Elixir deUSD is a synthetic dollar on the Elixir Network, fully collateralized by stETH and sDAI. More
| Fully Diluted Valuation | $137.19M |
|---|---|
| 24H Trading Volume | $1.65M |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 137.22 M |
| Total Supply | 137.22 M |
| Max Supply | 0.00 |
| Categories | Stablecoins 3 more |
|---|---|
| Founder | Anonymous |
| Website | elixir.xyz Whitepaper |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Avascan 4 more |
| Contracts |
0x157....aa138
2 more
|
| Name | Pair | OG Score |
|---|
Elixir deUSD, or Decentralized US Dollar, is an innovative synthetic dollar created by the Elixir Network. It’s fully backed by collateral, specifically stETH (staked Ether) and sDAI (synthetic DAI), and is designed to maintain stability by shorting ETH to create a delta-neutral position.
How Does It Work?
The magic behind Elixir deUSD lies in its use of a funding rate basis trade on Ethereum. This means it leverages the differences in funding rates to generate positive returns. Even when the funding rates are negative, deUSD is built to stay resilient and maintain its value.
Why Choose Elixir deUSD?
Elixir deUSD opens up new opportunities for exchanges by eliminating the need for centralized firms to provide deep liquidity. Instead, it offers a decentralized solution that enhances order book depth and generates organic yield. This means users can benefit from increased liquidity and innovative trading options.
The Future of Exchange Liquidity
By harnessing the power of the Elixir Network, Elixir deUSD is set to revolutionize how liquidity is provided in exchanges. It offers a reliable and decentralized alternative, making it easier for users to access deep liquidity and participate in a more dynamic trading environment.
In summary, Elixir deUSD is a cutting-edge synthetic dollar that combines stability with innovative liquidity solutions, paving the way for a more decentralized and efficient trading experience.
Elixir deUSD is a unique synthetic dollar fully collateralized by stETH and sDAI, leveraging a delta-neutral position through a funding rate basis trade on Ethereum to capture positive returns and ensure resilience.
The founders of Elixir deUSD are anonymous.
Bitget, Uniswap V3 (Ethereum), Pancakeswap V3 (Ethereum), Balancer V2Curve (Ethereum)
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Elixir deUSD (DEUSD) is ($137,224,833), max supply of Elixir deUSD DEUSD is ($0) and the market cap of Elixir deUSD DEUSD is ($137,187,967).
What is the Elixir deUSD (DEUSD) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Elixir deUSD (DEUSD) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Elixir deUSD (DEUSD) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Elixir deUSD DEUSD) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Elixir deUSD (DEUSD) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Elixir deUSD (DEUSD) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
