deUSD deUSDPrice $ 0.00104

deUSD is a fully collateralized synthetic dollar powered by the Elixir Network. Collateralized by stETH and sDAI, the Elixir Network utilizes collateral to capture funding via shorting perps, while mitigating funding risks deUSD holds long-basis exposure in positive funding environments, while increasing T-Bill exposure in negative funding environments.
deUSD will serve as a key component of the Elixir ecosystem, serving as the preferred collateral of orderbook liquidity across decentralized and centralized exchanges. Most of Elixir’s DEX integrations will accept deUSD as collateral on their exchanges, driving additional Open Interest and TVL. deUSD can also be pointed to native exchange integrations powered by Elixir for boosted yield, further driving liquidity on partnered exchanges.