Elixir Network is transforming decentralized liquidity management by offering a modular DPoS network designed specifically for orderbook exchanges.
By running an Elixir Liquidity Node, you contribute to the network's efficiency and liquidity depth while potentially earning rewards.
This guide will walk you through the steps to set up your Elixir Liquidity Node on RapidNode.
Sign Up on RapidNode: If you haven't already, create an account on the RapidNode Platform.
Add Credits: Go to the “Account” section and add credits to your account. These credits will be used for purchasing and maintaining your Elixir Liquidity Node.
Go to the Dashboard Page
Choose Elixir Node
Assign a Moniker Name (a unique identifier) to your node
Select Duration for which you want to run your node
Complete Purchase and check the "Active Nodes" section to monitor the status of your node’s deployment
Import Your Private Keys: You can go to the active node tab and
Access the Elixir Dashboard: After your node is deployed, click “Visit Node” to open the Elixir Dashboard.
To stake your tokens, you need a minimum of 0.01 Sepolia ETH. Claim Sepolia ETH using one of these faucets:
Mint MOCK Tokens: In the Elixir Dashboard, locate the “Mint” section and click on “Mint 1000 MOCK” to generate your MOCK tokens
Stake Your MOCK Tokens: Go to the “Stake” section in the Elixir Dashboard and stake 1000 MOCK tokens.
Once you have staked your tokens, you can delegate the tokens to your custom validator. To it by doing the following:
Click on “Custom Validator”
Enter your address given by RapidNode
Click on “Delegate”
To monitor your node’s performance, visit UptimeKuma. Click the “Monitoring” button to view your login credentials and check your node’s status.
Thank you for setting up your Elixir Node on RapidNode! You're now part of an innovative solution enhancing liquidity in the decentralized space.
If you have any questions or need further assistance, please reach out via our Discord channel or consult our FAQ section on the website
Happy Deploying!