Home/DeFi/@elixir

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Score · neutral

Scored 1mo ago · may be stale

@elixir

Elixir

Elixir is a protocol providing institutional-grade liquidity infrastructure for RWAs, centered around deUSD (a yield-bearing decentralized stablecoin) and sdeUSD. The project has integrations with major DeFi protocols (Compound, Pendle, Avalanche, Sui, Sei) and partnerships with traditional finance institutions (BlackRock, Hamilton Lane, Apollo). However, recent tweets reveal a significant crisis involving Stream Finance's xUSD exposure (~$75M), with Elixir managing redemptions and unwinding positions, indicating operational stress despite claiming full backing.

𝕏 @elixir ↗ t.coDeFineutral🔇 quiet 189d

AI Analysisneutral

Confidence

75%

Elixir is a protocol providing institutional-grade liquidity infrastructure for RWAs, centered around deUSD (a yield-bearing decentralized stablecoin) and sdeUSD.

The project has integrations with major DeFi protocols (Compound, Pendle, Avalanche, Sui, Sei) and partnerships with traditional finance institutions (BlackRock, Hamilton Lane, Apollo).

However, recent tweets reveal a significant crisis involving Stream Finance's xUSD exposure (~$75M), with Elixir managing redemptions and unwinding positions, indicating operational stress despite claiming full backing.

Green flags: Real integrations with established DeFi protocols (Compound, Pendle, Avalanche, Sui) · Partnerships with major TradFi institutions (BlackRock, Hamilton Lane, Apollo) for RWA backing · Working product with live mainnet deployments across multiple chains (Sui, Sei, Avalanche) · Technical substance around institutional liquidity infrastructure for RWAs

Red flags: Already established: 90k+ followers, 3+ year old account (created Feb 2022), well-known in DeFi stablecoin space · Major operational crisis visible in recent tweets (Stream Finance exposure, emergency redemptions, unwinding $75M positions) · Protocol appears to be sunsetting deUSD and handing control to community per Nov 2025 tweets · Crisis management mode contradicts 'institutional-grade' positioning

Token

$deUSD · announced

Chain

multi-chain (Sui, Sei, Avalanche, Ethereum)

Stage

mainnet+live

Category

stablecoin / RWA liquidity

Recent tweetsSee all on 𝕏 →

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: https://t.co/7InUWHlbWt For any issues, please open a ticket in our Discord. Please check the page as soon as possible as claims will only be available for a limited time.

6mo ago♥ 59💬 22🔁 10

Claims contracts 2 and 3 are now live. Holders of sdeUSD and deUSD unrelated to Stream can redeem USDC 1-1 here: https://t.co/W5yrinuETo 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 a new firmware release - all validators above the min stake/delegation threshold will continue to earn protocol emissions. Elixir will continue exploring all legal remedies to liquidate Stream’s positions on lending markets through a repayment from Stream. We will keep the community informed of updates.

9mo ago♥ 84💬 63🔁 12

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 remaining backing as a Morpho loan to Stream. All remaining holders of deUSD and sdeUSD will be able to redeem for a dollar. To protect the interest of these holders (and remove any risk of Stream liquidating deUSD before repaying their loan), a snapshot has been taken of all remaining deUSD and sdeUSD holder balances, and a claim page will go live later today. These parties will be able to claim USDC. As a part of this, the mint/redeem infrastructure has been turned off, and we will be sunsetting deUSD in the near future. Any affected LPs in AMM pools or lending markets will be able to claim the full value of their position. Given that Stream comprised of 99%+ of the lending positions (and has decided to not repay or close positions), we will work with Euler, Morpho, Compound and the curators moving forward to help distribute repayment of the Stream loan to liquidate these positions. We still believe this will be honored 1 for 1. We will follow up to this post later today with claim page information.

10mo ago♥ 293💬 71🔁 42

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 its lending position to Stream, working with the team directly.

10mo ago♥ 177💬 37🔁 14

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: https://t.co/r6NHkDCPGM https://t.co/dUy6Ga3M1h

11mo ago♥ 99💬 17🔁 28

Signal Timeline

PO

@PowerHasheur followed

BFirst discovered·1mo ago

Score breakdown0–100

🎯Scout conviction

+20 / 35

📚Scout consensus

0 / 10

🪪Profile & earliness

+10 / 20

✍️Substance

+10 / 20

🤖AI verdict

+7.2 / 30

⚠️Penalties

-24 / 40

23

Below threshold (74)
Watching for additional signals.

Followers

90.9K

Account age

4.7y

Scouts

1

First seen

1mo ago