Elixir

Elixir, also known as Elixir Protocol, is a United States-based company that has developed a decentralized finance protocol for liquidity provisioning. It was founded in February 2022 and has developed partnerships with other organizations in the industry, such as StellaSwap.

Elixir is also the name of the company's decentralized protocol for market making across both centralized exchanges (CEX) and decentralized exchanges (DEX). The protocol is built with trustless architecture to allow transparency to users regarding how Elixir provisions liquidity.

The protocol is designed to enable projects to incentivize liquidity and algorithmic market making. Projects can source liquidity for their CEX and DEX pairs, which will result in a cost savings of 99 percent, according to Elixir. The testnet of Elixir is set to be released in early 2023 and will allow projects to permissionlessly create bonds to source liquidity.

Elixir also states that users will receive liquidity provider (LP) tokens when they contribute to a 50/50 pool, which can then be swapped for a native project token and a premium that is set by the project. Once the protocol comes out of stealth, users will also be able to deploy capital into pools that target on-chain central limit order books (CLOBs) and concentrated liquidity automated market makers (AMMs). The liquidity is deployed so it can capture trading fees and market maker incentives for CLOBs to optimize the process for the user.