DeFi protocol Elixir completes $8 million Series B funding, led jointly by Mysten Labs and Maelstrom

ChainCatcher news, according to Crypto.news, the DeFi protocol Elixir announced the completion of an $8 million Series B funding round, led jointly by Mysten Labs and Maelstrom, with participation from Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, and others.

It is reported that Elixir allows users to provide liquidity directly to trading pairs on order book exchanges and earn market maker rewards similar to AMMs. Its network supports significant liquidity from exchanges such as Vertex, Bluefin, RabbitX, and will integrate with platforms like dYdX and ApeX.

Previously, Elixir completed a $7.5 million Series A funding round at a valuation of $100 million, led by Hack VC, with participation from NGC Ventures, AngelList Ventures, Bloccelerate, and angel investors from Ledger Prime, Genesis Trading, and Hudson River Trading.