TechFlow reports that DeFi protocol Elixir has announced the launch of Apothecary Phase 3, which will distribute 750 million Potion rewards over the next 10 months prior to the public mainnet launch. This marks the largest Potion distribution to date and targets active community participants, deUSD minter/holders, and order book LPs. deUSD stakers now begin accruing liquid rewards and receive a 2x boost in Potion rewards, while Curve LPs will enjoy a 10x Potion reward boost.
Additionally, Elixir announced it will launch Phase 1 of its mainnet on October 31. This initial phase serves as a brief prelude to the full mainnet rollout, marking Elixir's transition toward full decentralization. On this day, Elixir will initiate its Founding Institutions Validator Program, activate the countdown timer for the public mainnet release, and introduce the ELX token as the native utility and governance token for the Elixir ecosystem.
Elixir Protocol is a modular decentralized staking network enabling users to directly provide liquidity to trading pairs on order book exchanges while earning market-making rewards similar to those in AMMs, thereby enhancing liquidity for decentralized order book exchanges. Previously, Elixir launched deUSD, a decentralized synthetic dollar asset, positioning it as a competitor to Ethena's USDe.
