Liquidity has been a major point for decentralized exchange order books (DEXs) from day one. Centralized market makers kind of goes against the entire purpose of DeFi, doesn't it? Which is exactly why I caught wind of Elixir.
Instead of depending on large players, Elixir enables you to supply liquidity directly into book orders. Elixir also brings you deUSD, a yielding synthetic dollar collateralized by assets like stETH and MakerDAO's USDS T-Bill protocol—so you can stay in DeFi without changing asset exposure.
It runs on Delegated Proof of Stake (DPoS) with validators staking ELX to lock in on the network. With ELX now live on Bitget, with the introduction of some incentives like Launchpool to kick things off.
I amreally interested in it, could this be a DEX liquidity killer or just another DeFi experiment? Would love to hear what you have to say.