Elixir deUSD

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 powers a synthetic dollar capturing positive funding rates. Even in a negative funding rate environment however, deUSD is built to be resilient.