Elixir raised $16M across two rounds at a roughly $800M implied secondary valuation, with Hack VC leading. The deUSD stablecoin stack was the pitch, liquidity provisioning for perp DEXes the product. Team quietly wound down the main offering, the airdrop handed dust to farmers and insiders got fully-loaded allocations. A textbook 'build the farm, harvest the farmers' exit that still wears the DeFi costume..