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 support secure markets around deUSD on Avalanche, Arbitrum, Ethereum, Optimism, and Polygon.

Elixir is a decentralized liquidity network designed to bring institutional liquidity onchain, powering next-generation DeFi and real-world asset (RWA) integration. At the core of this ecosystem is deUSD, a fully collateralized, yield-bearing synthetic dollar that enables institutions to access DeFi without altering their asset exposure. Elixir’s deep integration with fund issuers makes deUSD the primary onchain entry point for assets from major financial institutions. Secured by over 30,000 global validators, Elixir also enhances liquidity for 30+ decentralized trading venues and leading exchanges. While deUSD is designed to capture funding yield, it remains resilient even in negative rate environments, positioning it as a DeFi-native and institution-friendly financial instrument.

We selected CCIP to become Elixir’s exclusive interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the blockchain industry. Thanks to its principle-driven approach, Chainlink has built one of the largest ecosystems in the blockchain industry and is the interoperability standard within capital markets. Connecting Elixir to the Chainlink community and an evergrowing ecosystem of over 50 blockchain networks, offers a multitude of growth opportunities that help Elixir get closer to its goals and increase ecosystem adoption.

In order to help secure cross-chain transfers of deUSD, we needed access to a highly reliable interoperability solution. After reviewing various solutions, we integrated Chainlink CCIP and adopted the CCT Standard given a multitude of important benefits and features, such as:

• Self-serve and permissionless—Token developers can launch a new CCT or make an existing token a CCT in a self-serve manner within minutes. When creating CCTs, CCIP contracts verify token contract ownership onchain to avoid fragmentation and help token developers remain in control of their tokens. Developers also have access to a number of resources that make the CCT creation process and ongoing management seamless, including Token Manager, CCIP Explorer, CCIP Directory, and accompanying documentation (both tutorials and scripts).

• Developer control and flexibility—Token developers retain full ownership of their token contracts, CCIP token pools, and customized implementation logic, including rate limits across chains. This autonomy eliminates vendor lock-in, hard-coded logic, or external dependencies, allowing developers to customize functionality without compromising security.

• Battle-tested security—CCIP’s consensus layer is powered by Chainlink Decentralized Oracle Networks (DONs)., infrastructure that has secured over $75 billion in DeFi TVL at its peak and enabled over $20 trillion in onchain transaction value since the start of 2022.

• Access to a rapidly growing network and future-proof—CCIP’s future-proof architecture ensures that Elixir remains ahead of the curve, with seamless integration of new blockchain networks, additional assets, and evolving security enhancements as the ecosystem grows.

In order to help secure deUSD, we needed access to fresh asset prices that are supplied directly onchain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of a reliable oracle network to fetch aggregated price data offchain and deliver it onchain to be consumed by our application. After reviewing various oracle solutions, we have upgraded to Chainlink Price Feeds because they provide a multitude of critical features, such as:

• High-Quality Data—Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by liquidity depth, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.

• Secure Node Operators—Chainlink Price Feeds are secured by independent, security-reviewed oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises with a strong track record for reliability, even during high gas prices and extreme network congestion.

• Decentralized Network—Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or the oracle network.

• Transparency—Robust, publicly available reputation frameworks and onchain monitoring tools allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.

"By adopting the Chainlink standard for cross-chain interoperability, we’re ensuring that deUSD can be transferred seamlessly across leading blockchains with the highest levels of security and reliability as a CCT. Chainlink’s proven track record and deep integration within capital markets make it the clear choice for cross-chain connectivity. Additionally, upgrading to Chainlink Price Feeds provides the tamper-proof data needed to support secure markets around deUSD and further drive its adoption.”— Philip Forte, Elixir co-founder.

About Chainlink

Chainlink is the standard for onchain finance, verifiable data, and cross-chain interoperability. Chainlink is unifying liquidity across global markets and has enabled over $20 trillion in transaction value across the blockchain economy. Major financial market infrastructures and institutions, such as Swift, Fidelity International, and ANZ Bank, as well as top DeFi protocols including Aave, GMX, and Lido, use Chainlink to power next-generation applications for banking, asset management, and other major sectors. Learn more by visiting chain.link.

About Elixir

Elixir is the most widely adopted network for RWAs: exclusively bringing funds from BlackRock, Hamilton Lane, Apollo and others to DeFi. This is made possible by deUSD – a fully collateralized, yield-bearing synthetic dollar powered by the Elixir Network.

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

The Network by the Numbers

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.

Introducing Era 4 of the Elixir Apothecary

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.

Era 4 of the Elixir Apothecary Summary:

• 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

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

Tokenomics

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.

