Elixir Cultist
@elixirintern
Followers
999
Following
309
Media
108
Statuses
316
there is no cult around @elixir , but if there was one, i'd be leading it
Joined April 2011
Don't wanna be here?
Send us removal request.
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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 🧵
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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 🧵⬇️
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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 🧵👇
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when I make it in crypto, and get out of the basement
@cole0x
come lounge with the cultists:
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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.
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🧵 here’s everything you need to know about how
@elixir
's modular architecture is built to shape the future of on-chain orderbook liquidity:
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Can I interest you in some elxETH and how to earn potions?
🧵👇
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shouting out top cult artists
@Chelsea_UpNorth
@UncleF27
@yetamow
give these chads and chadettes a folllow
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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 🧵👇
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The cult's creations 🔮
the cult is has been cookin on TG, come into the kitchen👇
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proof that
@0xPhilip
has a flexible spine with a nice forehead 🥹
video credits:
@PharmacyCat
🫶
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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.
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beeeeeeeg moneyy
Participate in Elixir's Bug Bounty Program and help secure the network
Earn up to $250K for identifying vulnerabilities
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.
@elixir
rocked a killer Twitter Space with the
@OrderlyNetwork
team last week
here's the TL;DR ⬇️
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I’m still counting this beeg number
$300,000,000+ in deposits are earning potions in the Apothecary ⚗️
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･ ｡
∴｡
･ﾟ*｡.
･ *ﾟ
･ ﾟ*
･｡ *･｡
*.｡
modular liquidity
｡ °*.
ﾟ*.
｡｡ ･
｡ ･ﾟ
｡°*.
｡*･｡
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“Bro what is Elixir”
Sit down anon, here is the explanation a 5 year old could understand
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Elixir is the future of onchain orderbook liquidity
$300m+ in orderbook TVL, billions in volume — all secured by a global validator set
Elixir’s network is the future of onchain orderbook liquidity
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Potioooooons 🧪🧪🧪
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:
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bozo my boy
To stay in the loop with upcoming rituals, join the Elixir Discord server and keep an eye on the "Rituals" channel
Bozo is watching all contributions very closely 👀
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using this model, Elixir deploys liquidity on both sides of the orderbook and prevents the maker from having a large imbalance if the asset’s price shifts in one direction
with this, Elixir creates a new primitive, allowing anyone to easily supply liquidity to the orderbook
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Elixir integrated orderbooks come with custom rewards programs because LPs deserve a little extra love
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WOULD SELL MY SOUL TO THE CULT DEVIL TO DRINK SOME MORE POTION
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the formula includes the current market price, desired asset quantity, volatility, closing time, and more...
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THERE IS NO OFFICIAL ELIXIR TOKEN CURRENTLY
Someone launched a fake Elixir token on Solana that is trending. It’s fake. Do not buy it
There is no official Elixir token currently
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It's not a cult but if there was one, you know who would be leading it
@elixir
is not a cult
It’s more than cult and it’s not to let to become a part of it
@PharmacyCat
@cole0x
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basic market making sets buy and sell orders at equal distances from the market price
this works well when prices are stable but can mess up your inventory (asset quantity) when prices move a lot
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reward incentives are distributed based on each cult participant's (aka non-cult member's) stake and engagement level, ensuring that everyone's interests align with the network's overall health and efficiency.
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.
@elixir
already powers over 50% of all decentralized orderbook liquidity on
@vertex_protocol
,
@orderlynetwork
,
@rabbitx_io
, and
@bluefin
this creates a fairer, more equitable ecosystem for all participants and makes it easier for any DEX to compete with centralized dominance
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avellaneda & stoikov calculated a formula to find the best reserve (base) price and spread
think of it like uniswap v2's x*y=k formula but for orderbooks
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not a cult
hi guys dropping an irl art. I hope this takes everyones notice.
@elixir
@cole0x
@0xgilbert
@0xPhilip
@cairoeth
@shaunkhundker
@PharmacyCat
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Disclaimer:
this thread is for informational purposes only and not financial advice
always do your own research
also not a cult😉.........
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the above formula helps the network determine how far the current inventory is from the target
based on this, it adjusts bids (buy) and asks (sell) (with bids closer to the market price and asks farther away, or the other way around)
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supporting the incentive system
the network uses DPoS to establish a robust incentive structure within the ecosystem, where stakeholders are encouraged to participate actively and contribute to the network.
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How I became a cult member and why I love it.
I became a cult member in 2023 when I met Philip Forte in person and truly believed he was the next Satoshi Nakamoto. I was convinced that his potion brewing skills were unrivaled and that he could alchemize anything to gold
I n...
How I became a cult member and how I got out
I became a cult member in 2017 when I met Craig Wight in person and truly believed he was Satoshi Nakamoto.
I was convinced he was Satoshi because Gavin Andresen, Jon Matonis and Ian Grigg, people I respected, had claimed to verify
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DPoS for security
delegates are chosen based on their reliability and expertise in Elixir, so only the most dedicated and proficient cult nodes oversee the network.
the top validators reduce risks and ensure the network's integrity and operation.
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.
@elixir
aims to power the majority of all liquidity, making it the backbone of DeFi
with modular infrastructure for plug-in integrations, elixir seamlessly enhances DEX liquidity and ensures that the market value is redirected back to users
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knock knock
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on the flip side, decentralized exchanges offer a trustless, permissionless alternative. they empower users with control over their assets but often struggle with liquidity and higher slippage
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CEX's currently handle the majority of all crypto trading volume, creating single points of failure and undermining the decentralized ethos of crypto
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data shows that DEXs still capture a smaller share of the market compared to CEXs spot trade volume
however, this is steadily increasing as more users seek decentralized solutions
source
@TheBlock__
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elxETH is a native yield-generating token, collateralized 1:1 by ETH.
after mainnet launch, elxETH will serve as an omnichain LP token to enhance orderbook liquidity on leading exchanges supported by Elixir, including Vertex, dYdX, rabbitX, and others.
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what is Delta-Neutral?
Delta: It's like a mood ring for your assets, showing how they react to market swings
go delta-neutral, and your portfolio basically shrugs off the drama
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Decentralized liquidity ✅
More listings ✅
New yield source for users ✅
Welcome to the (not) cult
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screw TradFi and their middlemen fees!
delta-neutral on the blockchain means radical transparency and pure yield farming
It's your money, your rules, and your gains
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funding rates: your organic yield source
perpetual futures contracts never expire, so funding rates keep their prices aligned with the underlying asset
- positive funding rate? longs pay shorts
- negative funding rate? shorts pay longs
this is where the yield party starts
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anyways started digging a tunnel out of Cole's basement
wish luck, intern out 🫡
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spot a price difference between the perp and the asset? Boom, opportunity
- perp too high? short it, long the asset
- perp too low? do the opposite
prices eventually kiss and make up, and you pocket the funding rate difference
are you with me so far?
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RABBITX HAS BEEN DIPPED.
/start: Feb. 6, 16:00 utc
Starting tomorrow
@RabbitX_io
's orderbooks will be turbocharged by Elixir’s network. Supply liquidity to their pairs and earn RBX rewards
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potions can be tracked in the Elixir apothecary page at .
running a validator and trading on native exchanges are alternative methods of earning potions. active validators have been monitored during both testnet v1 and v2.
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