Elixir: The official 1:1 deUSD to USDC redemption channel is now open
On November 7, Elixir announced that the team has completed the redemption of approximately 80% of all deUSD holders (excluding the Stream portion). Currently, Stream holds about 90% of the deUSD supply (approximately $75 million), and Elixir's remaining collateral assets are mainly Morpho loans issued to Stream. All remaining deUSD and sdeUSD holders (including LPs from AMM and lending platforms) can exchange their tokens for USDC at a 1:1 ratio. Elixir has taken a snapshot for this purpose and launched an official redemption page. At the same time, the minting and redemption functions for deUSD have been closed. Official reminder: deUSD no longer has any value, please do not purchase or invest further, and users are warned to only submit redemption requests through official links and to beware of scam websites.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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