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Elixir

Elixir

Elixir is a company that has developed a protocol for decentralized finance.

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Edits on 19 Feb, 2024
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Golden AI
edited on 19 Feb, 2024
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Strategic Partnerships
Legends of Elysium
Legends of Elysium
1
Edits on 6 Sep, 2023
"prospector:3163:3612246"
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Katrina-Kay Pettitt
edited on 6 Sep, 2023
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Infobox
Number of Employees (Ranges)
5 – 91
Number of Employees (Ranges)
1 – 4
Edits on 21 Jul, 2023
"Edit from table cell"
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Aleksander Holm
edited on 21 Jul, 2023
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Investors
MH Ventures
MH Ventures
Edits on 22 May, 2023
"prospector:2784:3216639"
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Katrina-Kay Pettitt
edited on 22 May, 2023
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Industry
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Edits on 21 Apr, 2023
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Bhupendra Solanki
edited on 21 Apr, 2023
Edits made to:
Infobox (+2/-2 properties)
Infobox
Founded Date
2022
1
Twitter URL
https://twitter.com/ElixirProtocol
Founded Date
February 2022
1
Twitter URL
https://twitter.com/ElixirProtocol/
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Bhupendra Solanki
edited on 21 Apr, 2023
Edits made to:
Infobox (+2/-1 properties)
Infobox
Location
United States
United States
Legal Name
Elixir Technologies Ltd.
Location
Chicago
Chicago
Edits on 3 Apr, 2023
"prospector:2546:2593346"
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Katrina-Kay Pettitt
edited on 3 Apr, 2023
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Infobox
Tagline
Bringing liquidity to the long tail of cryptoassets via the first decentralized, algorithmic market making protocol.
Motto
Bringing liquidity to the long tail of cryptoassets via the first decentralized, algorithmic market making protocol.
Edits on 30 Jan, 2023
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Amy Tomlinson Gayle
edited on 30 Jan, 2023
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Article (+17/-14 characters)
Article

Elixir is also the name of the company's decentralized protocol for market making across both centralized exchanges (CEX) and decentralized exchanges (DEX). The protocol is built with trustless architecture to allow for transparency to users forregarding how Elixir provisions liquidity.

...

The protocol is designed to enable projects to incentivize liquidity and algorithmic market making. Projects can source liquidity for their CEX and DEX pairs, which will result in a cost savings of 99% percent, according to Elixir. The testnet of Elixir is set to be released in early 2023 and will allow projects to permissionlessly create bonds to source liquidity.

...

Elixir also states that users will receive liquidity provider (LP) tokens when they contribute to a 50/50 pool, which can then be swapped for a native project token and a premium that is set by the project. Once the protocol comes out of stealth, users will also be able to deploy capital into pools that target on-chain central limit order books (CLOBs) and concentrated liquidity automated market makers (AMMs). The liquidity is deployed so that it can capture trading fees and market maker incentives for CLOBs to optimize the process for the user.

Edits on 27 Jan, 2023
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Jessica Karpinski
edited on 27 Jan, 2023
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Infobox (+7 properties)
Timeline (+2 events) (+76 characters)
Article (+1473 characters)
Further Resources (+1 rows) (+5 cells) (+168 characters)
Article

Elixir, also known as Elixir Protocol, is a United States-based company that has developed a decentralized finance protocol for liquidity provisioning. It was founded in February 2022 and has developed partnerships with other organizations in the industry, such as StellaSwap.

Protocol

Elixir is also the name of the company's decentralized protocol for market making across both centralized exchanges (CEX) and decentralized exchanges (DEX). The protocol is built with trustless architecture to allow for transparency to users for how Elixir provisions liquidity.

...

The protocol is designed to enable projects to incentivize liquidity and algorithmic market making. Projects can source liquidity for their CEX and DEX pairs, which will result in a cost savings of 99%, according to Elixir. The testnet of Elixir is set to be released in early 2023 and will allow projects to permissionlessly create bonds to source liquidity.

...

Elixir also states that users will receive liquidity provider (LP) tokens when they contribute to a 50/50 pool, which can then be swapped for a native project token and a premium that is set by the project. Once the protocol comes out of stealth, users will also be able to deploy capital into pools that target on-chain central limit order books (CLOBs) and concentrated liquidity automated market makers (AMMs). The liquidity is deployed so that it can capture trading fees and market maker incentives for CLOBs to optimize the process for the user.

Further Resources

Title
Author
Link
Type
Date

Elixir Attracts Investment From FalconX and Bitmex Founder

Sammy Ugay

https://blockzeit.com/elixir-attracts-investment-from-falconx-and-bitmex-founder/

Web

January 19, 2023

Infobox
CEO
Philip Forte
Philip Forte
3
Strategic Partnerships
StellaSwap
StellaSwap
4
Crunchbase URL
https://www.crunchbase.com/organization/elixir-d1d3
CTO
‌
Christopher Gilbert
10
Email Address
info@elixir.finance
Founder
Philip Forte
Philip Forte
3
Whitepaper
https://docs.elixir.finance/
Timeline

January 16, 2023

Elixir announces the release of the testnet in Q1 of 2023.

February 2022

Elixir is founded.
"Funding autocalculation"
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Golden AI
edited on 27 Jan, 2023
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Infobox (+2 properties)
Infobox
Latest Funding Type
Seed
Seed
Total Funding Amount (USD)
2,100,000
"Found on funding round"
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Golden AI
edited on 27 Jan, 2023
Edits made to:
Infobox (+5 properties)
Infobox
Investors
Chapter One Ventures
Chapter One Ventures
Commonwealth Capital Ventures
Commonwealth Capital Ventures
FalconX
FalconX
Arthur Hayes
Arthur Hayes
OP Crypto
OP Crypto
"update inverses"
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Golden AI
edited on 27 Jan, 2023
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Infobox (+1 properties)
Infobox
Funding Rounds
‌
Elixir Seed round, January 17, 2023
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Jessica Karpinski
edited on 27 Jan, 2023
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Infobox (+18 properties)
Description (+77 characters)
Article (+8 characters)
Topic thumbnail

elixir protocol Elixir

Elixir is a company that has developed a protocol for decentralized finance.

Article
Overview

Infobox
Is a
Organization
Organization
Company
Company
Industry
Cryptocurrency
Cryptocurrency
Decentralized Finance
Decentralized Finance
Official Website
https://elixir.finance/
Location
United States
United States
B2X
B2C
B2C
LinkedIn URL
https://www.linkedin.com/company/elixir-protocol/
Twitter URL
https://twitter.com/ElixirProtocol
Pitchbook URL
https://pitchbook.com/profiles/company/504091-18
Number of Employees (Ranges)
5 – 94
Founded Date
2022
3
Also Known As
Elixir1
Elixir Finance2
Tagline
Bringing liquidity to the long tail of cryptoassets via the first decentralized, algorithmic market making protocol.
Company Operating Status
Active
Discord URL
https://discord.com/invite/GeKAZFjYT3
Telegram URL
https://t.me/elixirprotocol
Edits on 17 Jan, 2023
"Created via: ResearchRequest"
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Golden AI
created this topic on 17 Jan, 2023
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Topic thumbnail

 elixir protocol

Elixir is a company that has developed a protocol for decentralized finance.

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