Elixir, a modular blockchain project, has launched a decentralized synthetic dollar asset, deUSD, to challenge Ethena's USDe. It is reported that Elixir's deUSD uses stETH as collateral to short ETH in a delta-neutral position while providing additional income. Elixir claims that its deUSD does not rely on centralized parties and is transparent and flexible. In addition, Elixir has currently raised $1 billion in liquidity to support new tokens and has received support from DeFi platforms including Pendle. Elixir is expected to officially launch mainnet in September. (The Block)
Modular blockchain project Elixir launches decentralized synthetic US dollar asset deUSD.
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