Elixir deUSD DEUSD
DEUSD
0.9994
$
0.02 %
Change 24h
Market Cap
$ 178,851,881
Volume 24h
$ 3,542,022
Circulating Supply
178,964,868
Total Supply
145,213,533
DEUSD
$
| # | Exchange | Pair | Price | Volume 24h |
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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.