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Elixir (ELXR)

Last updated: Aug 08, 2023

Elixir is a decentralized protocol that enables full composability for integrations by providing computationally secure, algorithmic market-making across CEXs and DEXs.

Seed Round: $2.1 Million

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Overview

Project industry	Exchanges & Wallets
Product type	Protocol
Whitepaper	Open

What is Elixir

Elixir is building the industry's decentralized, algorithmic market making protocol. The protocol algorithmically deploys supplied liquidity on the orderbooks, utilizing the orderbook equivalent of x*y=k curves to build up liquidity and tighten the bid/ask spread.

Elixir is fully composable: enabling DEXs to natively integrate Elixir into their core infrastructure to unlock retail liquidity for algorithmic market making. The protocol serves as crucial decentralized infrastructure allowing for exchanges and protocols to easily bootstrap liquidity to their books. The protocol also enables crypto projects to incentivize liquidity to their centralized exchange pairs via LP tokens.

Elixir has 20+ native integrations into the core infrastructure of leading DeFi DEXs (both CLOB and AMM exchanges), and boasts 60+ protocols that have committed to using Elixir for market making on CEXs.