Elix Overview
What is Elix?
Elix is a CLOB/AMM hybrid decentralized exchange (DEX) built on Somnia Network, designed to bring the performance and trading experience of a centralized exchange (CEX) fully on-chain.
By combining CLOB precision with AMM flexibility, Elix delivers fast, efficient, and transparent trading — offering users the best of both worlds:
CEX-grade execution: tight spreads, low slippage, and instant order matching
DEX principles: full self-custody, transparency, and composable liquidity
Unlike traditional DEXs, Elix allows liquidity providers to post arbitrary Smart Contracts (Hooks) as offers — programmable orders that can execute custom logic directly on-chain. This architecture unlocks new opportunities for automated trading, dynamic pricing, and cross-protocol yield strategies, while also enabling advanced mechanisms such as re-staking liquidity held on other protocols, liquidity amplification across multiple markets, and liquidity provision through fully customizable strategies.
Why Elix is Different
Elix lists promises instead of locked commitments, meaning liquidity stays unlocked until an order is matched.
Your funds remain usable elsewhere — such as lending on Tokos, farming, or staking — while simultaneously active on Elix’s order book.
This architecture lets you:
Reuse the same liquidity across multiple markets
Earn yield from several protocols at once
Build adaptive strategies through smart hooks
Somnia and Elix = institutional-grade trading, on-chain native, defining the new market standard.
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