How to Claim Elixir (ELX) Token Airdrop: Step-by-Step Guide

Disclaimer

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch. Users should conduct their own research and exercise caution before investing or signing any transactions. CoinMarketCap is not responsible for any losses or damages that may result from using this information. Never invest more than you can afford to lose.

Founded in 2022 by Philip Forte, who serves as CEO, Elixir has raised over $17 million across three funding rounds, including an $8 million Series B that valued the project at $800 million.

In this comprehensive guide, we'll walk through the step-by-step process of checking eligibility and claiming the Elixir token airdrop, as well as explore ways to maximize your potential allocation if you're just getting started with the platform.

How to Check Eligibility and Claim Your Elixir Airdrop

The Elixir team has officially announced their token airdrop, making it essential for participants to understand the eligibility requirements and claiming process. Here's how to determine if you qualify and claim your ELX tokens.

Step 1: Check Your Eligibility

1. Visit the official Elixir claim portal at https://claim.elixir.xyz/
2. Connect your wallet by clicking on the "Connect Wallet" button
3. Choose the wallet you used to interact with the Elixir ecosystem (MetaMask, WalletConnect, etc.)
4. After connecting, the platform will automatically check your address against their airdrop criteria
5. The page will display whether you're eligible for the airdrop and the amount of ELX tokens allocated to your address

The eligibility determination is based on your historical participation in various Elixir ecosystem activities, including minting elxETH, providing liquidity, participating in community events, and referring other users. The specific weight assigned to each activity has been determined by the Elixir team based on the value generated for the ecosystem.

If you're eligible, the platform will display the total amount of ELX tokens you can claim. If you're not eligible, you'll receive a notification explaining your status.

Step 2: Claim Your Tokens

If you're eligible for the airdrop, the claiming process is straightforward:

1. On the eligibility confirmation page, you'll see a "Claim" button
2. Click this button to initiate the claiming process
3. Your wallet will prompt you to sign a transaction to claim your tokens
4. Confirm the transaction in your wallet and pay the associated gas fee
5. Once the transaction is confirmed on the blockchain, your ELX tokens will be transferred to your wallet

The claiming window is open for 90 days from the announcement date. It's important to claim your tokens within this period, as unclaimed tokens may be redistributed to the community treasury after the deadline.

Always verify the token contract address through official Elixir channels to avoid potential scams or fake tokens.

How to Farm ELX on Bitget Launchpool?

The Bitget Launchpool provides two separate pools for farming Elixir (ELX) tokens through BGB and DEUSD locking. The farming period runs from March 7, 2025, 10:00 UTC to March 10, 2025, 10:00 UTC.

Pool Details and Requirements

For the BGB pool:

• Total allocation: 3,549,700 ELX
• Minimum lock: 5 BGB
• Maximum lock (VIP1-VIP7): 30,000 BGB
• Maximum lock (VIP0): 5,000 BGB

For the DEUSD pool:

• Total allocation: 283,300 ELX
• Minimum lock: 5 DEUSD
• Maximum lock: 100,000 DEUSD

Farming Process

1. Singup or log in to Bitget app and complete the identity verification process

1. Access the Launchpool feature under the Bitget Earn tab

1. Find the "Elixir" farming card once the farming goes live, and click the stake button
2. Lock your BGB or DEUSD in the respective pools
3. Rewards are distributed hourly based on your locked volume
4. Example timeline: Lock at 10:46 AM → Volume confirmed at 11:00 AM → Rewards distributed at 12:00 PM

Ways to Participate in the Elixir Ecosystem

If you're just getting started with Elixir or want to increase your engagement for potential future distributions, here are the key ways to participate in the ecosystem.

Connecting to the Elixir Platform

1. Go to https://www.elixir.xyz/apothecary
2. Click "Connect Wallet" in the upper right corner
3. Choose between an Ethereum or Sui wallet connection
4. Select your preferred wallet provider
5. Complete the connection authorization process

To maximize your integration with the platform, you should also connect your social accounts:

1. Link your Twitter account by following the verification process
2. Join the Elixir Discord server using the provided link
3. Complete the verification in Discord's verify channel
4. Read and accept the community rules to gain full access

These social connections enable participation in community activities and rituals that contribute to your overall engagement score.

Mint elxETH

1. From your dashboard, select the "Mint elxETH" option
2. Deposit at least $100 worth of ETH (consider adding slightly more to account for potential price fluctuations)
3. Confirm the transaction in your wallet
4. Upon completion, you'll unlock the Mystic Chest reward

Minting elxETH demonstrates a deeper commitment to the Elixir ecosystem and historically has been weighted more heavily in terms of engagement scoring compared to other activities.

