Elixir ($ELX) is a modular Delegated Proof of Stake (DPoS) network designed to enhance liquidity on orderbook exchanges by enabling cross-chain and composable integrations into the core infrastructure of leading DEXs. They have Elixir already taken the Season 1 snapshot of Apothecary holders. So, if you participated in Season 1, you could commit your elxETH and unlock the potential to earn more rewards. However, Season 2 Apocathary is just around the corner! Here is our Elixir ($ELX) token airdrop guide.
Check out our step-by-step guide!
What is Elixir ($ELX)?
Elixir ($ELX) is a modular DPoS network designed to power liquidity on orderbook exchanges. Here are some of Elixir’s main features:
Native Integrations: It has over 30 native integrations with leading DEXs, making it a crucial infrastructure component for these platforms.
Modular DPoS Network: Elixir is a modular DPoS network designed to enhance liquidity on orderbook exchanges.
Cross-Chain and Composable: It supports cross-chain functionality and can be integrated into the core infrastructure of decentralized exchanges (DEXs).
Liquidity Bootstrapping: Elixir helps exchanges and protocols easily bootstrap liquidity to their order books.
What is the Elixir ($ELX) token?
The Elixir ($ELX) token is the native utility and governance token of the Elixir ecosystem, essential for network security and community-led governance. Here are its main uses:
Governance: ELX holders can propose and vote on network proposals.
Security: Validators must stake ELX tokens to maintain network integrity.
Decentralization: ELX drives the platform’s goal of being decentralized and permissionless.
Fee Control: Post-mainnet, ELX holders will manage network fees and value distribution.
How to get the Elixir ($ELX) token airdrop
Time needed: 15 minutes
Here is a guide on how to get Season 2 Apothecary for the potential Elixir ($ELX) token airdrop
Optional: Check Elixir Season 1 Apothecary
Connect your wallet to Elixir Apothcary. Make sure you are on the Ethereum network and sign the transaction. Check your elxETH balance.
Optional: Withdraw elxETH
You can choose to withdraw your elxETH balance. Note however you will not receive any Points for rewards for Season 2 Apothecary if you do so.
Optional: Stake elxETH balance
You can participate in Season 2 Apothecary by committing your deposited elxETH by converting it to deUSD. Then, enter the amount of deUSD you wish to stake and click “Stake deUSD”. Note you will need to stake your tokens for 10 weeks until the end of Season 2.
Newcomers: Buy and stake deUSD
If you do not have any elxETH to convert. to deUSD, click “BUY DEUSD”. You will then be directed to Curve.fi. There, you will be able to swap some deUSD. Afterwards, enter the amount of deUSD you wish to stake and click “Stake deUSD”. Note you will need to stake your tokens for 10 weeks until the end of Season 2.
