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.
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