Sperax USD 價格USDs

Elixir’s deUSD is different from traditional stablecoins. Instead of being backed by a 1:1 reserve of U.S. dollars, deUSD is supported by: ● stETH, which is used in a delta-neutral trading strategy ● MakerDAO’s USDS T-Bill protocol This structure allows deUSD to generate yield, making it a more efficient form of collateral than traditional stablecoins. It also enables institutional investors to enter DeFi without changing their existing asset exposure.

Elixir Network (ELX) is a modular decentralized network built to power high-speed and efficient trading across DeFi. It allows users to supply liquidity to order book-based exchanges without relying on centralized market makers. This means that regular users, not just big financial institutions, can provide liquidity and earn rewards while keeping the system decentralized. One of Elixir’s key innovations is deUSD, a fully collateralized, yield-bearing synthetic dollar. deUSD allows traditional financial institutions to access DeFi without changing their original asset exposure. Backed by stETH and MakerDAO’s USDS T-Bill protocol, deUSD provides a secure and efficient way to bring institutional capital into DeFi.

Elixir operates through a decentralized proof-of-stake (DPoS) consensus mechanism, where validators play a critical role in securing the network and managing liquidity. Several key components define how the ecosystem functions: Liquidity Infrastructure for Exchanges Elixir connects with both decentralized and centralized exchanges to improve liquidity for trading pairs. Many DeFi exchanges struggle to attract sufficient market-making activity, leading to poor liquidity and wider bid-ask spreads. By integrating with Elixir-powered liquidity pools, exchanges can improve trading efficiency. Users can contribute liquidity to Elixir’s network, allowing them to earn passive rewards. Retail investors who provide liquidity help build stronger order books, reducing reliance on centralized market makers. deUSD: A Synthetic Stable Asset Elixir’s native synthetic dollar, deUSD, serves as a key element in the ecosystem. Unlike traditional stablecoins that rely on fiat reserves, deUSD is collateralized by a combination of: - stETH (staked Ethereum), which is hedged through short ETH perpetual futures contracts. - MakerDAO’s USDS, a stable asset backed by U.S. Treasury bills. When funding rates become negative, deUSD’s backing shifts into MakerDAO’s T-Bill protocol, ensuring resilience during unfavorable market conditions. Institutions can mint deUSD by converting tokenized real-world assets (RWAs) into the synthetic dollar, allowing them to participate in DeFi markets without changing their asset exposure. This feature provides native composability for institutions while bringing new capital into DeFi. Validator Network and Security Elixir’s network is supported by over 30,000 validators who reach consensus on transactions and liquidity movements. The system requires a 66% consensus threshold for order execution, making it resistant to manipulation. To maintain security and transparency, Elixir incorporates a fraud-proof mechanism, where auditors monitor network activity. If validators act dishonestly, an on-chain dispute resolution process penalizes them by slashing their stake. Transition from Centralized to Decentralized Execution Initially, deUSD’s liquidity and order execution take place on centralized exchange venues using Fireblocks’ off-exchange custody. However, Elixir aims to shift towards fully decentralized execution as DeFi liquidity increases. The long-term goal is to ensure that all collateral management, hedging, and order execution occur entirely on-chain. What Is the ELX Token?

Elixir is a modular liquidity network designed to improve trading efficiency in decentralized finance (DeFi) and centralized exchanges (CEXs). It provides an infrastructure that enhances order book liquidity and allows institutional investors to interact with blockchain-based markets. A key feature of Elixir is deUSD, a fully collateralized, yield-bearing synthetic dollar. Unlike traditional stablecoins, deUSD does not rely on a direct 1:1 peg with US dollars but instead maintains its value through a combination of liquid assets, including stETH and MakerDAO’s USDS T-Bill protocol. This approach ensures that deUSD remains stable even in volatile market conditions. Elixir integrates with financial institutions such as BlackRock, Hamilton Lane, and Apollo through a partnership with Securitize. This integration allows real-world assets (RWAs) to enter the crypto economy in a compliant and structured manner. The network is secured by over 30,000 validators, ensuring decentralization and security in its operations.

Elixir Network (ELX) is a modular decentralized platform designed to enhance liquidity and efficiency in decentralized finance (DeFi). Its market strategy encompasses several key components: Decentralized Liquidity Provision: $ELX enables users to supply liquidity to order book-based decentralized exchanges (DEXs) without relying on centralized market makers. This democratizes liquidity provision, allowing individual users to earn rewards while maintaining a decentralized system. Introduction of deUSD: A pivotal innovation of $ELX is deUSD, a fully collateralized, yield-bearing synthetic dollar. Backed by assets like stETH and MakerDAO’s USDS T-Bill protocol, deUSD offers traditional financial institutions a secure entry into DeFi without altering their original asset exposure. Staking and Governance: Holders of $ELX tokens can stake them to support the Delegated Proof of Stake (DPoS) consensus mechanism, thereby securing the network and ensuring transaction transparency. Additionally, $ELX holders participate in decentralized autonomous organization (DAO) governance, influencing decisions on protocol upgrades, economic policies, and ecosystem fund management. Incentivizing Liquidity Providers: $ELX tokens are used to incentivize liquidity providers on order book DEXs, enhancing trade depth and reducing dependence on centralized entities. This strategy aims to improve overall market efficiency within the $ELX ecosystem. Collectively, these strategies position Elixir Network to revolutionize liquidity in DeFi, offering both individual and institutional participants efficient and decentralized financial services.