Elixir deUSD
DEUSD

1.001
$
0.23 %
Change 24h
Market Cap
$ 259,010,455
Volume 24h
$ 17,676,774
Circulating Supply
259,113,595
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.