Key Takeaways
- Elixir aims to be a cross-chain liquidity protocol, aggregating liquidity from various DeFi systems into one pool.
- Elixir’s mainnet release is expected in August 2024.
- There is an ongoing airdrop program for ELX tokens. Users can participate by depositing funds on the Ethereum mainnet or Elixir-powered products on other networks.
What Is Elixir Network?
Elixir Network is a blockchain project aiming to improve liquidity across order book exchanges.
Here’s a breakdown of the project’s features:
- Liquidity Provider Focused – Elixir Network is designed to benefit users who provide liquidity to cryptocurrency exchanges.
- Exchange Trustless Products – Elixir allows exchanges to build trustless products that enhance their liquidity offerings.
In simpler terms, the project’s goal is to take liquidity from different systems, combine it, and create a seamless integrated liquidity pool that different decentralized exchanges can access.
How To Qualify For An Airdrop?
It is confirmed that a token (ticker symbol: $ELX) will be issued for the airdrop. The platform currently has a point system where users can earn a “Potion” score, which will eventually be converted into $ELX. Regarding when the token will launch, their mainnet is planned to be launched in August 2024.
To qualify:
👉 STEP 1: Head over to https://www.elixir.xyz/.
👉 STEP 2: Deposit a minimum of $100 worth of ETH on the Ethereum mainnet OR to an Elixir-powered product on an exchange.
Most users would choose the latter to avoid high transaction fees on the Ethereum network.
👉 STEP 3: Connect to your Twitter & Discord account.
👉 STEP 4: Mint elxETH.
The minimum deposit to start earning Potions is $100. The more that you deposit, the more that you earn.
👉 STEP 5: Head over to https://agg.elixir.xyz/ and supply a liquidity pool.
Note: Once you have supplied a liquidity pool, your Potion score will increase over time. However, you have to wait 48 hours to see your score ticking up.
Final Thoughts
Do note that not that many people are actually farming this airdrop. Therefore, it is a solid opportunity right now. Just under 56,000 wallets have signed up for their campaign, but most wallets have not added any total-value locked (TVL) or earned any Potion scores. With a small capital, getting into the top few thousand users is easily possible.
That’s about it for this airdrop guide! If you have any questions, please do not hesitate to contact us on our official social media channels. Good luck!
Want to discover upcoming crypto airdrops? You can dig in on Sharedum Airdrop and participate in it to earn rewards.
