deUSD: Collateralized synthetic dollar optimizing yield via Elixir Network.
deUSD, backed by stETH/sDAI via Elixir, dynamically adjusts its exposure to optimize yields and liquidity across exchanges.
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What is deUSD (DEUSD)?
deUSD is a synthetic dollar, fully backed by stETH and sDAI, and managed by the Elixir Network. The network leverages collateral to generate returns by shorting perpetual futures. To manage funding risks, deUSD benefits from positive funding rates with long-term exposure and increases T-Bill holdings when rates are negative. deUSD will be central to the Elixir ecosystem, acting as the primary collateral for order book liquidity on both decentralized and centralized exchanges. This integration, offered by most Elixir DEX partners, aims to increase Open Interest and TVL. Furthermore, deUSD can be used in Elixir-powered native exchange integrations to boost yield and drive liquidity on partner exchanges.
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deUSD price live information
As of now, deUSD is trading at 0.9992 USD, with a 24-hour trading volume of approximately 36.79K USD. The DEUSD to USD price is updated in real time. Over the past 24 hours, deUSD has decreased by 0.01%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 236.81M USD. Currently, there are 237 001 142 DEUSD in circulation out of a maximum supply of 237 001 142 DEUSD.
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