Elixir has worked with curators to make available funds to lenders affected by Stream’s open borrow positions on lending markets. Affected lenders can now recover USDC at the following link: partnerclaims.elixir.xyz
For any issues, please open a ticket in our Discord. Please
Powering instant liquidity for the institutional onchain economy.
- Claims contracts 2 and 3 are now live. Holders of sdeUSD and deUSD unrelated to Stream can redeem USDC 1-1 here: elixir.xyz/deusd/claims With the sunsetting of deUSD, we aim to hand the protocol to the community in the coming weeks. Validators are advised to keep an eye out for
- Elixir has worked tirelessly over the previous 48 hours and has successfully processed redemptions of 80% of all deUSD holders thus far (not including Stream). As it stands now, Stream holds roughly 90% of the deUSD supply (~$75m), while Elixir holds a similar proportion of its
- During the past 24hrs we have heard concerns around Stream Finance' xUSD. Elixir has full redemption rights at $1 with Stream for its lending position. We are the only creditor with these 1-1 rights. deUSD remains fully backed and Elixir is beginning the process of unwinding
- Join @0xPhilip @rabeel @0xrajendra + @aslan_web3 today, for an X space to discuss Stable Yield Optimization on @SuiNetwork 📅10.24 ⏰11am EST | 3pm UTC Set reminder: x.com/i/spaces/1DXxy…

