Deep Tide TechFlow news, the first phase of the mainnet for the modular blockchain project Elixir is now live. This phase is a brief period before the mainnet launch, initially operated by a genesis node composed of institutional validators. During this phase, the network is undergoing stability testing through pre-selected institutional validators. Soon, Elixir will announce the list of genesis validators and detailed information about the foundation's delegation plan.
In the future, after the public mainnet is launched, any user can participate in the operation of validation nodes, and eligible users can also earn ELX rewards.
According to previous news, the DeFi protocol Elixir announced the start of the Apothecary Phase 3, which will distribute 750 million potion rewards to active community participants, deUSD minters/holders, and order book LPs over the next 10 months, before the public mainnet launch. This is the largest potion distribution to date.
It is reported that Elixir Protocol is a modular decentralized staking network that allows users to directly provide liquidity to trading pairs on order book exchanges and earn market maker rewards similar to those from order book exchanges and L1/L2 blockchain rewards, helping to enhance the liquidity of decentralized order book exchanges. Previously, Elixir launched the decentralized synthetic dollar asset deUSD to challenge Ethena's USDe.
