Elixir deUSD
DEUSD

0.9994
$
0.03 %
Change 24h
Market Cap
$ 157,551,051
Volume 24h
$ 2,822,580
Circulating Supply
157,654,834
Total Supply
145,213,533
DEUSD
$
# 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.