- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Elixir announces the termination of the deUSD synthetic stablecoin, pledging a 100% redemption.
BlockBeats News, November 7th, DeFi liquidity protocol Elixir announced that in the past 48 hours, it has successfully processed redemptions for 80% of deUSD holders to date (excluding Stream). Currently, Stream holds approximately 90% of the deUSD supply (around $75 million), while a similar proportion of the remaining assets held by Elixir is in the form of a loan to Stream through Morpho. All remaining deUSD and sdeUSD holders will be able to redeem at a pegged value of one US dollar.
To protect the interests of the holders and eliminate any risk of Stream liquidating deUSD before repaying the loan, Elixir has taken a snapshot of all remaining deUSD and sdeUSD holder balances, and will launch a claim page later today where these holders will be able to claim USDC. As part of this process, the mint/redeem infrastructure has been disabled and deUSD will be gradually phased out in the near future. Any LP in affected AMM pools or lending markets will be able to claim the full value of their position.
Given that Stream holds over 99% of the borrowing position (and has decided not to repay or close the position), Elixir will collaborate with Euler, Morpho, Compound, and others to facilitate the repayment allocation of Stream's loan to liquidate these positions. It is still believed that redemptions will be honored at a 1:1 ratio, and information on the claim page will be provided later today.
You may also like
1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments
Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
San Francisco Stablecoin Weekly Insights: The XYZ Coordinate System of 2026
Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon
A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.
Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon
A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.
The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.
Houthi Deadline Countdown Begins | Rewire News Morning Brief
Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years
The Largest Oil Reserve Release in History: Why Is the Oil Price Still Above 100?
AI Agent Can't Kill SaaS
This viral Beijing high school teacher, Jiang Xueqin, predicted America's downfall in advance
Interview with Bill, Head of Bitget AI: In the AI Trading Era, How Far Are We from "Earning While Lying Down"?
Privacy Infrastructure and the WEEX AI Trading Hackathon
A privacy-first Web3 ecosystem using masternodes, encrypted messaging, and confidential payments to protect traders and AI strategies on-chain.
Meme Culture, Community Energy, and the WEEX AI Trading Hackathon
A community-driven meme token built around one of the internet's most recognizable characters.
RGAI: Exploring AI Agent Trading and Advancing the WEEX AI Trading Hackathon
A Solana-based AI agent project connecting automated trading strategies with on-chain token dynamics in AI-driven Web3 markets.
ForeGate: Bringing Decentralized Forecasting to the WEEX AI Trading Hackathon
A decentralized prediction market platform enabling users and builders to gauge probabilities and make informed decisions around future events in AI-enhanced Web3 environments.
Apello: Automating Web3 Community Management and Partnering with the WEEX AI Trading Hackathon
A community toolkit enabling builders to streamline engagement and participation as Web3 ecosystems evolve with AI and decentralized innovation. As a community partner and sponsor of the WEEX AI Trading Hackathon, Apello reflects the growing fusion of community-driven participation and technical creativity in the Web3 space. The platform's commitment to empowering community interaction and meaningful engagement aligns with this shared vision of innovation.
RootData: Delivering Structured Web3 Intelligence and Sparking the WEEX AI Trading Hackathon
A Web3 data platform enabling investors and builders to uncover market insights and informed decision-making in AI-powered trading.
As a community partner and sponsor of the WEEX AI Trading Hackathonm RootData has a shared focus on transparency, data integrity, and insight-driven innovation across AI trading and market research.
1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments
Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
San Francisco Stablecoin Weekly Insights: The XYZ Coordinate System of 2026
Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon
A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.
Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon
A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.
The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.
App