Elixir（ELX）Project Analysis
1. Research Institute Review
Elixir is a modular decentralized liquidity network designed to provide deep liquidity, tight bid-ask spreads, and higher volumes to decentralized order book exchanges (DEXs) through a Delegated Proof of Stake (DPoS) consensus mechanism. Elixir's core functionality is to allow users to provide liquidity directly to order book pairs, earning market maker rewards, while algorithmic market mechanisms to enable liquidity support across centralized exchanges (CEX) and decentralized exchanges (DEX). The project has also launched synthetic USD $deUSD as a key component of its ecosystem, similar to Ethena's USDe, to enhance the economic efficiency and liquidity management of the network.
2. Recent Development
$ELX TGE
3. Project Introduction
Elixir is a modular decentralized liquidity network of tokens on eth chain.
4. Token Utility
$ELX is native to the Elixir ecosystem and serves the following key functions:
- Governance: $ELX holders can participate in network governance by staking, proposing and voting on the future direction of the protocol, ensuring decentralized control.
- Consensus mechanism: In a DPoS system, validators and nodes pledge a certain amount of $ELX to participate in transaction validation and network security maintenance. This mechanism ensures honest behavior of verifiers through crypto-economic incentives.
- Network Security: The need to pledge $ELX enhances the security of the network, prevents malicious behavior, and provides incentives for verifiers.
5. Tokenomics
Total Supply: 1 billion $ELX.
Token Allocation:
Community Allocation (41%)
Q1 Airdrop: 8% (currently available)
Future Airdrops and Liquidity Provider (LP) Incentive: 21%
Public Cybersecurity Incentive: 12%
DAO Foundation (22%): to support ecological development and long-term operations
Investors (15%): allocated to early support organizations
Core Contributors (19%): to reward teams and technology developers
Other (3%): Possible marketing or set-aside use
6. Project Highlights
None
7. Investment Institutions
March 2024: Elixir closes a funding round led by Hack VC, Maelstrom (investment fund founded by Arthur Hayes) totaling $17 million, valuing the company at $800 million. Other participants included Amber Group and others.
2024 Series B: $8M round led by Sui Ecosystems (Mysten Labs) and Maelstrom, further solidifying its position in the decentralized finance space.
8. Community
Twitter: https://x.com/elixir
Followers: 99K
9. Special Economic Model
None
10. Future Outlook
None
Basic Information
Project Introduction:
Token Full Name: ELX
Project Name: Elixir
Project Website: https://www.elixir.xyz/
Project Documentation: None
Blockchain Explorer:
https://etherscan.io/token/0x89A8c847f41C0dfA6c8B88638bACca8a0b777Da7#balances
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3/7/2025