Elixir is a decentralized protocol that ensures full compatibility for integrations, providing computationally secure, algorithmic market-making on CEX and DEX.
The protocol is a modular DPoS network created to provide liquidity on exchanges.
Elixir is part of the restaking narrative, which is in the top 3 narratives of this bull run.

More details about the hidden gems lying within the narratives of 2024 can be found in this article.

Elixir Overview

In terms of investments, the project raised $17m from major funds in late March 2024, led by Hack Capital, Maelstrom (Arthur Hayes), and many other major companies, with an $800m valuation.
Moreover, the Series B round concluded at $8m from Sui Ecosystem, and the project actively supports Arthur Hayes (a popular influencer who announced on his Twitter that his attention is shifting to altcoins, among which the Elixir project was found).
Looking at the project in CryptoRank, Elixir already has an upcoming IDO — so to participate in the giveaway, it’s definitely worth hurrying up to not miss the gem:
A bit more information about Elixir:

• The $ELX tokens will be used for block validation to create demand, as well as protocol governance.
• According to the roadmap, the project will go live on the mainnet in June-July 2024.
• The average block time in the Elixir blockchain is 0.89 seconds, 341 transactions per second, with a total of 236M transactions.
• The turnover volume in the Elixir network is $912M.
• Currently, the project is undergoing a testnet, with the main condition being to hold a node, which is successfully launched on our platform.

Everyone who purchases Elixir nodes on our platform will receive the role of “Alchemy T3” for the node, Twitter, and Discord, becoming early holders of Elixir nodes, which could mean increased airdrops in the future.
More details on how to buy project cards can be found in the article.

What actions does our platform take after purchasing Elixir nodes?

• Creation of accounts on social media (to subsequently leave a form indicating that the account held a node)
• Server purchase and installation for the node
• Validator installation and Elixir validator launch
• Request for $ELX tokens and token staking
• Registration and token delegation of $ELX
• Claiming a role in Discord

All these actions will be automatically performed by our platform script and will provide an opportunity to receive a large drop into wallets!

What other activities are there in Elixir?

Elixir has also launched a series of quests — currently, the Apothecary quest.
To participate, go to the website and sign a transaction in MetaMask,
and then link your Twitter and Discord, subscribing to Elixir channels:
After that, you’ll need to acquire elxETH tokens — to do this, you need to deposit a minimum of $100 and click “Mint,” signing the transaction:
Please note that all deposits in elxETH will have a 50% growth boost until the August mainnet launch.
Additionally, Pendle will provide a minimum of 2x acceleration for Elixir mining, and the Elixir TVL could increase by 2–3+ times!
And the more elxETH token minters there are, the less the boost to points will be — so to maximize your boost and receive a good drop, purchase Elixir nodes on the platform.
If you are actively engaging in activities manually and don’t have $100 in Ethereum Mainnet — you can click on the USDC deposit button below the mint button:
Then you will be directed to a site where you can stake your stablecoins (USDT, USDC) on Sui networks (for Sui Wallet), Arbitrum One, and Ethereum Mainnet, choosing the suitable APY:
In the Networks section, you can delegate your funds to validators:
A total of 20m points will be allocated to Elixir, and 1m points will be distributed weekly.

Also, note that the deposited ETH will be locked until the end of summer, so diversify your investments.