Elixir has already taken the snapshot for Season 1. Now, you must decide whether to continue into Season 2 or withdraw your assets. Here’s what you need to know.
Decision Time: Continue or Withdraw?
- Option 1: Withdraw
You can withdraw your ELX ETH now but note that you will not receive any potions or points for Season 2. The Token Generation Event (TGE) for Elixir is anticipated to occur 10 weeks after their main net launch. - Option 2: Participate in Season 2
If you choose to continue, you’ll need to convert your already deposited ELX ETH to DUSD. This means locking your ETH to earn potions, which are essential for gaining airdrops.
Elixir’s Potential
Despite these methods being obvious and somewhat aggressive, Elixir has a strong funding background, indicating potential substantial rewards. For new users, this could be a lucrative opportunity. If you haven’t used Elixir and are exploring where to deposit stablecoins, Elixir could be a promising option.
Is it too late?
For early adopters, this may feel like a hurtful transition, but new users still have a chance to benefit. If I were new to this today and had spare stablecoins on Arbitrum or Soy, I’d consider parking some funds here for the attractive APY at the very least. Doing so MIGHT still get you the airdrop.