DeFi protocol Elixir completes $8 million Series B financing, with a valuation of $800 million

According to Crypto.news, DeFi protocol Elixir announced the completion of an $8 million Series B financing round, with a valuation reaching $800 million. Jointly led by Mysten Labs and Maelstrom, with participation from Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk and others.

Elixir allows users to provide liquidity directly to trading pairs on order book exchanges and receive market maker rewards similar to AMM. Its network supports a large amount of liquidity from exchanges such as Vertex, Bluefin, RabbitX and will integrate with platforms like dYdX and ApeX.