Is deUSD the next evolution of DeFI liquidity

[BullTrader]

I’ve been seeing a lot of hype on Twitter about Elixir, and it’s starting to make sense why. They’re bringing institutional assets into DeFi with $deUSD, a yield-bearing synthetic dollar backed by $1B in liquidity.

What makes Elixir interesting is that it’s modular and cross-chain, meaning it connects different blockchains and powers exchanges seamlessly. It’s already integrated with 30+ top DEXs, helping to improve liquidity across the board.

With $deUSD already trading and adoption picking up, it really feels like Elixir could be the next evolution of DeFi liquidity.

[Mia Chloe]

I’ve been seeing a lot of hype on Twitter about Elixir, and it’s starting to make sense why. They’re bringing institutional assets into DeFi with $deUSD, a yield-bearing synthetic dollar backed by $1B in liquidity.

What makes Elixir interesting is that it’s modular and cross-chain, meaning it connects different blockchains and powers exchanges seamlessly. It’s already integrated with 30+ top DEXs, helping to improve liquidity across the board.

Your post seems a little bias since it seems like you are midway between trying to explain something and also asking a question all the same time when it seems like you are actually trying to promote this particular project. Nevertheless in my opinion I think it's important to be skeptical about new projects and this is because of the number of unsuccessful projects being launched these days.

It's important to make sure you do some research before thinking about investing in any project else you end up like most newbies do in loss.

[BullTrader]

I’ve been seeing a lot of hype on Twitter about Elixir, and it’s starting to make sense why. They’re bringing institutional assets into DeFi with $deUSD, a yield-bearing synthetic dollar backed by $1B in liquidity.

What makes Elixir interesting is that it’s modular and cross-chain, meaning it connects different blockchains and powers exchanges seamlessly. It’s already integrated with 30+ top DEXs, helping to improve liquidity across the board.

Your post seems a little bias since it seems like you are midway between trying to explain something and also asking a question all the same time when it seems like you are actually trying to promote this particular project. Nevertheless in my opinion I think it's important to be skeptical about new projects and this is because of the number of unsuccessful projects being launched these days.

It's important to make sure you do some research before thinking about investing in any project else you end up like most newbies do in loss.

It's a stable coin with benefits unlike Usdt And the rest. When talking about a project you need people's view on, I believe you'll need to explain how far you've gotten in terms of research yeah? And that's what I did.

[Stompix]

They’re bringing institutional assets into DeFi with $deUSD, a yield-bearing synthetic dollar backed by $1B in liquidity.

Explain to me how can this related to anything about decentralized finance when all of it is issued by a company in British Virgin Islands?
Takes a lot of mental twisting to associate defi with a centralized business that is sheltering in the most off-shore of offshore locations.

[Mia Chloe]

It's a stable coin with benefits unlike Usdt And the rest. When talking about a project you need people's view on, I believe you'll need to explain how far you've gotten in terms of research yeah? And that's what I did.

Yeah it's a stable coin based on what you've explained so far however I still would prefer making use of usdt not because it is not a stable coin like this particular one but because of adoption and liquidity too. You are much safer when you make use of a network or invest in a network that has a good liquidity arrangement and necessary investors.

This is one of the major reasons why people successful in the crypto space focus a lot on the particular network that token is because it's like the foundation of that coin or token.

[hugeblack]

Haha, what made me laugh the most was "backed by $1B in liquidity." This means that the assets are less than $1 billion, and therefore, if the token's value were to fluctuate, it would likely de-peg with the first liquidity crisis. In the past, the phrase "backed by 1:1 USD or 1:1.5 USD" was used.

[MrSpasybo]

Haha, what made me laugh the most was "backed by $1B in liquidity." This means that the assets are less than $1 billion, and therefore, if the token's value were to fluctuate, it would likely de-peg with the first liquidity crisis. In the past, the phrase "backed by 1:1 USD or 1:1.5 USD" was used.

From what I understand, Elixir aims to tokenize assets from large institutions. I'm still not familiar with these types of assets or their use cases. We'll have to wait and see if deUSD can become as popular as USDe.

Personally, I'll still stick with USDT for trading in the market since it's so widely used on CEXs. For now, there's no reason for me to risk it with a new stablecoin that only has a market cap of over $200M.