About 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.