Wound-down synthetic dollar (shut down Q1 2026 after the Stream Finance loss).
Historical peg variance
Loose peg90-day series · source: DeFi Llama
Chain distribution
Circulating supply by chain · updated 7d ago
Ethereum60.4M deUSD65.5%
Avalanche31.2M deUSD33.9%
Sei556.1K deUSD0.6%
Polygon859 deUSD0.0%
Metadata
Issuance
Backing & mint/redeem mechanics per the issuer.
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/auditOff-chain facts
- LifecycleCurated
Elixir fully shut down in Q1 2026 after a $68-93M Stream Finance loss; deUSD is discontinued.
Elixir