Elixir Orderbook Liquidity — L1 Alpha you shouldn’t miss
Elixir is a DPoS consensus network that give direct access for anyone to supply liquidity to orderbooks.
Elixir has lots of integration already with several protocols. Moreover, it’s the first of its kind. Just like Abitrum security model. Elixir protocols reaches consensus for orders placed on an exchange.
Elixir use case is powerful. Now, Let’s take for instance, orderbooks for exchange isn’t completely Decentralized in a way, right ? They only feed on “read-only” credentials for orderbooks. In a short word, Elixir connect the central limit order book on exchanges.
Funding
Elixir raised $9.5 Million with a Valuation of $100 Million from huge investors and Big Players.
Elixir Validator Network
It operates off of a decentralized proof of stake system with 66% consensus required. End users delegate their stake to validators, and the top-staked validators will receive the largest portion of rewards.
Interestingly, We have seen Elixir partners with a lot of Decentralized derivative exchange and they are going mainstream. I believe this will be very huge.
A great example is Satori Exchange
Bluefin and other huge protocols are already adopting this technology. The great narratives of Decentralized Perpetual Protocols is about to hit the market real hard. This will be a bigger win for Elixir.
Vertex Launch Powered by Elixir
Vertex Protocols launch Vertex fusion there by bring Upto $10 Million liquidity. However, this is powered by Elixir.
Vertex seems to be the main focused protocol for Elixir Network.
What to expect in 2024
- Elixir to Power majority of orderbook liquidity on integrated DEXs
- Set to Launch the Elixir Apothecary
- Mainnet launch of Elixir’s DPoS network
- Continue helping exchanges deploy their native Elixir integrations
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