Elixir deUSD DEUSD
DEUSD
0.9527
€
0.20 %
Change 24h
Market Cap
€ 249,743,639
Volume 24h
€ 5,857,027
Circulating Supply
262,160,299
Total Supply
145,013,475
DEUSD
€
# | Exchange | Pair | Price | Volume 24h |
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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.