Elixir Staked deUSD Information

Elixir Staked deUSD is emerging as a promising innovation in the decentralized finance landscape, allowing users to earn passive income through staking. By leveraging the stability of a dollar-pegged asset, it aims to offer a reliable alternative for both investors and those seeking to participate in DeFi. As the ecosystem evolves, Elixir Staked deUSD may play a significant role in enhancing liquidity and fostering community-driven initiatives.

Elixir Staked deUSD

$1.02

Title : Elixir Staked deUSD
Symbol : sdeusd
Current Price $ : 1.019 $
High 24h : 1.025 $
Low 24h : 0.956438 $
Price Change 24h : 0.01863097 $
Price Change % 24h : 1.863 %
Market Cap : 145744735
Website : https://www.elixir.xyz/deusd
Total Volume : 13565.2
Market Cap Change 24h : -3564724.4150018
Market Cap Change % 24h : -2.38747 %
Circulating Supply : 142940737.95109
Total Supply : 142941162.69613
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 1.13
ATH Change % : -9.5734 %
ATH Date : 2024-12-18 19:00
All Time Low (ATL) : 0.593515
ATL Change % : 71.75569 %
ATL Date : 2025-01-18 16:22

more information

Understanding Elixir Staked deUSD: A Unique Stablecoin

Elixir Staked deUSD, symbolized as sdeusd, represents a significant innovation in the realm of stablecoins. With a current price slightly above $1, it aims to provide a stable and reliable medium of exchange while offering unique features that distinguish it from traditional fiat currencies. This article delves into its past performance, advantages, disadvantages, and what the future may hold for this intriguing cryptocurrency.

Historical Overview of Elixir Staked deUSD

Launched amidst a burgeoning decentralized finance (DeFi) landscape, Elixir Staked deUSD sought to create a stable yet flexible payment solution. Over time, it has experienced fluctuations, mirroring trends within the broader cryptocurrency market. Its all-time high (ATH) was recorded recently at $1.13, while its all-time low (ATL) dropped to $0.982732. This relatively narrow trading range reflects its stability, which is essential for a stablecoin.

Advantages of Elixir Staked deUSD

One of the primary advantages of Elixir Staked deUSD is its design as a staked stablecoin. This means users have the opportunity to earn rewards on their holdings through staking. The market capitalization of approximately $151 million highlights its growing adoption and trust among users. The stable nature of the coin, pegged closely to the US dollar, allows for seamless transactions, making it an appealing option for those looking to mitigate the volatility typically associated with cryptocurrencies.

Moreover, Elixir Staked deUSD can be integrated into various DeFi protocols, thereby providing users with multiple avenues for earning interest and other rewards on their assets. As DeFi continues to flourish, this integration is likely to enhance the coin's utility and value proposition.

Challenges and Disadvantages

Despite its benefits, Elixir Staked deUSD faces inherent challenges characteristic of the cryptocurrency market. Price fluctuations, while generally mild compared to other coins, can still present risks to users. Recent statistics show a price change of just over 0.08% in a 24-hour period, indicating a relatively stable market. However, external factors such as regulatory actions against cryptocurrencies could potentially impact its future stability.

Furthermore, as a staked token, liquidity risks can arise. Users who stake their tokens to earn rewards may find it challenging to withdraw or utilize their assets in times of market volatility. This could potentially lead to missed opportunities or losses if investors need quick access to their funds.

Future Prospects of Elixir Staked deUSD

The prospects for Elixir Staked deUSD appear positive, driven by the continuous growth of the DeFi space and the increasing demand for stablecoins. As more platforms begin to accept staked tokens, Elixir could see expanded use cases, further solidifying its position in a competitive market. Moreover, with ongoing advancements in blockchain technology and smart contracts, the opportunities for enhancing the functionality of sdeusd are vast.

Developments and partnerships within the broader cryptocurrency ecosystem will also play a critical role in shaping the coin's future. As the project continues to innovate and adapt to market demands, it may not only retain its stability but also enhance its value, ultimately appealing to a broader audience.

Conclusion

In summary, Elixir Staked deUSD presents an interesting option for investors and users seeking a stable digital asset. While it has exhibited commendable stability and utility within the DeFi sector, potential challenges must be navigated. As the cryptocurrency landscape evolves, the success of Elixir Staked deUSD will largely depend on its ability to adapt and capture the interests of users in a dynamically changing market.

General Information
from price $1
Title Elixir Staked deUSD
Symbol sdeusd
Whitepaper -
Website https://www.elixir.xyz/deusd
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 1.019 $
High 24h 1.025 $
Low 24h 0.956438 $
Price Change 24h 0.01863097 $
Price Change % 24h 1.863 %

Market Data
Market Cap 145744735
Total Volume 13565.2
Market Cap Change 24h -3564724.4150018
Market Cap Change % 24h -2.38747 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 142940737.95109
Total Supply 142941162.69613
Max Supply -

Historical Data
All Time High (ATH) 1.13
ATH Change % -9.5734 %
ATH Date 2024-12-18 19:00
All Time Low (ATL) 0.593515
ATL Change % 71.75569 %
ATL Date 2025-01-18 16:22