(Upcoming) Decentralized Exchange Execution

deUSD enables a trustless and decentralized future for money. In the coming months, Elixir will introduce deUSD in an end-to-end decentralized environment. This includes permissionless mints/redeems, fully on-chain/decentralized custody, decentralized execution via the Elixir Network, and backing trades taking place on decentralized venues.

• At this time, Elixir Network has native integrations live with some of the largest orderbook based DEXs in the space including Vertex, RabbitX, BlueFin, and Orderly. We are in the process of launching native integrations with dYdX, ApeX, Hyperliquid, Synthetix, SynFutures, Aevo, and others. deUSD will be used to create a boom in orderbook liquidity on these venues.

• Decentralization of minting/redeeming, enabling any user to mint deUSD (with the network instantly dollarizing their collateral) or redeem their underlying collateral (with the network instantly unwinding the hedged trade).

• Custody will be smart-contract based and fully decentralized

• Hedging trades will be entirely run on decentralized venues

• Execution of collateral, hedge unwinding, and minting/redeeming is already currently handled by the Elixir Network

This entire flow is expected to be fully live in the coming months.