Question 1

What is Elixir Network (ELX)?

Accepted Answer

Elixir Network is a modular Delegated Proof of Stake (DPoS) blockchain designed to enhance liquidity across orderbook decentralized exchanges (DEXs). It enables users to supply liquidity to trading pairs and DEXs, earning rewards in return. The network integrates with over 30 DEXs, including Vertex, Bluefin, and RabbitX, facilitating efficient liquidity provision.

Question 2

What is Elixir Network (ELX) used for?

Accepted Answer

Elixir Network serves several functions within the decentralized finance (DeFi) ecosystem:

Liquidity Provision: Users can deploy liquidity to various trading pairs and DEXs, contributing to deeper orderbooks and improved trading experiences.

Cross-Chain Compatibility: The network operates across multiple blockchains, allowing seamless integration with diverse DeFi applications.

Synthetic Stablecoin (deUSD): Elixir introduces deUSD, a fully collateralized, yield-bearing synthetic dollar used as preferred collateral within Elixir-powered exchanges, enhancing liquidity and providing stability.

Governance and Utility Token (ELX): The ELX token functions as the native utility and governance token of the Elixir ecosystem, powering consensus and allowing holders to direct the future of the network.

Question 3

Who created Elixir Network (ELX)?

Accepted Answer

Elixir Network was founded in 2022 by Philip Forte, who serves as the Chief Executive Officer (CEO). Since its inception, the project has successfully raised over $17 million across three funding rounds, attracting investments from entities such as Mysten Labs, Maelstrom, Manifold, and others.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ELX-USD ELXUSD	kraken	AA	0.001218USD	1.16%	388,799.08ELX	38	0.001204USD	0.001228USD
2	ELX-USDT ELX_USDT	gateio	A	0.001236USDT	-1.93%	251,317.00ELX	56	0.001261USDT	0.001263USDT
3	ELX-EUR ELXEUR	kraken	AA	0.0₃9960EUR	0.00%	100,651.52ELX	2	0.0₃9960EUR	0.001046EUR
4	ELX-USDT ELX_USDT	poloniex	C	0.0₃2999USDT	0.00%	0ELX	0	0.0₃2999USDT	0.0₃2999USDT
5	ELX-USDT sELXUSDT	phemex	C	0.01010USDT	0.00%	0ELX	0	0.01010USDT	0.01010USDT