Elixir ($ELX) is a modular Delegated Proof of Stake (DPoS) community designed to reinforce liquidity on orderbook exchanges by enabling cross-chain and composable integrations into the core infrastructure of main DEXs. They’ve Elixir already taken the Season 1 snapshot of Apothecary holders. So, when you participated in Season 1, you could possibly commit your elxETH and unlock the potential to earn extra rewards. Nevertheless, Season 2 Apocathary is simply across the nook! Right here is our Elixir ($ELX) token airdrop information.
Try our step-by-step information!
What’s Elixir ($ELX)?
Elixir ($ELX) is a modular DPoS community designed to energy liquidity on orderbook exchanges. Listed here are a few of Elixir’s important options:
- Native Integrations: It has over 30 native integrations with main DEXs, making it a vital infrastructure element for these platforms.
- Modular DPoS Community: Elixir is a modular DPoS community designed to reinforce liquidity on orderbook exchanges.
- Cross-Chain and Composable: It helps cross-chain performance and might be built-in into the core infrastructure of decentralized exchanges (DEXs).
- Liquidity Bootstrapping: Elixir helps exchanges and protocols simply bootstrap liquidity to their order books.
What’s the Elixir ($ELX) token?
The Elixir ($ELX) token is the native utility and governance token of the Elixir ecosystem, important for community safety and community-led governance. Listed here are its important makes use of:
- Governance: ELX holders can suggest and vote on community proposals.
- Safety: Validators should stake ELX tokens to take care of community integrity.
- Decentralization: ELX drives the platform’s objective of being decentralized and permissionless.
- Price Management: Publish-mainnet, ELX holders will handle community charges and worth distribution.
The best way to get the Elixir ($ELX) token airdrop
Time wanted: quarter-hour
Here’s a information on methods to get Season 2 Apothecary for the potential Elixir ($ELX) token airdrop
- Non-compulsory: Verify Elixir Season 1 Apothecary
Join your pockets to Elixir Apothcary. Be sure to are on the Ethereum community and signal the transaction. Verify your elxETH steadiness.
- Non-compulsory: Withdraw elxETH
You may select to withdraw your elxETH steadiness. Notice nonetheless you’ll not obtain any Factors for rewards for Season 2 Apothecary when you accomplish that.
- Non-compulsory: Stake elxETH steadiness
You may take part in Season 2 Apothecary by committing your deposited elxETH by changing it to deUSD. Then, enter the quantity of deUSD you want to stake and click on “Stake deUSD”. Notice you will want to stake your tokens for 10 weeks till the top of Season 2.
- Newcomers: Purchase and stake deUSD
When you would not have any elxETH to transform. to deUSD, click on “BUY DEUSD”. You’ll then be directed to Curve.fi. There, it is possible for you to to swap some deUSD. Afterwards, enter the quantity of deUSD you want to stake and click on “Stake deUSD”. Notice you will want to stake your tokens for 10 weeks till the top of Season 2.
