Wu Blockchain (@WuBlockchain): The modular blockchain project Elixir has announced the launch of a synthetic USD asset called deUSD, aiming to challenge Ethena's USDe. deUSD maintai…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
The modular blockchain project Elixir has announced the launch of a synthetic USD asset called deUSD, aiming to challenge Ethena's USDe. deUSD maintains its peg through arbitrage mechanisms and a yield-returning cash-and-carry trade, using stETH as collateral and shorting ETH in…