Elixir deUSD
DeFi's Native Yield-Bearing Dollar
Last updated
DeFi's Native Yield-Bearing Dollar
Last updated
deUSD ("decentralized US Dollar") is a fully collateralized, yield-bearing synthetic dollar powered by the Elixir Network. deUSD's backing is comprised of treasuries via MakerDAO's USDS t-bill protocol, and stETH used by the network to short ETH perpetuals (creating a delta neutral position).
Elixir is cross-chain and composable, powered by an off-chain DPoS network. The Elixir Network is a new primitive, built from the ground up to power high-throughput cross-chain liquidity use cases. Elixir powers exchanges and deUSD ("decentralized US Dollar") – a fully collateralized, yield-bearing synthetic dollar. deUSD serves as the rails for institutional RWA asset holders to access DeFi for the first time, without changing their original asset exposure.
