Mudrex is excited to announce the listing of Elixir (ELX) on our coins (Spot) trading platform! Users can now start trading ELX.
About ELX
Elixir (ELX) is a modular decentralized network designed to facilitate high-speed and efficient trading within the decentralized finance (DeFi) ecosystem. It enables users to supply liquidity to order book-based exchanges without relying on centralized market makers, thereby democratizing liquidity provision. A notable innovation within the Elixir ecosystem is deUSD, a fully collateralized, yield-bearing synthetic dollar backed by assets like stETH and MakerDAO’s USDS T-Bill protocol. This allows traditional financial institutions to access DeFi without altering their original asset exposure, effectively bridging institutional capital into the DeFi space. The native ELX token serves multiple functions, including governance, staking, and stake delegation, empowering token holders to participate actively in the network’s decision-making processes and security mechanisms.
Learn more about ELX here – Whitepaper | Official Website | X
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Disclaimer: Cryptocurrency trading carries significant risks and may lead to the loss of your invested capital. It is essential to thoroughly understand these risks, assess your level of experience and investment goals, and seek independent financial advice if needed. Mudrex is not liable for any losses incurred as a result of trading on our platform.
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