Elixir Airdrop Guide

Elixir aims to create a cross-chain liquidity pool by aggregating liquidity from various sources, making it accessible for decentralized exchanges (DEXes) like hyper liquid, dydx, and 30 others. The airdrop revolves around the $ELX token, with participants able to earn points that will later convert to the token. The mainnet launch is anticipated in August 2024, indicating a timely opportunity for interested participants. The project, valued at over $800 million and supported by under 56,000 wallets, presents a solid opportunity, especially since not many are actively farming the airdrop.

How to Join Elixir Airdrop:

.
Visit Website & Deposit
First visit the Elixir Website and connect either your Ethereum or SUI wallet. To start, you can contribute by depositing a minimum of $100 worth of ETH on the Ethereum mainnet or $100 or more of USDC to an Elixir-powered product on supported exchanges. Considering the high gas fees on Ethereum, alternative networks like Sui offer a more cost-effective route.
.
Select a Liquidity Pool
Navigate through the Elixir interface to choose a suitable liquidity pool for depositing your USDC. Pools on the Sui network, for example, might offer an attractive APR and the added benefit of potential Sui ecosystem airdrops.
.
Supply to the Selected Pool
Follow the prompts to supply your chosen amount to the liquidity pool. This action begins your journey in farming the Elixir airdrop.
.
Monitor Your Potion Score
After depositing, your potion score, which determines your eligibility and potential rewards from the airdrop, will start increasing. Note that it takes 48 hours for the score to reflect your activities. It is important to occasionally check your positions to avoid Impermanent loss, I recommend checking once a week and setting a notification in the airdrop tracker.
Need some help? simply watch the step-by-step video below or join our discord.

Join Airdrop

Additional Details and Considerations

Documentation and Research: Before engaging, review Elixir’s documentation to fully understand the project and the airdrop mechanism.
Risks Involved: Participating involves risks such as smart contract vulnerabilities and impermanent loss from liquidity provision. However, the potential airdrop rewards aim to outweigh these risks.
Transaction Fees and Impermanent Loss: Be mindful of transaction fees, especially on networks like Ethereum. Choosing alternative networks like Sui for transactions can mitigate these costs. Understand impermanent loss risks when providing liquidity.