Utility

After Elixir's mainnet launch, governance token holders will be able propose a vote in the governance forums to turn on protocol fees. If this proposal passes, holders of deUSD will be able to stake their deUSD to earn protocol revenue from funding yields and other deUSD collateral yields.

In addition, they can optionally choose to supply deUSD as liquidity across Elixir’s native integrations to earn those integrations' incentives. deUSD supplied as liquidity to partners will be excluded from trading pairs where the basis trade backing deUSD is run on that exchange, mitigating reflexivity risks.

Liquidity from users that stake deUSD will likely represent the majority of all onchain orderbook liquidity, with users being able to point their staked deUSD to any of Elixir's native integrations to be used as collateral for building orderbooks.

This creates composable liquidity that will bridge the gap between that of centralized exchanges and decentralized exchanges, while adding the ability for users to capture additional yields outside those natively generated by the synthetic dollar itself.