Check Elixir deUSD Current Price Today.

$1.00

-0.21% (24H)
  • Market Cap $258.59 M
  • Volume $17.68 M
  • Available Supply 259.04 M DEUSD

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Date Price Volume MarketCap
# Exchange Pair Price Volume (24h) Updated Trust Score

Elixir deUSD current price is $1.00 with a marketcap of $258.59 M. Its price is -0.21% 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.