deUSD

deUSDUSD pegStablecoin
LegacyDelta-neutral hedge
UnverifiedPart of Elixir
Wound-down synthetic dollar (shut down Q1 2026 after the Stream Finance loss).

Historical peg variance

Loose peg

90-day series · source: DeFi Llama

$1.0000 peg

Chain distribution

Circulating supply by chain · updated 7d ago

DeFi Llama
Ethereum60.4M deUSD65.5%
Avalanche31.2M deUSD33.9%
Sei556.1K deUSD0.6%
Polygon859 deUSD0.0%

Metadata

Peg targetUSD
Sub-categoryStablecoin
Chains
Arbitrum nativeNo
LiveNo
Founded

Issuance

Backing & mint/redeem mechanics per the issuer.

DeFi Llama
Peg mechanismCrypto-backed

deUSD is minted by stETH and sDAI, which are deposited collateral assets, which will be used to by the protocol to short ETH, creating a delta neutral position

Published audits

docs.elixir.xyz/audit

Off-chain facts

  • LifecycleCurated

    Elixir fully shut down in Q1 2026 after a $68-93M Stream Finance loss; deUSD is discontinued.

    Elixir
Research agent