Liquidity is one of the biggest issues in decentralized finance. We have many projects claiming solutions but we still see fragmented liquidity, inefficient trading and high fees. Elixir (ELX) is attempting to solve this, but does it actually solve the problem? I will appreciate some comments from people well established in DeFi and liquidity management.
Elixir is designed to enhance liquidity on DEXs by connecting to more than 30 platforms. It also features deUSD, a synthetically fully backed dollar, and has a Delegated Proof of Stake (DPoS) model for security. ELX token holders can even contribute to governance decisions.
With it native token ELX now listed on major exchanges, the people eligible for the airdrop can deposit their tokens on Bitget without paying any gas fees and take part in the PoolX event to gain more ELX.
But here is my question. Does Elixir have what it takes to truly fix DeFi’s liquidity issues, or is this just another attempt that won’t scale? Would love to hear insights from those experienced in liquidity infrastructure and decentralized trading.