TechFlow reports that the first phase of Elixir, a modular blockchain project, has now launched. This phase serves as a brief prelude to the mainnet launch and will initially be operated by genesis nodes composed of institutional validators. During this stage, the network will undergo stability testing through pre-selected institutional validators. Elixir will soon release details regarding the list of genesis validators and its foundation delegation program.
Once the public mainnet launches, any user will be able to participate in running validator nodes, with eligible participants receiving ELX rewards.
Previously, DeFi protocol Elixir announced the start of Apothecary Phase Three, which will distribute 750 million Potion (POT) rewards over the next 10 months—before the public mainnet launch—to active community participants, deUSD minter/holders, and order book liquidity providers (LPs), marking the largest Potion distribution to date.
Elixir Protocol is a modular decentralized staking network that enables users to directly provide liquidity to trading pairs on order book exchanges and earn market maker rewards comparable to those offered by order book exchanges and L1/L2 blockchains, thereby enhancing liquidity for decentralized order book exchanges. Earlier, Elixir launched deUSD, a decentralized synthetic U.S. dollar asset, positioning it as a competitor to Ethena's USDe.
