Searching for Alpha: Elixir Finance

Liquidity provisioning is critical to all financial systems, and a major goal in the DeFi industry is to fundamentally change how liquidity is provisioned. Automated market making protocols (AMMs) reached significant levels of adoption in DeFi largely due to their ability to attract retail liquidity. On centralized exchanges, liquidity is largely sourced from trading firms that run algorithmic trading programs to tighten bid-ask spreads and maintain consistent orderbook depth (market makers). 

Elixir is a protocol for automated algorithmic market making that can increase access and bring full transparency to algorithmic market making. While token issuers typically have relatively few options for market making services, using Elixir, they can easily bootstrap institutional-grade market making for their token’s exchange pairs while saving significantly on costs.