Elixir is a modular Delegated Proof of Stake (DPoS) network designed to enhance orderbook liquidity by enabling users to deploy liquidity across various trading pairs and exchanges. This decentralized infrastructure, supported by 10,000 global validators, eliminates reliance on centralized firms, providing a trustless environment for organic yield generation and increased orderbook depth.
Funding
$17.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MLFounders
Product
Problem
Centralized exchanges often rely on market makers, which introduces a single point of failure and a lack of transparency in liquidity provision. This reliance can lead to manipulation, reduced capital efficiency, and limited access to deep liquidity for various trading pairs.
Solution
Elixir is a modular Delegated Proof of Stake (DPoS) network designed to decentralize orderbook liquidity across various cryptocurrency exchanges. The network enables users to deploy liquidity across different trading pairs and exchanges, fostering a trustless environment for organic yield generation. By leveraging a distributed network of validators, Elixir eliminates the need for centralized intermediaries, enhancing capital efficiency and increasing orderbook depth. This approach allows exchanges to tap into a new source of liquidity, promoting innovation and reducing reliance on traditional market-making firms.
Target Audience
The primary target audience includes cryptocurrency exchanges seeking to enhance liquidity, retail users looking to supply liquidity and earn yield, and developers building on-chain trading applications.
Features
- Modular DPoS network architecture for decentralized liquidity provision
- Support for deploying liquidity across multiple trading pairs and exchanges
- Trustless environment for organic yield generation
- Network of global validators ensuring security and reliability
- Integration with exchanges such as Vertex, Orderly, and dYdX
- High transaction throughput with fast block times