Introducing $ELIX Staking
We are thrilled to introduce one of the most anticipated features on the Elixir Launcher: $ELIX Staking! This exciting addition allows you to seamlessly stake your $ELIX directly within the launcher, offering you a streamlined experience and empowering you to earn rewards without the need for complicated external processes.
In this post, we'll guide you through everything you need to know about $ELIX staking, from purchasing tokens to tracking your staking status, along with an overview of the different staking roles and the rewards you can earn. Let’s dive into how you can start staking $ELIX and make the most out of your participation in the Elixir ecosystem.
Token Burn Announcement for Staking Launch
As part of the celebration of our Staking platform launch, we are excited to announce the burn of 260.179.32 $USD (1% from total token supply). This burn will be carried out by removing tokens from the team’s allocation, reducing the overall supply and increasing the scarcity of the token. This is a significant step to enhance long-term value for our community, as we continue to deliver new and exciting features. Thank you for your ongoing support as we move forward in building a more robust ecosystem!
How to Get Started with $ELIX Staking
Staking $ELIX in the Elixir Launcher is quick and straightforward. Follow these easy steps to get started:
- Purchase $ELIX on supported exchanges: Begin by buying $ELIX tokens from trusted exchanges such as Bybit, Gate.io, MEXC, Jupiter, Raydium, and Orca. These platforms provide easy access to $ELIX.Use your Elixir Wallet: Purchase $ELIX or deposit it to the Elixir Wallet and use it to take advantage of our gas sponsorship program, using account abstraction.
- Connect your external wallet to Elixir: If you prefer to use your own wallet, connect your Solana-based wallet to the platform and start using it.
- Decide how much you want to stake: With your funds available, you can now decide the amount of $ELIX you wish to stake. The staking process is easy and transparent, enabling you to choose the right amount for your needs.
By simplifying the staking process through our launcher, you’ll enjoy a hassle-free experience with full control over your funds.
Staking Roles and Rewards
In addition to earning rewards, staking $ELIX grants you a community role within the Elixir ecosystem. These roles not only reflect your commitment but also provide enhanced rewards and benefits as your staking amount increases. Here's a breakdown of the staking roles, their respective Annual Percentage Yield (APY), and estimated annual rewards:
As a special event to celebrate the launch of our $ELIX Staking feature, we are excited to offer an increased APY across all staking tiers. For a limited time, participants in any tier will enjoy higher rewards than the standard rates shown in the table below. Don’t miss this exclusive opportunity to maximize your staking returns during our Launch Offer!
As you can see, the more $ELIX you stake, the higher your APY and the greater your potential rewards. Each staking tier provides increasing benefits, which are directly reflected in your annual returns. This system not only encourages active participation but also rewards long-term commitment to the Elixir ecosystem.
Managing Your Staking Experience
We understand the importance of being able to monitor and manage your staking status easily. That’s why the Elixir Launcher includes a dedicated Membership section where you can track all aspects of your staking activity. Here’s a brief overview of the key features:
- Membership Section: In this section, you’ll find detailed information about your current staking status, including your staking role, the amount of $ELIX you’ve staked, your APY, and your estimated rewards. You’ll also see when your next rewards are due and can manage your staking pools.
- Wallets Section: This is where you can connect your Solana wallet to interact with your $ELIX tokens and participate in staking. We’ve integrated this process directly into the launcher for maximum convenience.
- Overview Section: Here, you can access a comprehensive overview of your staking activity, providing you with key statistics about your staked $ELIX, your rewards, and the total value of your holdings. This section gives you all the insights you need to make informed decisions about your staking strategy.
By providing clear and intuitive tools, the Elixir Launcher ensures that you have full visibility and control over your staking experience, from start to finish.
Why Staking $ELIX?
Staking $ELIX offers multiple benefits that go beyond just earning rewards. It’s an opportunity to become more deeply involved in the Elixir ecosystem and to unlock greater value through enhanced roles and participation. Whether you’re a casual user looking to stake smaller amounts or a committed participant aiming for the higher tiers, staking provides a flexible and rewarding way to grow your $ELIX holdings.
Exclusive DAO
In an exciting development, our team is currently working on a custom decentralized autonomous organization (DAO) to empower a more exclusive and engaged voting process. Only members who hold a staked role in either our Launchpad or possess $ELIX will have the right to vote on key decisions. By implementing this model, we aim to foster a community of highly committed participants who are deeply invested in the platform’s growth and direction. This staking-based governance ensures that only those with a direct stake in the ecosystem can shape its future, leading to more thoughtful and impactful decision-making.
Learn More and Get Started
To learn more about how the staking system works, and to answer any questions you may have, we’ve prepared a step-by-step guide that walks you through the entire process. You can find this guide, along with answers to frequently asked questions from the community, at the following link:
We look forward to seeing you take part in the $ELIX staking experience and enjoying the rewards that come with your commitment to the Elixir ecosystem. If you have any further questions, don’t hesitate to reach out to our support team or visit the Help Center for additional resources.