On November 7th, Elixir announced that the team has completed the redemption of about 80% of all deUSD holders (excluding the Stream part). At present, Stream holds about 90% of the deUSD supply (about 75 million US dollars), and Elixir's remaining collateral assets are mainly Morpho loans issued to Stream. All remaining deUSD and sdeUSD holders (including AMM and LPs of lending platforms) can exchange USDC 1:1. Elixir has taken a snapshot of this and opened the official redemption page. At the same time, the casting and redemption function of deUSD has been turned off.
Official reminder: deUSD is no longer valuable, please do not buy or invest again, and warn users to submit payment applications only through the official link, and be vigilant against fraudulent websites
Elixir: deUSD official 1:1 redemption USDC channel is now open
2025-11-07 04:54:51
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