Elixir Network: the new big thing in powering liquidity
Elixir Network: the new big thing in powering liquidity

Elixir Network: the new big thing in powering liquidity

Elixir Network is here to revolutionize how liquidity is managed across orderbook exchanges. With a strong focus on decentralization, security, and seamless integration.

Posted by Pepe June 21, 2024

Elixir Network is here to revolutionize how liquidity is managed across orderbook exchanges. With a strong focus on decentralization, security, and seamless integration.

Hey folks, Pepe here, ready to break down the wonders of the Elixir Network!

Contents
What’s Elixir?Key FeaturesHow It WorksEconomic ModelELX TokenThe Road AheadWrapping Up

What’s Elixir?

Elixir is the new big thing in powering liquidity across orderbook exchanges. It’s a modular, cross-chain, composable network built to inject liquidity into decentralized exchanges (DEXs). Basically, it’s like the magical juice that keeps the orderbook flowing smoothly!

Key Features

  1. Modular DPoS Network:
  • Decentralized Proof of Stake (DPoS): Validators reach consensus with 66% agreement, securing the network and ensuring fair play.
  • High Throughput: Handles loads of transactions quickly and efficiently.
  • Cross-Chain Compatibility: Plays nicely with different blockchains, making integration a breeze.
  1. Core Infrastructure:
  • Validator Network: Validators execute algorithms and reach consensus, ensuring data integrity.
  • Relay Nodes: Manage trading keys and verify order proposals.
  • Dispute Resolution: Ensures fairness and resolves conflicts with auditors and controllers.
  • Fraud Proofs: Security checks to keep everything honest and accurate.
  1. Native Exchange Integrations:
  • 30+ Integrations: Elixir is embedded in many leading DEXs, helping bootstrap liquidity.
  • Retail Liquidity: Allows retail users to supply liquidity and earn rewards.

How It Works

  1. Exchange Feeds & Data Aggregator:
  • Exchange Feeds: Provide real-time data updates from exchanges.
  • Data Aggregator: Collects and signs data, broadcasting it to validators.
  1. Orderbook Connections:
  • Connects to exchange orderbooks, normalizing data for consistent representation.
  1. Market Making Strategy:
  • Avellaneda-Stoikov Algorithm: Calculates ideal reserve price and spread for optimal market making.
  • Randomness for Security: Random components in the strategy prevent gamification.

Economic Model

  • Game Ecology: 50%
  • Ecological Construction: 4%
  • Team and Consultants: 10%
  • Market and Community Rewards: 12%
  • Liquidity: 4%
  • Series A: 15%
  • Seed Round: 5%

ELX Token

  • Utility and Governance: Powers the network, enables staking, and grants governance rights.
  • Staking Requirements: Validators and nodes must stake ELX tokens, aligning incentives for honesty.
  • Governance: ELX holders can propose and vote on future developments and fee structures.

The Road Ahead

  1. 2024:
  • Feb: Release version, PvP Instance, Score Ranking Airdrop, NFT Upgrade Path.
  • Jul: Score ranking leaderboard, SWAP transactions, Kingdom gameplay reveal.
  1. 2025 and Beyond:
  • Jan: SLG Grand Map Gameplay, Kingdom Conquest Gameplay, Kingdom Equity.
  • 2026-: Goddess Gameplay Revealed, Hero Leasing, Cross-Chain NFT Trading.
A Decentralized Network built for Efficiency
A Decentralized Network built for Efficiency

Wrapping Up

Elixir Network is here to revolutionize how liquidity is managed across orderbook exchanges. With a strong focus on decentralization, security, and seamless integration, it’s set to become a cornerstone in the DeFi landscape. So, get your ELX tokens, stake them, and dive into the future of decentralized liquidity with Elixir!

Links:
https://www.elixir.xyz/
https://twitter.com/elixir
https://t.me/elixir_network
https://discord.gg/elixirnetwork
https://www.linkedin.com/company/elixir-network/