Elixir

What is Elixir?

Elixir is a modular network built to power liquidity on order-book exchanges. It enables DEXs to natively integrate Elixir into their infrastructure to unlock retail liquidity for pairs and more.

The network modular infrastructure is decentralized and high-throughput while utilizing the DPoS consensus mechanism. Exchange feeds hold read-only credentials for each exchange, subscribe to a single update stream, and broadcast this data to data aggregators. Data Aggregators collect data from multiple exchange fees, combine them into a data frame, sign it, and broadcast it to validators. A Decentralized Proof of Stake system is used, where at least 66% consensus is required among validators.

The project recently raised $8 million in a Series B co-led by Mysten Labs and Maelstrom to fuel the growth and Stakin has joined the testnet as a validator to support the development.

What is ELX staking?

Staking is a great way for long-term crypto investors to earn passive income on their cryptocurrency assets (such as ELX) while contributing to the network's security.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens, and you receive 5 additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking cryptocurrencies such as ELX do not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for Elixir staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

Stakin is an excellent choice for staking your Elixir(ELX) tokens, as we have a strong expertise and track record of reliable operations on this network. Stakin was an early testnet participant and continues to support after the mainnet launch.

There are several advantages when staking your ELXtokens with Stakin, such as:

• Triple AAA-rated institutional staking provider by Staking Rewards

• ISO 27001 certified staking provider

• Tracking dashboard, to easily track and generate reports for the performance of your staked assets

• Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

• RPC nodes and IBC Relayers connecting the IBC ecosystem of networks together (as a community contribution)

• Dedicated support for all your staking, unstaking, and network-related questions

• Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Elixir(ELX) Staking?

As an institutional-grade Elixir node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

• Institutional grade SLAs with 99.5%+ uptime guarantees and slashing guarantees

• Dedicated Account Manager to answer all your technical and commercial questions

• Information about potential airdrops that you may be eligible for by staking with us so that stakers can maximize your staking yield

• Custom integrations and solutions such as custom performance reporting via API or CSV with the possibility to match your backend requirements

• Whitelabel and dedicated nodes with dedicated infrastructure that can be deployed in your preferred region to fit decentralization or compliance needs

• Automated commission and reward management with clear reporting

• 24/7 monitoring and alerting with a private dashboard for dedicated and Whitelabel nodes

• Free premium access to Stakin Dashboard, which includes staking data visualization across any validator and premium historical data features (on selected networks)