1. Proposer’s Email
jesse@elixir.xyz
Proposer’s project name
Elixir
Proposer’s X account (you will be required to make a post from the X account provided for verification purposes)
@jeezyhowyoudoinjeezyhowyoudoin
Best Telegram Handle for questions/fixes
@jeezyhowyoudoin
2. Protocol Details
Your Protocol Name
Elixir
Protocol Description
The Elixir network is a new primitive, purpose-built to power the next generation of institutional liquidity.
Elixir powers deUSD – a fully collateralized, yield-bearing synthetic dollar. Elixir is the most widely adopted network by RWAs: exclusively bringing funds from Hamilton Lane, Fasanara and others to DeFi for the first time through deUSD. The Elixir network is secured by 10,000+ global validators.
Protocol URL (link to dApp)
Protocol Logo URL (image must be 1024x1024 and non-transparent otherwise may DELAY metadata)
3. Reward Vault and Staking Token Details
sdeUSD-POL
Reward Vault Address: (insert only the contract address)
0xf4925f9bb37aee3b7a08237d46d4012dcfb46a3a
Logo URL: Vault Image used for Staking Token Image (1024x1024 and non-transparent other may DELAY metadata)
Staking Token Contract Address
0xAF51434Ac57f05e0Bc397739c15CF653dbdBd86D
Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. Template: Address Identification Template (MAKE YOUR OWN COPY TO USE) - Google Sheets
n/a
Is the Staking Token located on BEX?
No
Specify the protocol where the Staking Token is located (Ex: BEX, Kodiak, YourOwnProtocol)
Elixir
Link to where the Staking Token is located
Will be here at launch: https://www.elixir.xyz/deusd/staking
Audit link(s) of the protocol where pool is located
Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in base asset, which can be a major ecosystem asset)
~$500K in Kodiak pool (deUSD<>USDC)
Describe how a user should acquire this staking token
By depositing deUSD and staking on Elixir
Please provide Reward Duration Manager address
TBC
5. Token Information
List Tokens Names
sdeUSD-POL
List Tokens Symbols
sdeUSD-POL
List Contracts Addresses (on Berachain and bridging addresses if cross-chain):
0xf4925f9bb37aee3b7a08237d46d4012dcfb46a3a
First Incentive Token: Whats the first incentive token in the pool?
BERA
7. First Incentive Token Final Questions
Specify how many tokens per week you plan to allocate for incentives
2x potions, plus allocating full deUSD staking yield on Berachain to bribes ($10k per month in bribes)
Specify for how many weeks you plan to allocate incentives*
Bribes will be made using staked deUSD yield perpetually
Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
Decisions are guided by a DAO-based model with community feedback. Execution is handled via a 3/5 multi-sig comprised of core and foundation
Incentive Manager address: TBC
Do you want to add a second incentive token?
no
Growth, Community & Ecosystem Impact
Why This Contract Matters:
Incentivizing this contract will create a unique RV vault for sdeUSD-POL collateral, where Elixir protocol fees fund bribes. This will attract users from Ethereum, Avalanche, and other chains with sdeUSD to Berachain. As the bribe efficiency grows, the larger this yield will be over normal staked deUSD yield.
Potential Volume / TVL:
$10m+ mid-term based on commits and the comparable size of similar routes for sdeUSD on alternative chain competitors (Morpho, Euler, Compound, etc)
Synergies with Other Protocols:
Kodiak: AMM pools
Bend: Lending/borrowing, yield-bearing collateral
Kodiak perps (Orderly): Yield-bearing collateral
Marketing / Promotion Plans?
Yes, we plan on making numerous twitter announcements and CTAs for our community to get involved.
Long-Term Vision:
Long term, Elixir is interested in exploring building out deUSD as a native asset on the chain, with its backing deployed on Berachain.