Emissions and Vesting

The following table outlines ELX token allocations and their emission / vesting schedules:

The Initial ELX Airdrop

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.

Network Stability Phase

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

Genesis set participating validators:

1. Anchorage - https://x.com/Anchorage

2. Blockdaemon - https://x.com/BlockdaemonHQ

3. Securitize - https://x.com/Securitize

4. OKX Earn - https://x.com/okx

5. Luganodes - https://x.com/luganodes

6. P2P - https://x.com/P2Pvalidator

7. Republic Crypto - https://x.com/RepublicCrypto

8. ValiDAO - https://x.com/validaoxyz

9. Brightlystake - https://x.com/brightlystake

10. Kingnodes - https://x.com/kingnodes

11. RhinoStake - https://x.com/rhinostake

12. Thunderhead - https://x.com/ThunderheadLabs

13. Abracadabra - https://x.com/MIM_Spell

14. Staking4All - https://x.com/staking4all

15. Proof Group - https://www.proofgroup.xyz/

16. Artifact Staking - https://x.com/ArtifactStaking

17. Pops.one - https://x.com/POpsTeam1

18. NodesGuru - https://x.com/NodesGuru

19. RockawayX - https://x.com/Rockaway_X

20. Chainflow - https://x.com/ChainflowPOS

21. Bware Labs - https://x.com/BwareLabs

22. Stakin - https://x.com/StakinOfficial

23. QuantNode - https://x.com/quantnodetech

24. Lavender.Five Nodes - https://x.com/lavender_five

25. Imperator - https://www.imperator.co/

26. StakingCabin - https://x.com/stakingcabin

27. Bitscale - https://x.com/BitscaleCapital

28. KudasaiJP - https://x.com/kudasai_japan

29. A41 - https://x.com/a41_allforone/

30. Undefined Labs - https://x.com/0xundefined_

At public mainnet, anyone will be able to stake to their own a validator (or delegate to an existing one). Elixir will also shortly announce a Foundation Delegation Program, committing to delegate most of its voting power and staking rewards to smaller validators and creating an incentive for smaller validators to participate in consensus. Independent validators with high performance scores (factoring in uptime, latency, etc) will be prioritized to earn foundation delegation.

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 established steady ongoing functionality, as well as multiple live use cases which have received significant early product market fit. This includes both deUSD and live native integrations with five exchanges (with more slated to go live in the coming months).

The Apothecary in Review

The focus of Era 1 of Elixir’s Apothecary rewarded participants that were early liquidity providers to Elixir-powered orderbooks, directly depositing liquidity to exchanges natively integrating Elixir, such as Vertex, Bluefin, RabbitX, ApeX, and Orderly.

Elixir unlocks liquidity for orderbook exchanges and sustainably powers 20-40%+ of their total orderbook liquidity, with the most recent example as Orderly Network. The below graphic shows total TVL on Orderly, designating when the Elixir integration went live:

Era 2 targeted liquidity providers and holder for deUSD, the synthetic dollar asset powered by the Elixir Network. Within 48 hours, deUSD broke ~$120 million in liquidity and was one of the fastest growing asset pairs in Curve’s history and currently deUSD has over $150 million in TVL:

With the significant growth and initial demand in deUSD, Elixir has been focused on fostering the growth of the greater DeFi ecosystem, including supporting multi chain use cases of deUSD (e.g. serving the sole backing for Sei’s native yield-bearing stablecoin, fastUSD). This is just the beginning however, and there are numerous other significant partnerships lined up for announcement in the coming weeks.

Elixir has built a strong DeFi ecosystem around deUSD, with integrations including Morpho, EtherFi, Karak, Balancer, MIM, and other protocols on Ethereum.

The New Apothecary Rewards Era

Elixir’s ambitions are now expanding to mainnet and beyond. Similar to the Sei fastUSD partnership, there are a number of significant upcoming tier 1 ecosystem and foundation-level integrations that will proliferate deUSD across the space, as well as enabling unified liquidity for RWA assets on chain.

Elixir’s new Apothecary Era will target ecosystem participants that use or support deUSD, DeFi integrations utilizing deUSD, and native chain yield-bearing stablecoins. Participants who participated in Era 2 will receive a special OG multiplier on all potions, if they retain their snapshotted deposit within 30 days of this date.

Era 3 will give potions for active community participants, deUSD minters/holders, and orderbook pair LPs. Over the course of the next 10 months, heading up to and through our public mainnet launch, 750,000,000 potions will be distributed to users: our largest distribution of potions yet.

Starting today, deUSD stakers have now begun accruing liquid yield and earning a 2x potion boost. Curve LPs (and all other max incentivized integrations) will earn a 10x potion boost.

