supplying liquidity to exchanges hasn't always been straightforward
market makers (traders who provide liquidity) balance two main worries: holding too much or too little of an asset and quoting the right buy/sell prices
@elixir
tackles these issues head-on 🧵
DeFi needs rapid transaction processing and the handling of large data sets.
@elixir
tackles these challenges with its DPoS (Delegated Proof of Stake) consensus, for faster transaction speed and superior scalability.
cultic thread 🧵⬇️
gather around not-cultist fam it's time to learn about
@elixir
's transformative stablecoin — deUSD 🌐
a collateralized synthetic dollar serving as the anchor of Elixir's ecosystem 👀
a thread 🧵
centralized exchanges dominate the market with deep liquidity and user-friendly interfaces
but this centralization comes with risks like security breaches, lack of transparency and potential manipulation
a thread 🧵👇
Guys can you please not spam the chat. My mom bought me this new laptop and it gets really hot when the chat is being spammed. Now my leg is starting to hurt because it is getting so hot. Please, if you don't want me to get burned, then dont spam the chat.
in the world of DeFi (not to be mixed with deranged fiction), delta-neutral strategies have emerged as a way to generate yield with reduced risk
let's cultly explore how this works with stablecoins 🧵👇
cultists assemble! – at the heart of
@Elixir
’s deUSD is the Over Collateralization Fund (OCF) ⚙️
the gears that keep deUSD resilient and profitable even when markets turn cold
a thread 🧵
deUSD also has your back against market volatility, how? — it's called the Over-Collateralization Fund (OCF)
a safety net for your assets
deUSD is resilient ⚔️
Elixir 🤝 EtherFi
@ether_fi
liquid has launched an Elixir vault, built by
@veda_labs
. Deposits will earn 5x potions as well as 3x points
deUSD will also be added to the liquid USD vault. The EtherFi team will also be active within Elixir's upcoming DAO
hey dude, listen up, I know it's the 4th but I'm telling you, it's elixir, man. the decentralized liquidity game-changer with a funny name. gonna be the next big thing. seriously fucking awesome, so uh, yea, let's get in on this shit.
Earn Cult status with Bozo University 📚
Learn about Elixir, create content, and ascend from the lounge to the coveted Private Cult Telegram
Weekly tasks are live, join The Lounge below to begin — the Elder OG's await 🧙
Introducing the Boosted deUSD vault on
@MorphoLabs
In collaboration with
@MEVCapital
, users can now earn a 1.7x boost on Potions by supplying USDC, or a 5x boost for borrowing deUSD
Cult Morning Bozos, stay up to date with this week‘s news around Elixir as the 2nd edition is out !
🔮Elixir Analytics
🔮Elixir Governance
🔮Elixir Main News
🔮Elixir Events
🔮Ecosystem News
The Elixir community on Discord is now over 200,000 strong 👾
Join your fellow c̷u̷l̷t̷ members for poker nights,
@OhBabyGames
kart races, chess and other events 🧪
Top Elixir community members just received potions ⚗️
Ritual and Spell Round 1 winners, as well as select active community members, can now view their earned Potions on the Apothecary: