boost for all deUSD pool deposits in qualifying markets, and USDC deposits in the deUSD - USDC spot market
    

**_About Elixir and deUSD_**
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Elixir is a modular DPoS network built to power liquidity on exchanges. Elixir is cross-chain and composable: enabling DEXs to natively integrate Elixir Protocol into their core infrastructure to unlock retail liquidity for pairs, among other exciting use cases. deUSD ("decentralized US Dollar") is a fully collateralized synthetic dollar powered by the Elixir Network and can be minted by depositing stETH and sDAI as collateral. Elixir uses the deposited collateral to short ETH, creating a delta neutral position.

**_About Lido and stETH_**
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Lido is the leading liquid staking solution - providing a simple way to get rewards on your digital tokens. By staking with Lido your tokens remain liquid and can be used across a range of DeFi applications, getting extra rewards. stETH (”staked ETH”) is a rebasable ERC-20 token that represents ether staked with Lido. Unlike staked ether, it is liquid and can be transferred, traded, or used in DeFi applications. The total supply of stETH reflects the amount of ether deposited into protocol combined with staking rewards, minus potential validator penalties.

**_What’s Next?_**
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This marks the first milestone of a deeper collaboration between Elixir, Lido and RFX. We are excited to add strong DeFi utility and bring deeper liquidity to both deUSD and wstETH in the zkSync Ecosystem.

Follow us on [X](https://x.com/RFX_exchange) and join our [discord](https://discord.gg/zBG5Wg9XX4) and [telegram](https://t.me/rfx_exchange) to get involved!

Details on the Liquidity Generation Event and upcoming incentive programs will be published soon.

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*Originally published on [RFX](https://paragraph.com/@rfx/rfx-integrates-with-lido-and-elixir-protocol)*