Description
Elixir Protocol is a dynamic web3 platform dedicated to streamlining the creation of decentralized financial applications. It offers a comprehensive suite of tools for developers to build DeFi projects, emphasizing liquidity mining, yield farming, and automated market making. Launched in February 2022, Elixir enhances DeFi innovation by providing secure, scalable, and user-friendly solutions. The ecosystem includes Elixir deUSD (DEUSD) and Staked deUSD (sdeUSD), stable and yield-bearing digital currencies, respectively, used as collateral for order book exchanges, facilitating integration of institutional assets into DeFi. Supported by over $10 million in funding and a valuation of $100 million, Elixir's protocol, combined with its network, boosts crypto asset liquidity via decentralized, algorithmic market-making. Operated by a team mainly in NYC, Elixir positions itself as a key player in enhancing liquidity and opportunities in DeFi markets.
Elixir Protocol is a dynamic web3 platform dedicated to streamlining the creation of decentralized financial applications. It offers a comprehensive suite of tools for developers to build DeFi projects, emphasizing liquidity mining, yield farming, and automated market making. Launched in February 2022, Elixir enhances DeFi innovation by providing secure, scalable, and user-friendly solutions. The ecosystem includes Elixir deUSD (DEUSD) and Staked deUSD (sdeUSD), stable and yield-bearing digital currencies, respectively, used as collateral for order book exchanges, facilitating integration of institutional assets into DeFi. Supported by over $10 million in funding and a valuation of $100 million, Elixir's protocol, combined with its network, boosts crypto asset liquidity via decentralized, algorithmic market-making. Operated by a team mainly in NYC, Elixir positions itself as a key player in enhancing liquidity and opportunities in DeFi markets.
