Vertex Protocol

RabbitX

On 23rd July 2024, Elixir posted a mysterious video with cash flying around ending with &#34;coming soon&#34; which excited many users. With mainnet scheduled on 15th August, could we expect ELX token sometime soon?<blockquote>— Elixir (&#64;elixir) <a href="https://twitter.com/elixir/status/1815777325272678765?ref_src&#61;twsrc%5Etfw&amp;ref&#61;blockhead.co" rel="noopener noreferrer nofollow">July 23, 2024</a>07.31.2024 <a href="https://t.co/sAYWiYPP4l?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">pic.twitter.com/sAYWiYPP4l</a></blockquote>Firstly, what is Elixir? Elixir <a href="https://www.elixir.xyz/ecosystem?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">introduces</a> liquidity to order book DEXs by acting as an infrastructure for exchanges to bootstrap liquidity to their books. Users can add liquidity by simply depositing assets in Elixir and choosing a trading pair on any of the <a href="https://docs.elixir.xyz/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">30&#43;</a> native DEXs.By depositing through Elixir&#39;s native integrations, users can earn <a href="https://docs.elixir.xyz/decentralized-exchanges/exchange-rewards?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">rewards</a> given by the exchange too. At the time of writing, the majority of order book liquidity is provided to <a href="https://bluefin.io/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">Bluefin</a>, <a href="https://vertexprotocol.com/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">Vertex</a>, <a href="https://rabbitx.io/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">RabbitX</a> and <a href="https://orderly.network/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">Orderly</a> of which both Bluefin and Orderly do not have a token.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/eda7929069be4a9094010dbf86ecbcf1.png" />Source: <a href="https://www.elixir.xyz/network" rel="noopener noreferrer nofollow">https://www.elixir.xyz/network</a>According to the <a href="https://docs.elixir.xyz/elx-role-in-the-elixir-ecosystem?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">Elixir</a>, an ELX will be launched but the timing is unclear. The governance token for the ecosystem and holders will be able to decide how fees are distributed post-mainnet.Irregardless of when ELX is launched, it will be interesting to see how Elixir will continue to provide liquidity through its infrastructure.&#34;ELX is the future native utility and governance token of the Elixir ecosystem, powering consensus and allowing for holders to direct the future of the network,&#34; Elixir explained.&#34;With the eventual launch of mainnet, Elixir will fully decentralize. While this includes a fully decentralized network, it also includes community-led governance run by the ELX holders.&#34;Users on X speculate that it could be an allocation checker or an eligibility list. However, it could also be a new exciting integration announcement, not necessarily news regarding ELX.X user <a href="https://x.com/Eagledrop69?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">&#64;Eagledrop69</a> said &#34;I can&#39;t wait for Elixir, I was in exile but I had to come back for this. I have full trust in Elixir team to deliver at the end of this month.&#34; while <a href="https://x.com/arbitrum?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">&#64;Arbitrum</a> replied to the post saying &#34;Elixir&#34;<blockquote>— Arbitrum (&#x1f499;,&#x1f9e1;) (&#64;arbitrum) <a href="https://twitter.com/arbitrum/status/1816095994603266211?ref_src&#61;twsrc%5Etfw&amp;ref&#61;blockhead.co" rel="noopener noreferrer nofollow">July 24, 2024</a> Elixir</blockquote>

Elixir Drops Mysterious Video - ELX Airdrop Soon?

Blockhead

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