Elixir: 80% of deUSD redemptions have been successfully processed in the past 48 hours, and the claim page will be launched today

DeFi Liquidity Protocol Elixir says it has successfully processed 80% of deUSD holders' redemptions to date (excluding Stream) in the past 48 hours. Currently Stream holds approximately 90% of deUSD supply (approximately $75 million), while a similar proportion of Elixir's remaining backed assets are held in the form of Morpho loans to Stream. All remaining deUSD and sdeUSD holders will be able to redeem at an anchor value of one dollar. To protect holders' interests and remove any risk of Stream liquidating deUSD before repaying the loan, Elixir has taken a snapshot of all remaining deUSD and sdeUSD holders' balances, and a claims page will be live later today. These holders will be able to claim USDC. As part of this process, the foundry/redemption infrastructure has been shut down and deUSD will be phased out in the near future. Any LPs in the affected AMM pools or lending markets will be able to claim the full value of their positions. Given that Stream occupies 99% + of the lending positions (and has decided not to repay or close the positions), Elixir will work with Euler, Morpho, Compound and others to drive the repayment allocation of Stream loans to liquidate these positions. Still confident that it will be cashed out 1:1, with claims page information available later today.