Elixir

What is Elixir 

Elixir is a modular proof-of-stake (DPoS) network on the Cosmos blockchain designed to support orderbook exchange liquidity on exchanges like Hyperliquid, dYdX, Vertex, and others through the distribution of a confirmed token at mainnet launch.

Elixir's cross-chain and composable features allow orderbook DEXs to seamlessly incorporate it into their core infrastructure, opening up intriguing new use-cases such as retail liquidity for trading pairs. By providing essential underlying infrastructure, the network enables exchanges and protocols to quickly add liquidity to their books. With Elixir, users can supply trade pairs on various orderbook exchanges with direct liquidity.

In line with Elixir's official documentation, the ELX token will serve as the ecosystem's native utility and governance token in the future, facilitating consensus and giving holders the ability to shape the network's course.

Over three investments rounds, they've raised $17.6 million from funds including Mysten Labs, Manifold, Arthur Hayes, and others. Currently, Elixir has a modest TVL of just $310 million, despite its FDV of ~$800 million and close ties with Monad, which has significant investments ($244 million).

Elixir Airdrop

The mainnet launch, along with the $ELX token release, is scheduled for August 2024. This means that users will be staking ETH tokens for just 3 months getting a chance of receiving an indeed significant airdrop in return! In addition, another appealing aspect is the fact that there are very few participants in the Elixir airdrop. At the moment when it is posted, a little over 30,000 wallets have deposited assets into the protocol, increasing the projected value of the airdrop per wallet.
Follow the steps described in this guide to be eligible to grab your share!