The Elixir Network has launched deUSD, a decentralized synthetic stablecoin, with $1 billion in liquidity. Minted by stETH and sDAI, deUSD is designed to short ETH, creating a neural delta position that mitigates risks.
Integrating with DEXs, deUSD will drive Open Interest and TVL, boosting yields on partnered exchanges. The stablecoin’s decentralized nature ensures it operates without centralized dependencies.
With $300 million TVL in the Apothecary program, deUSD aims to become the preferred collateral across various exchanges, enhancing its adoption and ecosystem growth.