Supply Liquidity to Native Integrations

As an alternative or additional engagement method, you can provide liquidity to Elixir's native exchange integrations:

1. Navigate to the liquidity provision option in your dashboard
2. Connect your wallet to the appropriate network (e.g., Arbitrum, Optimism)
3. Select a trading pair to provide liquidity for
4. Enter the amount you wish to supply (minimum $100 equivalent)
5. Confirm the transaction in your wallet

This approach offers more flexibility than minting elxETH, as you can withdraw your liquidity at any time. Withdrawals are typically processed within 30 seconds of being queued, though the time needed for the network to withdraw from an exchange's offchain sequencer varies by exchange.

The rewards earned from these integrations contribute to your overall engagement with the platform and potentially to future distribution eligibility.

Utilize the Referral Program

Elixir's referral program offers an effective way to amplify your ecosystem participation:

1. Locate your unique referral link in the dashboard
2. Share this link with friends, community members, or through your social channels
3. When someone uses your link to join Elixir and engages with the platform, you earn 10% of their earned potions

This referral system creates a network effect that benefits both individual participants and the broader Elixir ecosystem by encouraging growth and adoption.

Engage in Social Activities and Rituals

Elixir regularly hosts "rituals"—community events and challenges that typically leverage social media participation:

1. Check the "rituals" channel in the Elixir Discord for current activities
2. Follow the instructions to complete the ritual tasks
3. Submit verification of your participation as required
4. Earn potions based on your level of engagement

These rituals often involve creating content about Elixir, participating in discussions, or engaging with official announcements. Active participation demonstrates community commitment and contributes to your overall engagement score.

Understanding the Elixir Network

Now that we've covered the airdrop claiming process and participation methods, let's explore the fundamental aspects of the Elixir Network that make it significant in the DeFi space.

Network Architecture

Elixir employs a modular infrastructure designed for decentralization and high throughput. The network architecture includes:

This sophisticated architecture enables Elixir to maintain security and efficiency while supporting the high-throughput transactions necessary for cross-exchange liquidity provision.

Native Exchange Integrations

Elixir's key innovation lies in how it addresses the challenge of liquidity bootstrapping for orderbook-based exchanges. Traditionally, these exchanges have relied on centralized market-making firms, creating a dependency that contradicts decentralization principles.

Elixir disrupts this model by enabling retail users to provide liquidity directly to orderbooks and earn rewards. With over 30 native integrations into leading DEXs, the platform allows these exchanges to build deeper liquidity pools with tighter bid-ask spreads.

This democratization of market making creates new opportunities for both exchanges and individual participants, fostering a more inclusive and competitive DeFi ecosystem.

deUSD: The Yield-Bearing Synthetic Dollar

At the center of the Elixir ecosystem is deUSD, a fully collateralized, yield-bearing synthetic dollar with several distinctive characteristics:

1. It generates native yield, capturing funding from various sources even in challenging market conditions
2. It serves as the gateway for Real World Assets (RWAs) to enter the DeFi space
3. It functions as preferred collateral across Elixir-powered exchanges

deUSD enables asset holders to access DeFi functionality without changing their original asset exposure. This bridges the gap between traditional finance and DeFi in a way that preserves the benefits of both worlds.

The advantages of deUSD over other synthetic stablecoins include enhanced decentralization through verifiable execution proofs, reduced basis exposure during negative funding environments, and widespread acceptance as collateral throughout the Elixir ecosystem.

The ELX Token Utility

The newly launched ELX token serves multiple functions within the Elixir ecosystem:

These utilities make ELX an integral component of the Elixir ecosystem rather than merely a speculative asset, providing token holders with genuine utility and governance rights.

Staking and Delegation

With the mainnet launch and token distribution, users can now stake ELX directly or delegate to validators:

1. Staking requires a minimum amount of ELX (currently 9,000 tokens) and technical knowledge to run validator infrastructure
2. Delegation allows any token holder to participate in network security without technical requirements
3. Both stakers and delegators earn rewards proportional to their contribution

The staking mechanism incorporates slashing conditions to discourage malicious behavior, ensuring validators remain aligned with network interests. This creates a robust security framework that becomes stronger as more tokens are staked.

Conclusion

The Elixir Network has established itself as an innovative solution to the challenge of liquidity provision in decentralized finance. By enabling retail users to provide liquidity directly to orderbook exchanges, Elixir has created a more inclusive and efficient ecosystem that benefits all participants.

The announcement of the ELX token airdrop represents a significant milestone in Elixir's development. For eligible participants, claiming these tokens provides both governance rights and potential economic benefits as the ecosystem continues to grow.