Elixir Games allows users to stake tokens directly within its launcher

Elixir Games announced that it is launching $ELIX Staking, a new feature that allows users to stake their tokens directly in the Elixir Launcher. This makes staking tokens easier and more convenient for users in-platform. Elixir is also offering 22% annual percentage yield (APY) for users who stake 360 days before the end of 2024. The team is also celebrating the launch by burning $260,179.32, or 1% of total supply, from its allocation.

Users can purchase $ELIX tokens on various exchanges, including Jupiter, Raydium and Bybit, and can either deposit it to their Elixir wallet or an external wallet. Depending on how much the user stakes, they’re granted a community role that offers increased rewards and benefits as well as annual returns. According to Elixir, they’re aiming to incentivize long-term investment in the platform.