Sperax USD 價格USDs

Validator Staking and Governance: $ELX tokens are used by validators to stake and participate in governance decisions, ensuring secure and efficient liquidity transactions within the network. Native Currency – deUSD: Elixir introduces deUSD, a yield-generating stablecoin backed by assets like stETH and MakerDAO's USDS T-Bill protocol, offering a more efficient collateral option compared to traditional stablecoins.

Elixir Network (ELX) is an innovative, modular decentralized network designed to facilitate high-speed and efficient trading in the decentralized finance (DeFi) ecosystem. By enabling users to provide liquidity to order book-based exchanges without relying on centralized market makers, Elixir Network promotes a more decentralized financial landscape. This approach allows regular users, rather than just large financial institutions, to participate in liquidity provision and earn rewards. A key innovation of Elixir Network is deUSD, a fully collateralized, yield-bearing synthetic dollar. This stable digital asset bridges the gap between traditional financial institutions and DeFi, allowing institutions to engage with decentralized finance without altering their existing asset exposure. Backed by staked Ethereum (stETH) and MakerDAO’s USDS T-Bill protocol, deUSD offers a secure and efficient channel for institutional capital to enter the DeFi space. Elixir Network’s approach significantly enhances the accessibility and scalability of DeFi trading while maintaining decentralization. By reducing reliance on centralized market makers and introducing a robust synthetic dollar, $ELX positions itself as a pioneering force in decentralized liquidity infrastructure.

Elixir’s deUSD is different from traditional stablecoins. Instead of being backed by a 1:1 reserve of U.S. dollars, deUSD is supported by: ● stETH, which is used in a delta-neutral trading strategy ● MakerDAO’s USDS T-Bill protocol This structure allows deUSD to generate yield, making it a more efficient form of collateral than traditional stablecoins. It also enables institutional investors to enter DeFi without changing their existing asset exposure.

Elixir Network (ELX) is a modular decentralized network built to power high-speed and efficient trading across DeFi. It allows users to supply liquidity to order book-based exchanges without relying on centralized market makers. This means that regular users, not just big financial institutions, can provide liquidity and earn rewards while keeping the system decentralized. One of Elixir’s key innovations is deUSD, a fully collateralized, yield-bearing synthetic dollar. deUSD allows traditional financial institutions to access DeFi without changing their original asset exposure. Backed by stETH and MakerDAO’s USDS T-Bill protocol, deUSD provides a secure and efficient way to bring institutional capital into DeFi.

Elixir operates through a decentralized proof-of-stake (DPoS) consensus mechanism, where validators play a critical role in securing the network and managing liquidity. Several key components define how the ecosystem functions: Liquidity Infrastructure for Exchanges Elixir connects with both decentralized and centralized exchanges to improve liquidity for trading pairs. Many DeFi exchanges struggle to attract sufficient market-making activity, leading to poor liquidity and wider bid-ask spreads. By integrating with Elixir-powered liquidity pools, exchanges can improve trading efficiency. Users can contribute liquidity to Elixir’s network, allowing them to earn passive rewards. Retail investors who provide liquidity help build stronger order books, reducing reliance on centralized market makers. deUSD: A Synthetic Stable Asset Elixir’s native synthetic dollar, deUSD, serves as a key element in the ecosystem. Unlike traditional stablecoins that rely on fiat reserves, deUSD is collateralized by a combination of: - stETH (staked Ethereum), which is hedged through short ETH perpetual futures contracts. - MakerDAO’s USDS, a stable asset backed by U.S. Treasury bills. When funding rates become negative, deUSD’s backing shifts into MakerDAO’s T-Bill protocol, ensuring resilience during unfavorable market conditions. Institutions can mint deUSD by converting tokenized real-world assets (RWAs) into the synthetic dollar, allowing them to participate in DeFi markets without changing their asset exposure. This feature provides native composability for institutions while bringing new capital into DeFi. Validator Network and Security Elixir’s network is supported by over 30,000 validators who reach consensus on transactions and liquidity movements. The system requires a 66% consensus threshold for order execution, making it resistant to manipulation. To maintain security and transparency, Elixir incorporates a fraud-proof mechanism, where auditors monitor network activity. If validators act dishonestly, an on-chain dispute resolution process penalizes them by slashing their stake. Transition from Centralized to Decentralized Execution Initially, deUSD’s liquidity and order execution take place on centralized exchange venues using Fireblocks’ off-exchange custody. However, Elixir aims to shift towards fully decentralized execution as DeFi liquidity increases. The long-term goal is to ensure that all collateral management, hedging, and order execution occur entirely on-chain. What Is the ELX Token?