With the continuous development of decentralized finance (DeFi), liquidity issues have always been a core challenge faced by various decentralized exchanges (DEXs) and project parties. Traditional market-making models often rely on centralized liquidity providers, and the fund control ability of these institutions may affect token price fluctuations and even bring market manipulation risks. Elixir Protocol, as an innovative DeFi protocol, is trying to subvert this model and provide a more decentralized, transparent, and efficient liquidity solution.
On March 13, 2025, Elixir's native token ELX will be officially launched on The First trading platform. This move not only means that ELX will gain more market liquidity and trading opportunities, but also shows that The First trading platform highly recognizes decentralized liquidity solutions. This article will introduce the Elixir project and its token ELX in detail, and explore its technical advantages, ecosystem, market prospects, and the significance of The First platform's launch for investors.
What is Elixir?
Elixir Protocol is a decentralized protocol that focuses on optimizing DeFi liquidity, aiming to provide deep liquidity support for centralized exchanges (CEX) and decentralized exchanges (DEX). The protocol allows project parties and individual investors to directly provide liquidity to order books without relying on traditional market makers, thereby reducing costs and enhancing market transparency.
Currently, in the traditional liquidity provision model, project parties usually need to provide a certain amount of tokens to centralized market makers in exchange for liquidity supply. However, this model has significant flaws. Centralized market makers may control project tokens for a long time, even affecting their market performance. Elixir Protocol achieves a more decentralized market-making method through the decentralized network architecture of Modularization and the authorized proof of stake (DPoS) consensus mechanism, allowing liquidity providers to interact directly with exchanges without the intervention of third-party institutions.
Elixir is currently integrated with more than 30 DEXs , covering multiple high-throughput L1 and L2 ecosystems such as Arbitrum, Blast, Sui, Sei, Starknet, Injective, etc., supporting leading trading platforms such as Vertex, RabbitX, NFTPerp, Orderly Network, dYdX, etc.
II. Elixir Operation Model
Elixir's core operating model revolves around order book liquidity optimization. Its network allows individual users, institutional investors, project parties to provide liquidity through Elixir, and ensures market depth and price stability through intelligent Incentive Mechanism.
Compared to traditional market makers, Elixir's advantage lies in:
III. The technical core of Elixir
The underlying technical architecture of Elixir Protocol includes multiple key components to ensure the stable operation of its decentralized liquidity management system.
IV. Elixir team introduction and financing information
Elixir is led by an experienced team.
Elixir has launched the ELX airdrop qualification check website on March 5th and announced the token distribution plan. The distribution plan for 1 billion ELX tokens is as follows:
Community allocation of 41%: 8% for the first quarter airdrop, 21% for future airdrops and LP incentives, 12% for public cyber security rewards, and all unlocked tokens cannot be pledged.
The foundation allocates 22% for future ecological donations and rewards.
3) Liquidity Allocation 3%: This is the share reserved for market makers and other LPs in CEX and DEX.
Early investors are allocated 15%.
Core contributors are allocated 19%.
As the core token of Elixir Network, $ELX is mainly used for staking, governance, liquidity incentives, and cyber security.
Holders can pledge $ELX to participate in the DPoS consensus mechanism, support validators to operate the network, and ensure the transparency of transaction data. At the same time, $ELX holders can participate in DAO governance, decide key issues such as protocol upgrades, economic parameter adjustments, and ecological fund management.
In terms of liquidity support, $ELX is used as a liquidity incentive for order book DEX to improve trading depth and reduce reliance on centralized market makers. In addition, Elixir adopts a long-term release mechanism to ensure the Sustainability of token distribution, and strengthens cyber security through auditing and vulnerability bounty programs.
Analysis of Elixir's Future Value
Elixir is redefining the liquidity management model of DeFi, providing a more decentralized and transparent market liquidity solution for DEX and CEX. With its deep cooperation with mainstream DEX and L2 networks , as well as the launch of innovative products such as deUSD, Elixir is expected to become the core infrastructure of decentralized liquidity markets.
The launch of ELX on The First trading platform provides investors with more trading opportunities and more efficient market services. As a trading platform focused on high-quality projects, The First will provide ELX with a stable trading environment and help promote its market liquidity growth.
For investors who focus on DeFi innovation and liquidity optimization, ELX may be a high-potential asset to watch in 2025. Head to The First trading platform now to seize the trading opportunity of ELX and participate in this DeFi liquidity revolution!
On March 13, 2025, Elixir's native token ELX will be officially launched on The First trading platform. This move not only means that ELX will gain more market liquidity and trading opportunities, but also shows that The First trading platform highly recognizes decentralized liquidity solutions. This article will introduce the Elixir project and its token ELX in detail, and explore its technical advantages, ecosystem, market prospects, and the significance of The First platform's launch for investors.
What is Elixir?
Elixir Protocol is a decentralized protocol that focuses on optimizing DeFi liquidity, aiming to provide deep liquidity support for centralized exchanges (CEX) and decentralized exchanges (DEX). The protocol allows project parties and individual investors to directly provide liquidity to order books without relying on traditional market makers, thereby reducing costs and enhancing market transparency.
