Elixir Staked deUSDPrice

(SDEUSD)

In late 2025, the Elixir Network officially sunset both deUSD and sdeUSD. These tokens were permanently retired following a significant counterparty collapse involving Stream Finance. As the project has transitioned away from its stablecoin products, these assets are no longer active. Users are advised to focus on the network's native ELX token, which now serves as the primary asset for the ecosystem's decentralized liquidity infrastructure.

Elixir has launched a dedicated redemption portal to assist affected users. Holders who were included in the protocol's snapshot can redeem their sdeUSD or deUSD for USDC. While initial redemption efforts were prioritized for the Ethereum Mainnet, the team is working with various ecosystem foundations to resolve claims for holdings on other chains. Users should visit the official Elixir website and navigate to the redemption or claim section to facilitate their asset recovery.

The Elixir Network remains active but has shifted its strategic focus. It now operates primarily as a decentralized liquidity infrastructure for orderbook exchanges. Instead of maintaining a stablecoin product, the project is centered on its validator network and the native ELX token. This pivot ensures the network continues to provide essential liquidity services to the broader decentralized finance ecosystem while utilizing a more robust architectural model.

The ELX token is the central pillar of the Elixir Network, providing three main functions. First, it is used for governance, allowing holders to vote on protocol parameters and future developments. Second, it secures the network through a Delegated Proof of Stake (DPoS) consensus mechanism. Finally, it serves as a staking asset, where users can delegate their tokens to validators to help maintain network integrity and earn rewards from the validator incentive program.

To participate in the network's security and governance as a validator, users must meet a specific staking threshold. The current requirement is a minimum of 9,000 ELX tokens. For those who do not wish to run their own hardware, the network allows ELX holders to delegate their tokens to active validators. This delegated model ensures the network remains decentralized and secure while allowing a broader range of participants to contribute to the ecosystem.

Before its retirement, sdeUSD generated yield through a delta-neutral strategy that involved using collateral to hedge positions on perpetual contracts and utilizing treasury-backed assets. To maintain protocol stability and manage liquidity, Elixir implemented a mandatory 7-day cooldown period for unstaking. While these legacy features are no longer active following the sunset of the stablecoin, they were fundamental to the project's original liquidity provision model during its early stages.