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Elixir

Elixir

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

OverviewStructured DataIssuesContributors

Contents

OverviewProtocolTimelineTable: Funding RoundsTable: ProductsTable: AcquisitionsTable: SBIR/STTR AwardsTable: PatentsTable: Further ResourcesReferences
elixir.finance
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Cryptocurrency
Cryptocurrency
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Decentralized Finance
Decentralized Finance
Location
Chicago
Chicago
B2X
B2C
B2C
CEO
Philip Forte
Philip Forte
3
Founder
Philip Forte
Philip Forte
3
Pitchbook URL
pitchbook.com/profiles...504091-18
Legal Name
Elixir Technologies Ltd.
Number of Employees (Ranges)
1 – 10
Email Address
info@elixir.finance
Investors
Chapter One Ventures
Chapter One Ventures
Commonwealth Capital Ventures
Commonwealth Capital Ventures
FalconX
FalconX
Arthur Hayes
Arthur Hayes
OP Crypto
OP Crypto
MH Ventures
MH Ventures
Founded Date
February 2022
5
Total Funding Amount (USD)
2,100,000
CTO
‌
Christopher Gilbert
10
Also Known As
Elixir Finance6
Elixir2
Latest Funding Type
Seed
Seed
Motto/Tagline
Bringing liquidity to the long tail of cryptoassets via the first decentralized, algorithmic market making protocol.

Other attributes

Company Operating Status
Active
Strategic Partnerships
Legends of Elysium
Legends of Elysium
9
StellaSwap
StellaSwap
4
Overview

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 transparency to users regarding 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 it can capture trading fees and market maker incentives for CLOBs to optimize the process for the user.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

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

References

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