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Elixir secures $8 million in Series B funding

Elixir, a decentralized network aiming to enhance liquidity on orderbook exchanges, recently finalized a Series B funding round, reaching a valuation of $800 million. The round, co-led by Mysten Labs and Maelstrom, raised $8 million with contributions from entities including Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, among others. Elixir addresses this by allowing liquidity provision to exchange pairs, rewarding users in the process. Elixir’s CEO, Philip Forte, announced the upcoming network mainnet launch and introduced the Apothecary, a feature for users to track contributions and engage with Elixir on social media.

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