Currently, in the traditional liquidity provision model, project parties usually need to provide a certain amount of tokens to centralized market makers in exchange for liquidity supply. However, this model has significant flaws. Centralized market makers may control project tokens for a long time, even affecting their market performance. Elixir Protocol achieves a more decentralized market-making method through the decentralized network architecture of Modularization and the authorized proof of stake (DPoS) consensus mechanism, allowing liquidity providers to interact directly with exchanges without the intervention of third-party institutions.
Elixir is currently integrated with more than 30 DEXs , covering multiple high-throughput L1 and L2 ecosystems such as Arbitrum, Blast, Sui, Sei, Starknet, Injective, etc., supporting leading trading platforms such as Vertex, RabbitX, NFTPerp, Orderly Network, dYdX, etc.
II. Elixir Operation Model
Elixir's core operating model revolves around order book liquidity optimization. Its network allows individual users, institutional investors, project parties to provide liquidity through Elixir, and ensures market depth and price stability through intelligent Incentive Mechanism.
Compared to traditional market makers, Elixir's advantage lies in:
- Decentralized market making : eliminates the manipulation risk of centralized market makers, allowing project parties to manage liquidity more freely, rather than handing over tokens to a single entity for control.
- Efficient liquidity management : Elixir uses the DPoS mechanism to enable validator networks to jointly determine liquidity allocation and improve market fairness.
- Reduce transaction costs : Elixir's innovative market-making mechanism saves 99% of costs, enabling project parties to obtain deeper liquidity support at a lower cost.
III. The technical core of Elixir
The underlying technical architecture of Elixir Protocol includes multiple key components to ensure the stable operation of its decentralized liquidity management system.
- Exchange Feeds : Collect and transmit market data from CEX and DEX to provide liquidity support for the order book.
- Data Aggregator (Data Aggregator) : Integrate multi-party market data to form a unified order data framework, and achieve consensus through validators.
- Validator Network (DPoS) : Elixir uses Authorized Proof of Stake (DPoS) consensus mechanism, and more than 66% consensus can execute transactions, effectively improving the security and fairness of the system.
- Relay Nodes (Relay Nodes) : responsible for trade execution and market data synchronization, ensuring the consistency of CEX and DEX order books.
- Dispute Resolution layer (Dispute Resolution) : includes auditors and controller nodes, responsible for ensuring the correct execution of market-making algorithms and punishing malicious behavior.
IV. Elixir team introduction and financing information
Elixir is led by an experienced team.
- Philip Forte (founder and CEO) : blockchain liquidity management expert, has been deeply involved in the construction of DeFi ecosystem.
- Christopher Gilbert (co-founder and CTO) : Blockchain architect, focused on decentralized transaction technology.
- Tim Wang (COO) and Cole Petersen (Head of Operations) : Experienced in both traditional finance and DeFi.
- March 2025 : Series B financing of $8 million at a valuation of $800 million, led by Sui/Mysten Labs and Maelstrom Capital.
- October 2024 : Series A financing of $7.50 million, valuation of $100 million, led by Hack VC.
- January 2023 : Seed round financing 2.10 million USD, with participation from Inception Capital and Chapter One.
Elixir has launched the ELX airdrop qualification check website on March 5th and announced the token distribution plan. The distribution plan for 1 billion ELX tokens is as follows:
Community allocation of 41%: 8% for the first quarter airdrop, 21% for future airdrops and LP incentives, 12% for public cyber security rewards, and all unlocked tokens cannot be pledged.
The foundation allocates 22% for future ecological donations and rewards.
3) Liquidity Allocation 3%: This is the share reserved for market makers and other LPs in CEX and DEX.
Early investors are allocated 15%.
Core contributors are allocated 19%.
As the core token of Elixir Network, $ELX is mainly used for staking, governance, liquidity incentives, and cyber security.
Holders can pledge $ELX to participate in the DPoS consensus mechanism, support validators to operate the network, and ensure the transparency of transaction data. At the same time, $ELX holders can participate in DAO governance, decide key issues such as protocol upgrades, economic parameter adjustments, and ecological fund management.
In terms of liquidity support, $ELX is used as a liquidity incentive for order book DEX to improve trading depth and reduce reliance on centralized market makers. In addition, Elixir adopts a long-term release mechanism to ensure the Sustainability of token distribution, and strengthens cyber security through auditing and vulnerability bounty programs.
Analysis of Elixir's Future Value
Elixir is redefining the liquidity management model of DeFi, providing a more decentralized and transparent market liquidity solution for DEX and CEX. With its deep cooperation with mainstream DEX and L2 networks , as well as the launch of innovative products such as deUSD, Elixir is expected to become the core infrastructure of decentralized liquidity markets.
The launch of ELX on The First trading platform provides investors with more trading opportunities and more efficient market services. As a trading platform focused on high-quality projects, The First will provide ELX with a stable trading environment and help promote its market liquidity growth.
For investors who focus on DeFi innovation and liquidity optimization, ELX may be a high-potential asset to watch in 2025. Head to The First trading platform now to seize the trading opportunity of ELX and participate in this DeFi liquidity revolution!