DeFi protocol Elixir has raised $8 million in a Series B funding round at a valuation of $800 million, co-led by Mysten Labs and Maelstrom.

TechFlow reports, according to Crypto.news, DeFi protocol Elixir has raised $8 million in a Series B funding round at an $800 million valuation. The round was co-led by Mysten Labs and Maelstrom, with participation from Manifold, Arthur Hayes, Amber Group, GSR, and Flowdesk.

Elixir enables users to provide liquidity directly to trading pairs on orderbook-based exchanges while earning market-making rewards similar to those offered by AMMs. The network supports significant liquidity for exchanges such as Vertex, Bluefin, and RabbitX, and will integrate with platforms including dYdX and ApeX.