Would you like to watch an ad in exchange for our valuable content?
You've watched the ad! You may now view the page content.
Ad is playing...
Elixir deUSD DEUSD
DEUSD
0.9990
$
0.01 %
Change 24h
Market Cap
$ 153,136,992
Volume 24h
$ 1,123,957
Circulating Supply
153,205,654
Total Supply
145,213,533
DEUSD
$
1D
7D
1M
3M
6M
1Y
All
# | Exchange | Pair | Price | Volume 24h |
---|
Description
deUSD ("decentralized US Dollar") is a fully collateralized synthetic dollar powered by the Elixir Network. Minted by stETH and sDAI, deposited collateral will be used to short ETH, creating a delta neutral position.
Through leveraging this funding rate basis trade on Ethereum, the Elixir network creates a synthetic dollar capturing positive funding rates. Even in a negative funding rate environment however, deUSD is built to be resilient.