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Elixir is a decentralized liquidity network and market maker powered by a DPoS consensus mechanism. It enables orderbooks to acquire liquidity from its protocol by integrating the Elixir network into their dApps while offering new yield opportunities to users. The Elixir network is powered by the native $ELX token, which is a key component of the protocol’s DPoS consensus and governance layer.
On March 13th, 2024, the Elixir crypto company closed an $8M Series B funding round at the $800M valuation led by Mysten Labs and Maelstrom, with participation from Arthur Hayes, GSR, and other funds.