Current liquid APYs on deUSD are competitive:

Introducing Phase I of Elixir Network’s Mainnet

In tandem with this new rewards program we are also thrilled to announce the first phase of Elixir’s mainnet, kicking off a stability phase that will transition this mainnet phase I into full public mainnet.

This short period will be marked by the launch of Elixir’s genesis institutional validator program. Once the network is running in a stable manner, the network will launch public mainnet. At this point, the network will scale up exposure on the basis trade. Elixir will announce these genesis institutional validators on October 31st.

On this date, the network kicks off a timer to public mainnet, coinciding with the launch of ELX.

ELX will be a crucial component of the network, serving as the crypto-economic underpinning of the system. The token will ensure the integrity and functionality of Elixir’s validator network.

Learn more about the Elixir governance and utility token (ELX) here: https://docs.elixir.xyz/elx-role-in-the-elixir-ecosystem

Elixir will also announce more details surrounding an upcoming Foundation Delegation Program shortly, enabling smaller and performant validators to receive ELX foundation delegation.

We have a busy upcoming couple of weeks as we approach the phase I mainnet launch date, so be sure to stay in the loop by joining our communities and following our Twitter:

Website: https://elixir.xyz/

Twitter: https://x.com/elixir

Discord: https://discord.gg/elixirnetwork

Telegram community: @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 numerous metrics: user growth, total liquidity, orderbook integration efficacy, and its comparative market share in orderbook liquidity powered across exchanges.

User Growth

A fundamental indicator of any network's adoption and health is its userbase. Since the end of month 1 of Elixir’s native integration into Vertex, Elixir has seen a 21% MoM increase in the number of active users. Since launching the Apothecary less than 2 months ago, there are currently 101,553 unique potion holders at the time of writing.

Total Value Supplied via Elixir

Liquidity is the lifeblood of orderbook exchanges, and Elixir has shown significant growth since the launch of its trusted mainnet. The total liquidity deposited into Elixir stands at ~$200M. This significant capital (especially relative to existing decentralized orderbook exchange liquidity) underpins the network's capacity to bring significant liquidity to orderbook DEXs, bringing them closer to the efficacy of centralized exchanges.

Percentage of Orderbook Liquidity Powered

Elixir has multiplied the orderbook liquidity of the exchanges that have natively integrated the network. Every exchange that has launched their own native frontend features powered by Elixir has more than doubled their liquidity. Elixir currently powers 66% of the total orderbook liquidity on Bluefin, 56% on Vertex, and 52% on RabbitX. This metric highlights Elixir's crucial role in facilitating liquidity on powered exchanges.

The below graph shows the capital efficiency of the bids/asks quoted by the Elixir network for several pairs on Vertex:

Total Percentage of Orderbook Liquidity Across All DeFi Exchanges

After factoring in elxETH liquidity, Elixir will account for ~40% of the total liquidity across all DeFi orderbook exchanges. These elxETH deposits will be routed across all natively integrated exchanges at the launch of mainnet (and are not actively utilized at the moment). These exchanges include names such as dYdX, Orderly, Hyperliquid, and others.

Further information and upates will be provided to boost transparency with how the network is developing. Until then, users are encouraged to track network stats on the “network” and “explore” pages on our site.

Elixir will allow users to easily supply liquidity to pairs on Injective and earn rewards from Injective’s new Open Liquidity Program (OLP). 

Through OLP, liquidity providers can earn a share of 60,000 INJ tokens per epoch. Injective’s native integration of the Elixir Protocol will enable users to supply their capital to the orderbooks on Injective, deepening liquidity on the exchange while also allowing users to take advantage of the OLP rewards.

Elixir to Enable Users to Easily Supply Liquidity to Pairs and Earn Rewards

Elixir re-imagines market making via the industry’s decentralized, algorithmic market making protocol – for both centralized and decentralized exchanges.

Injective is a prime example of how decentralized orderbooks can integrate Elixir to unlock user liquidity for algorithmic market making, showcasing a simple way for anyone to supply liquidity to orderbook pairs.

Elixir also brings a familiar and easy-to-understand risk profile to liquidity providers, with a risk/return profile nearly identical to that of provisioning liquidity via x*y=k bonding curves (e.g. Uniswap V2).

Process Flow: How Users Can Earn OLP Rewards via Elixir

The process flow for users looking to deploy liquidity to a specific pair on Injective is straightforward:

1. Users can supply liquidity to pairs either via Elixir’s Injective page, or via clicking the link on the pair within the Helix front-end (directing users to supply liquidity to the pair via Elixir).** **

2. Users either deposit 50/50 of the pair assets for spot-trading pairs, or deposit stablecoin collateral for perpetual swaps.

