Elixir deUSD (DEUSD)$1.00
-0.06% (24H)
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Elixir deUSD current price is $1.00 with a marketcap of $134.19 M. Its price is -0.06% down in last 24 hours.
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.
