Elixir is a modular Delegated Proof of Stake (DPoS) network designed to power liquidity on order book exchanges. It’s cross-chain and composable, allowing decentralized exchanges (DEXs) to natively integrate Elixir into their core infrastructure. This integration unlocks retail liquidity for various trading pairs and supports a variety of other use cases.
Elixir has raised $17.6 million from investors such as Mysten Labs and Amber Group and is set to launch its token, ELX. As part of the lead-up to this launch, Elixir has introduced a campaign called Apothecary Potions.
This campaign allows participants to earn potions by depositing assets.
As users collect potions, they may become eligible for an airdrop when the ELX token is officially launched.
Here’s a simple guide to help you claim the Elixir airdrop and maximize your rewards.
Step-by-Step Guide to Claiming the Elixir Airdrop
1. Visit the Elixir Website
- Start by going to the Elixir website.
2. Connect Your Wallet
- Link your Ethereum or Sui wallet to the Elixir platform. Make sure your wallet is compatible with the platform to avoid any issues.
3. Link Your Social Accounts
- Connect your Twitter and Discord accounts to your Elixir profile. This is essential for full participation in the campaign and unlocking additional rewards.
4. Mint ELXETH
- Click on the option to “Mint ELXETH” on the platform. By minting ELXETH, you position yourself for a 50% boost on earned potions.
- Note: Depositing at least $100 worth of ETH to mint ELXETH will allow you to unlock the Mystic Chest.
5. Unlock the Mystic Chest
- Deposit at least $100 in USDC to unlock a Mystic Chest, which can yield additional rewards. You can do this by supplying USDC to an Elixir-powered product on an exchange-listed on their site or by depositing ETH to mint ELXETH. The Mystic Chest will be accessible after the mainnet launch, scheduled for 10 weeks from now.
6. Explore Quantum Pools
- To potentially double your airdrop rewards, consider participating in Quantum Pools. By depositing USDC here, you can qualify for both the Elixir airdrop and the confirmed Orderly airdrop simultaneously. This is an excellent strategy for those looking to maximize their gains.
7. Stake deUSD for Maximum Rewards
- Elixir has introduced a synthetic dollar called deUSD. Users who stake deUSD or its LP tokens on Elixir will receive a 5x boost to their potion earnings.
- You can mint deUSD from Curve and deposit it on Elixir through the Apothecary tab or create an LP position on Curve.
- Commitment Option: If you deposit elxETH, you have the option to commit to minting deUSD with your deposited ETH when the permissionless mint/redeem goes live in December. Alternatively, you can withdraw your ETH in August.
8. Mint deUSD for a Cultist Multiplier
- If you choose to mint deUSD, you will earn a Cultist Multiplier, which provides an additional 2x boost on potions earned from ELXETH during Season 1. This can continue to give you a max 5x boost through Season 2, while those who don’t mint will continue earning potions at a 1.5x (50%) boost.
9. Participate in Additional Activities
- Engage with other projects on the Elixir platform to earn even more potions. The more you interact, the more rewards you accumulate.
- Invite friends using your unique referral link. For every friend who joins, you will earn 10% of the potions they collect, and they will receive a 10% boost on their potions.
10. Check Your Potions Regularly
- Potion balances are updated every 24 hours, so make sure to check your balance regularly to stay on top of your earnings.
Additional Information:
Season 1 and Season 2 Details
- Season 1 Snapshot: A snapshot of Season 1 potion holders has been taken. These OG participants will receive a scaled-up amount of final potions, regardless of their participation in Season 2.
- Season 2 Duration: The second season of potion farming will last for 10 weeks, with 30 million potions allocated.
Potion Distribution and Rewards
- In Season 1, a total of 20 million potions will be distributed (1 million per week).
- Season 2 has begun, with 30 million potions up for grabs over 10 weeks. The potions you earn will likely be convertible to ELX tokens when the token goes live, although this is speculative and not guaranteed.
Staying Informed
- Keep up to date with the latest news by following Elixir on social media and subscribing to their newsletter. This will help you stay informed about any changes or additional opportunities to maximize your rewards.
Conclusion
The Apothecary Potions campaign offers a unique opportunity to earn potential rewards ahead of Elixir’s ELX token launch. By following this guide and actively participating in the campaign, you can maximize your chances of receiving a portion of the airdrop. However, remember that an airdrop is not guaranteed, and your potion collection may or may not lead to ELX token rewards. Stay engaged and informed to make the most of this opportunity.
