Elixir (ELX)

Use Case of Elixir

Elixir is designed for decentralized finance (DeFi) at an institutional scale. It aims to provide advanced financial services and solutions that can be used by large institutions, enabling efficient and scalable DeFi operations.

Pros

Elixir offers decentralized finance (DeFi) solutions designed for institutional scale, which means it aims to handle large volumes and complex financial operations efficiently. This can provide users with access to advanced financial tools and services in a decentralized way.

Cons

There is limited publicly available detailed information about specific drawbacks or limitations of Elixir at this time.

Founders

No data is available about the founders of Elixir.

Investors in Elixir

Elixir has raised funds through multiple investment rounds, including a Series A and a Series B round in 2023 and 2024. Some of the key investors include:

• Institutional and Venture Capital Investors:
  Amber Group, Dewhales Capital, Flowdesk, Founderheads, GSR, Hack VC, NGC Ventures, AngelList Ventures, Bloccelerate, Ledger Prime, Genesis Trading.

• Lead Investors in Series B:
  Maelstrom and Mysten Labs co-led the $8 million Series B funding round in March 2024.

• Notable Institutional Backers:
  Elixir is known for bringing funds from major institutional investors such as BlackRock, Hamilton Lane, and Apollo into DeFi through its deUSD stablecoin.

• Additional Investors:
  Elixir has a total of about 30 investors backing it, including both venture capital firms and strategic partners.

For more details, visit the official website: https://elixir.finance/

Halal Status

Yes, Elixir is halal because it operates as a decentralized finance (DeFi) protocol, which focuses on transparent and permissionless financial services without involving interest or prohibited activities.