3. Users will receive an LP token representing their position, enabling them to track the value of their INJ token rewards (claimable weekly) with each epoch. 

4. At any time, users can redeem their LP positions for either the core assets or perp collateral.

Through Elixir, users will be able to easily supply liquidity to orderbook pairs and access the rewards provided by exchanges (like Injective) that have historically been reserved for white-labeled market makers. This unlocks a new source of yield for users and enables deeper liquidity for those looking to trade on orderbooks.

The smart contracts are currently in development, and we are looking forward to releasing this native integration with Injective in the coming months.

To learn more about the integration or ask any questions, keep an eye out for our upcoming Twitter Space with the Injective team on June 28th at 10am ET.

Elixir Protocol is expanding to the Injective ecosystem. For the first time ever, users on Injective will be able to easily supply liquidity to Injective’s on-chain orderbook module. This would in turn lead to a far more capital efficient environment while also allowing for a superior trading experience on native exchanges built on Injective, enabling end-users to capture yields.

Elixir Protocol is excited to formally announce its collaboration with Injective. With this upcoming integration with Elixir, the Injective ecosystem will be able to unlock far more liquidity for algorithmic market making on its orderbook. This integration enables users to passively supply liquidity to the pair(s) of their choosing, similar to how they’d supply liquidity to a Uniswap v2 pool, while also earning designated market maker rewards.

Injective will mark the first announced integration of the Elixir Protocol into an on-chain orderbook, opening up a new source of yield for users, democratizing access to market making, and creating a better experience for users trading on DEXs native to Injective.In turn, this would bring lower slippage, tighter bid-ask spreads, and deeper liquidity across Injective’s orderbook environment.

How Elixir Will Onboard Liquidity to Injective’s On-Chain Orderbook Module

Injective uniquely deployed the industry’s first truly on-chain central limit orderbook (CLOB) orderbook. This means trading settlement and execution all occurs on-chain. Developers can utilize the orderbook to rapidly build DEXs on Injective, vastly reducing the time required to launch. As an added benefit, all DEXs built on Injective can tap into the same liquidity environment which means a trade executed on DEX A can be matched with an order on DEX B, engendering a more capital efficient environment.

Elixir Protocol aims to take Injective’s on-chain orderbook ecosystem to entirely new heights. Elixir is decentralized infrastructure enabling projects to bootstrap liquidity to their orderbooks. The Injective integration marks the first of many for Elixir.

In the coming months, users on Injective will be able to passively supply liquidity to its orderbook. After supplying 50% of an asset and 50% of it’s denominating pair, their liquidity will be algorithmically deployed on the orderbook via our decentralized infrastructure, and enable users to tap into rewards provisioned by Injective. Thereby, opening up a potential delta neutral source of yield for all users.

Much like Uniswap V2’s x*y=k mechanism for making markets on a bonding curve, the Elixir protocol utilizes an industry-standard algorithm for deploying liquidity with a primary goal of keeping the user’s initial inventory balanced.

Typical yields for sophisticated traders on the Injective orderbook range from 50–200% for providing liquidity. The distribution of these yields to a broader base of liquidity providers will create a free market, normalizing yields to a healthier level while potentially distributing rewards across thousands of community members.

In the long run, this integration can allow DEXs building on Injective to further close the gap with centralized exchange venues, by providing everyone with the same robust experience but completely on-chain.

Elixir’s Injective Integration Timeline

Elixir is currently in its public testnet v2, boasting 10,000+ validators participating in our DPoS consensus, placing orders across three exchanges.

The technical components of Elixir’s Injective integration are currently in the works, and we expect to release a first version of the integration in the coming weeks. This version will be smart contract audited and fully functional, with Elixir running the backend infrastructure in a “trusted mainnet” release of the protocol. Through the rest of the year, we will progressively decentralize the protocol, until mainnet release (enabling the full decentralization of the network).

Elixir’s Participation in Injective’s 2023 Demo Day

Elixir is proud to be presenting our native integration with Injective in their 2023 demo day. We will be running through the details of Elixir Protocol’s integration with Injective, as well as answering questions during the forum.

This is a chance for the Injective and Elixir communities to dive deeper into the integration, ask questions, and gain a better understanding of how they can use Elixir to further democratize financial access, while creating a more capital efficient environment for the Injective ecosystem.

We hope to see you all there. In the meanwhile, feel free to jump into our community channels, interact with the Elixir Protocol in testnet v2, and learn more about Elixir by reading our docs via the links below:

Docs: https://docs.elixir.finance Website: https://elixir.finance Testnet: https://dashboard.elixir.finance Discord: https://discord.gg/elixirprotocol Telegram: https://t.me/elixirprotocol