Elixir is excited to announce the newest member of its ecosystem: RabbitX
Elixir is natively integrating with RabbitX – one of the leading perpetual exchanges in DeFi built on Starknet – to unlock retail liquidity for algorithmic market making on its exchange.
Through this upcoming integration with Elixir, RabbitX will be able to unlock far more liquidity for algorithmic market making on its orderbook DEX. This integration enables users to supply liquidity to pair(s) of their choosing directly on RabbitX’s interface (with a nearly identical risk profile of Uniswap’s x*y=k), while earning liquidity rewards though the exchange’s lucrative liquidity incentive program.
Elixir is the future of orderbook liquidity, allowing users to supply liquidity to pairs while opening up a new source of yield. Elixir lets users LP on RabbitX’s orderbook DEX while also creating a better experience for its traders. This collaboration will bring tighter bid-ask spreads and deeper liquidity to RabbitX.
RabbitX offers users a one-of-a-kind decentralized derivatives exchange that boasts features including front-running protection, support for thousands of orders per second, zero gas fees, and up to 20x leverage.
In the coming few months, RabbitX users will be able to one-click supply liquidity directly to its orderbook. After supplying collateral to a pair, users’ liquidity will be algorithmically deployed on the orderbook via the Elixir Protocol’s decentralized infrastructure, and enable users to earn subsidized APYs by RabbitX.
The Elixir Protocol uses an orderbook equivalent of Uniswap v2’s x*y=k curves to make markets, bringing a familiar risk/return tradeoff to Elixir LPs.
Typical yields for market makers on RabbitX range anywhere from 300%–600%+ for providing liquidity. RabbitX will democratize access to these rewards, generating real yield to users and distributing rewards across thousands of participants. RabbitX is narrowing the gap between decentralized and centralized exchanges, and the Elixir integration will bring it to a new level.
This integration is slated to go live in the coming few months. Feel free to join our community channels to follow along for more updates:
Docs: https://docs.elixir.finance
Website: https://elixir.finance
Testnet: https://dashboard.elixir.finance
Discord: https://discord.gg/elixirprotocol
Telegram: https://t.me/elixirprotocol