Elixir deUSD Price
DEUSD
How Much is 1 Elixir deUSD (DEUSD)
Convert DEUSD to your currency
Last Updated on Dec 17, 2025 07:01 AM
What is Elixir deUSD?
About the coin
deUSD, known as the decentralized US Dollar, is a synthetic dollar that is fully collateralized and powered by the Elixir Network. It is minted using stETH and sDAI, and the deposited collateral is utilized to short ETH, thereby creating a delta neutral position. This innovative approach allows deUSD to function as a stable and reliable synthetic currency within the cryptocurrency ecosystem.
Main features
The primary feature of deUSD is its ability to leverage the funding rate basis trade on Ethereum. By doing so, the Elixir network can create a synthetic dollar that captures positive funding rates. This mechanism ensures that deUSD remains stable and valuable, even in fluctuating market conditions. The design of deUSD is such that it remains resilient even in a negative funding rate environment, providing users with a dependable synthetic dollar option.
How it works
deUSD operates by utilizing stETH and sDAI as collateral to mint the synthetic dollar. The collateral is then used to short ETH, which creates a delta neutral position. This strategy allows deUSD to maintain its value and stability, making it an attractive option for users seeking a synthetic dollar that can withstand various market conditions. The Elixir network's approach to capturing positive funding rates further enhances the value proposition of deUSD, ensuring its resilience and reliability.
Wallet for Elixir deUSD
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Tangem supports networks for Elixir deUSD
- Ethereum
- Sui
- Avalanche
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Elixir deUSD FAQ
- Elixir deUSD is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Elixir deUSD offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- Yes. DEUSD is the trading symbol used to identify Elixir deUSD on exchanges and charts.
- You can buy Elixir deUSD using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
How to secure Elixir deUSD with Tangem Wallet?
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Why choose Elixir deUSD wallet with Tangem.
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