🚀 Suilend Restores Withdrawal Function After Elixir Team Repays Debt
#Suilend #Elixir #USDC #debt #withdrawal #lendingprotocol #ecosystem #StreamFinance #deUSD #cryptonews #Xplatform
According to Odaily, the Sui ecosystem lending protocol, Suilend, announced on the X platform that the Elixir team has fully repaid its USDC debt. Consequently, the previously suspended withdrawal function in the isolated lending market has been restored. Suilend had been closely monitoring the significant loss issue faced by Stream Finance, which reportedly involved a $93 million exposure, primarily linked to Elixir's deUSD.#Suilend #Elixir #USDC #debt #withdrawal #lendingprotocol #ecosystem #StreamFinance #deUSD #cryptonews #Xplatform
🚀 Stablecoins Experience Significant Outflows Amid Liquidity Crisis
#Stablecoins #Outflows #LiquidityCrisis #BlockBeats #Stablewatch #UST #xUSD #StreamFinance #Coinshift #csUSDL #Elixir #deUSD #sdeUSD #TotalValueLocked #CryptoMarket
According to BlockBeats, data from Stablewatch indicates that stablecoins have faced their largest outflow since the collapse of UST in 2022, with a total of $1 billion exiting the market over the past week. Stream Finance's xUSD was directly impacted, suffering a $93 million asset loss, leading to its value dropping to zero. Coinshift's csUSDL saw a 95% decline in total value locked, leaving only $1.92 million. Additionally, Elixir's stablecoins, deUSD and sdeUSD, are experiencing simultaneous liquidity challenges.#Stablecoins #Outflows #LiquidityCrisis #BlockBeats #Stablewatch #UST #xUSD #StreamFinance #Coinshift #csUSDL #Elixir #deUSD #sdeUSD #TotalValueLocked #CryptoMarket
🚀 Elixir deUSD Experiences Significant Devaluation
#Elixir #deUSD #Devaluation #CMC #USDT #ForesightNews #Cryptocurrency #MarketDecline
According to Foresight News, data from CMC indicates that Elixir deUSD has significantly devalued, dropping to 0.14 USDT. This marks a 24-hour decline of 85.35%.#Elixir #deUSD #Devaluation #CMC #USDT #ForesightNews #Cryptocurrency #MarketDecline
🚀 Curve Community Proposes Disabling Elixir Market Gauges
#Curve #Elixir #DeFi #CRV #LlamaRisk #deUSD #sdeUSD #StreamFinance #CryptoProposal
According to BlockBeats, the Curve community's LlamaRisk has proposed a measure to disable all Elixir market gauges. The proposal suggests that shutting down these pool gauges would prevent CRV emissions from flowing into the corresponding emission pools.
The proposal highlights that the DeFi protocol Elixir, which is behind the synthetic stablecoin deUSD and its staked derivative sdeUSD, officially ceased issuing and canceling these tokens between November 6 and 7, 2025. This decision was primarily due to the collapse of its main trading partner, Stream Finance.#Curve #Elixir #DeFi #CRV #LlamaRisk #deUSD #sdeUSD #StreamFinance #CryptoProposal
🚀 Morpho USDC Vault Faces Challenges After Elixir Asset Removal
#Morpho #USDC #Vault #MEVCapital #Elixir #sdeUSD #baddebt #Ethereum #stablecoin #deUSD #compensation #AMM #Pendle #liquidity
According to Odaily, MEV Capital has provided an update on the operations of the Morpho USDC vault on the X platform. The Ethereum-based vault has removed the sdeUSD/USDC trading pair associated with Elixir, resulting in bad debt equivalent to approximately 3.6% of the vault's total locked value (TVL) at the time. The vault no longer holds any Elixir assets, while other markets and parameters remain unchanged. MEV Capital continues to collaborate with relevant parties to address issues faced by Elixir creditors.
Previously, Elixir announced the retirement of its stablecoin deUSD, declaring it to have no value. A compensation process using USDC has been initiated for holders of deUSD and its derivatives, such as sdeUSD. The affected parties include borrowers on lending platforms, AMM liquidity providers, and Pendle liquidity providers.#Morpho #USDC #Vault #MEVCapital #Elixir #sdeUSD #baddebt #Ethereum #stablecoin #deUSD #compensation #AMM #Pendle #liquidity