Elixir airdrop will be a huge one this year because they are an important liquidity infrastructure for a lot of decentralized exchanges. For this reason, their valuation is worth US$800 million which means the $ELX token could be very valuable! Moreover, with the Elixir Apothecary airdrop campaign, participants can also qualify for other DEX token airdrops. Here’s what you need to know.
What is Elixir?
The Elixir Network is a Modular Delegated Proof of Stake Network (DPoS Network) designed to provide a liquidity infrastructure for on-chain decentralized exchanges (DEXs). With a Mainnet set to launch in August 2024, Elixir aims to revolutionize the way users and protocols interact with liquidity. Backed by notable investors and valued at a whopping US$800 million, Elixir stands out as a crucial player in the blockchain ecosystem.
Step-by-Step Guide to Get the Elixir Airdrop:
1. Connect Your Wallet
Start by connecting your Ethereum or Sui wallet to the Elixir platform using the invite link.
2. Mint elxETH
On the Apothecary page, click MANAGE ELXETH, mint elxETH by depositing Ethereum. The minimum deposit is $100, with a 50% boost on potions earned.
3. Supply USDC
Go to the Elixir orderbook, head over to the top right then connect either your Arbitrum or Sui wallet. Choose between Bluefin and Vertex Protocol to supply USDC and earn Blue Points or VRTX tokens.
4. Explore Additional DEX Tokens
Keep an eye out for upcoming DEX tokens like Nexus and DYDX, offering rewards for supplying USDC. Explore the Elixir Platform, head over to Exchange Rewards on the left side Menu to discover more upcoming rewards.
5. Claim Rewards
After depositing your assets, track your potion score in the Apothecary page and prepare to claim your Mystic Chest rewards after the Mainnet launch in 126 days.
Another way to do the airdrop is to run a node. This will be a whole different guide but it’s very straightforward, all you have to do is follow the guide and set-up the node. The guide will be in the Documentation, click Running an Elixir v2.0 Validator or you can just click RUN A NODE in the Home page.