Core Insights - Elixir has decided to wind down its deUSD synthetic dollar stablecoin following a significant loss disclosed by Stream Finance, which has caused ripple effects across the DeFi ecosystem [1][7]. Incident Overview - Stream Finance reported a loss of approximately $93 million in assets managed by an external fund manager, leading to the suspension of all withdrawals and deposits [2][3]. - Elixir had parked 65% of deUSD's collateral with Stream, which lost $93 million using its own stablecoin (xUSD) as collateral, resulting in a 77% drop in xUSD and effectively nullifying deUSD's backing [3][6]. Market Impact - The value of deUSD collapsed by over 97% within 24 hours, trading around $0.025 [5]. - Panic selling ensued, with over $30 million dumped on-chain as holders rushed to exit [3]. Redemption Process - Elixir announced that all remaining holders of deUSD and sdeUSD would be able to redeem their assets for a dollar, and a claim page was launched for users to redeem their assets in USDC [4][6]. - The protocol has taken a snapshot of all remaining holder balances and expects all claims to be honored on a 1:1 basis [6]. Broader Implications - The incident underscores the interconnectedness of DeFi systems, highlighting how losses in one protocol can significantly impact others, and raises ongoing discussions about collateral design, transparency, and risk management in decentralized finance [7].

⚡️ UPDATE: Elixir is sunsetting its synthetic stablecoin deUSD after Stream Finance suffered a ~$93M loss, with about $75M of deUSD trapped in Stream’s fallout. https://t.co/7wC9rvr7b0 ...

Decentralized finance liquidity provider Elixir has suspended support for its synthetic stablecoin deUSD following the fallout from Stream Finance’s $93 million loss earlier this week. Key Takeaways: Elixir halted support for its deUSD stablecoin following Stream Finance’s $93 million loss, which caused deUSD to crash to $0.015. Stream’s leveraged exposure, with $68 million owed to Elixir, triggered the 90% plunge of its own XUSD stablecoin. Balancer suffered a $128 million exploit but managed to rec ...

Stream Finance disclosed late Monday that an external fund manager overseeing its funds lost approximately $93 million in user assets, triggering a 77% crash in the price of its flagship stablecoin and exposing critical vulnerabilities in DeFi's interconnected lending ecosystem. The protocol announced it has suspended all withdrawals and deposits while engaging law firm Perkins Coie to investigate the incident and determine creditor priorities. "We are actively withdrawing all liquid assets and expect this ...

DeFi platform Stream Finance suspended all withdrawals and deposits on Nov. 3 after an external fund manager disclosed a loss of approximately $93 million in company assets. The platform retained attorneys Keith Miller and Joseph Cutler of law firm Perkins Coie LLP to investigate the incident. Stream Finance announced in a Nov. 3 statement that it is withdrawing all liquid assets and expects to complete the process in the near term. The company provided no timeline for resuming withdrawals or identifying ...

Fastest Growing RWAs (30d TVL Growth) - USDCV (Societe Generale) is among the fastest growing RWAs [1] - USCC (Superstate) shows significant growth [1] - MTBILL (Midas) demonstrates rapid growth [1] - XAUT (Tether) experiences notable growth [1] - USDG (Global Dollar Network) exhibits fast growth [1] - cUSD (Cap) is among the fastest growing RWAs [1] - deUSD (Elixir Protocol) shows significant growth [1] - Reserve Index (Reserve) demonstrates rapid growth [1] - JAAA (Centrifuge) experiences notable growth [1] - MF-ONE (Midas) exhibits fast growth [1] - thBILL (Theo) is among the fastest growing RWAs [1] - RLUSD (Ripple) shows significant growth [1] - PAXG (Paxos) demonstrates rapid growth [1] - USTB (Superstate) experiences notable growth [1] - WTGXX (WisdomTree) exhibits fast growth [1]

RT Token Terminal 📊 (@tokenterminal)Fastest growing RWAs, based on 30d TVL growth (%) 👇USDCV, Societe GeneralecUSD, CapUSCC, SuperstateMTBILL, MidasXAUT, TetherdeUSD, Elixir ProtocolUSDG, Global Dollar NetworkReserve Index, ReserveMF-ONE, MidasJAAA, CentrifugethBILL, TheoPAXG, PaxosPYUSD, PayPalFDIT, FidelityRLUSD, Ripple ...

RWAs Market Growth - Token Terminal 数据显示，基于 30 天 TVL 增长百分比，USDG 是增长最快的 RWA 之一 [1] - 其他快速增长的 RWA 包括 USDCV, cUSD, USCC, MTBILL, XAUT, deUSD, Reserve Index, MF-ONE, JAAA, thBILL, PAXG, PYUSD [1] Global Dollar Network (USDG) - USDG 的未偿供应量接近 10 亿美元 [1]

Fastest growing RWAs, based on 30d TVL growth (%) 👇USDCV, Societe GeneralecUSD, CapUSCC, SuperstateMTBILL, MidasXAUT, TetherdeUSD, Elixir ProtocolUSDG, Global Dollar NetworkReserve Index, ReserveMF-ONE, MidasJAAA, CentrifugethBILL, TheoPAXG, PaxosPYUSD, PayPalFDIT, FidelityRLUSD, Ripple ...

Elixir expands to Sui with fresh deUSD integrations on @suilendprotocol, @AlphaLendSui, @bluefinapp & @navi_protocol.Cross-chain stablecoin infrastructure keeps growing.Elixir (@elixir):Elixir is now live on @SuiNetworkThis marks a significant milestone in our mission to provide institution-friendly stable assets on every chain. Powered by @LayerZero_CoreCheck out deUSD's new integrations with four of Sui’s premiere DeFi applications ⤵️ https://t.co/dDwmgMN8sW ...