According to Wu, Delphi Digital released a report analyzing the development path of Elixir Network in the field of order book liquidity provision. Elixir Network is a decentralized order book liquidity protocol that uses a delegated proof-of-stake architecture with off-chain validators.
Elixir introduces decentralized stablecoin deUSD as a core settlement and collateral asset, and supports liquidity supply for multiple DEXs through modular design. The protocol is based on a customized version of the Avellaneda and Stoikov models to optimize inventory management, improve capital efficiency, and reduce slippage and loss rebalancing issues.