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deUSD ("decentralized US Dollar") is a fully collateralized synthetic dollar powered by the Elixir Network. Minted by stETH and sDAI, deposited collateral will be used to short ETH, creating a delta neutral position.

Through leveraging this funding rate basis trade on Ethereum, the Elixir network creates a synthetic dollar capturing positive funding rates. Even in a negative funding rate environment however, deUSD is built to be resilient.

Elixir deUSD

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DEUSD	USD
0.1	0.09985968712
1	0.99859687125
2	2.00
5	4.99
10	9.99
20	19.97
50	49.93
100	99.86
1000	998.60

USD	DEUSD
0.1	0.10014051002
1	1.00
2	2.00
5	5.01
10	10.01
20	20.03
50	50.07
100	100.14
1000	1,001.41

Elixir deUSD Converter

DEUSD to USD Price Chart

Price Performance

Price Performance

DEUSD to USD Conversion Table

Popular Conversions