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Elixir: The official 1:1 exchange channel for deUSD to USDC is now open.

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On November 7, according to official news, 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 USD), and Elixir's remaining collateral assets mainly consist of Morpho loans issued to Stream. All remaining deUSD can be exchanged for USDC at a 1:1 ratio with sdeUSD holders (including AMM and lending platform LPs). Elixir has taken a Snapshot for this purpose and opened the official redemption page. Meanwhile, the minting and redemption functions of deUSD have been closed. The officials remind that deUSD no longer holds any value, and please do not purchase or invest in it, and warn users to submit redemption requests only through official links, and to be cautious of fraudulent websites.

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