According to DeepChao TechFlow, on March 5, the DeFi protocol Elixir Protocol announced that it would make a major official announcement on March 12, which is expected to be related to tokens. In October last year, Elixir completed a US$7.5 million Series A financing at a valuation of US$100 million, led by Hack VC, with participation from NGC Ventures, AngelList Ventures and others. Elixir Protocol is a modular decentralized staking network designed to help improve the liquidity of decentralized order book exchanges. It currently has more than 10,000 staking nodes around the world and has cooperated with projects such as Vertex, Bluefin, and WooFi.

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