Yield Opportunities on Elixir: Powering Liquidity in Orderblock Exchanges
Discover how Elixir, a modular DPos network, is revolutionizing liquidity provision in Orderblock exchanges. Learn about the Apothecary campaign and potential yield opportunities for LPs and traders.
What is Elixir?
Elixir is a modular Delegated Proof of Stake (DPos) network designed to enhance liquidity in Orderblock exchanges. As a crucial underlying infrastructure, Elixir enables exchanges and protocols to easily bootstrap liquidity to their order books. The platform benefits both Liquidity Providers (LPs) and traders by offering rewards through incentivized programs and tighter bid-ask spreads, respectively.
What are Orderblock exchanges?
Orderblock exchanges refer to large buy or sell transactions that occur within specific price ranges in the forex or cryptocurrency markets. These blocks are often created by institutional investors, hedge funds, or large traders, who execute significant orders that influence price movements.
Key Points:
- Institutional Trading: Typically, orderblocks represent institutional buying or selling, which can cause price shifts due to their size.
- Price Zones: Traders often identify these zones as potential areas of market support or resistance, where price may react.
- Market Strategy: Orderblocks are used in various trading strategies to predict future price movements based on where large orders have been placed.
Elixir’s Impact on DeFi Liquidity
🚀 Elixir has made significant strides in the DeFi space:
- Powered 40% of total liquidity in DeFi Orderblock exchanges (as of May)
- Partnered with sector leaders like Hyperliquid and Dydx
- Raised $17.6m at a $800m valuation from notable investors including Hack VC and Arthur Hayes
The Apothecary Campaign
In anticipation of its August mainnet launch, Elixir has initiated the Apothecary campaign. This ongoing initiative allows users to earn ‘potion’ rewards by providing liquidity across various pools. The campaign offers three strategies for participation:
- 🔒 Locking ETH on the mainnet until the network launch (50% bonus)
- 💼 Depositing on the Orderly Quantum program to earn ‘deeds’
- 🗣️ Being active on the Discord community
Factsheet
| Name | Elixir |
|---|---|
| Yield | Varies (rewards through incentivized programs) |
| Sector | DeFi, Liquidity Provision |
| Chains | Ethereum (ETH) |
Yield Steps:
- Choose a participation strategy in the Apothecary campaign
- For ETH locking:
- Lock ETH on the mainnet until August network launch
- Receive a 50% bonus on rewards
- For Orderly Quantum program:
- Deposit funds to earn ‘deeds’ powered by Elixir
- For Discord participation:
- Actively engage in the Elixir Discord community
- Provide liquidity across available pools to earn ‘potion’ rewards
- Wait for the mainnet launch in August for potential additional benefits
The Future of Decentralized Liquidity
Elixir’s innovative approach to liquidity provision addresses a critical gap in the decentralized exchange ecosystem. By offering a solution that benefits both LPs and traders, Elixir has the potential to significantly boost the competitiveness of decentralized Orderblock exchanges against their centralized counterparts. As the platform moves towards its mainnet launch, it presents an intriguing opportunity for those looking to participate in the evolving landscape of DeFi liquidity.