Elixir: 80% of deUSD redemptions have been successfully processed. Today, the claims page information will be provided.

On November 7th, the DeFi liquidity protocol Elixir declared that within the past 48 hours, it has successfully completed redemptions for 80% of the deUSD holders up to now (excluding Stream). Currently, Stream holds approximately 90% of the deUSD supply (around $75 million), and a similar proportion of the remaining assets held by Elixir is in the form of a Morpho loan to Stream. All the remaining deUSD and sdeUSD holders will be able to redeem at a pegged value of one US dollar. In order to protect the interests of the holders and eliminate any risk of Stream liquidating deUSD before repaying the loan, Elixir has taken a snapshot of all the remaining deUSD and sdeUSD holder balances and will launch a claiming page later today. Through this page, these holders will be able to claim USDC. As part of this process, the mint/redeem infrastructure has been disabled, and deUSD will be gradually phased out in the near future. Any affected LP in AMM pools or lending markets will be able to claim the full value of their positions. Given that Stream holds over 99% of the lending positions (and has decided not to repay or close positions), Elixir will collaborate with Euler, Morpho, Compound, and other parties to facilitate the repayment allocation for Stream loans to liquidate these positions. It is still believed that redemptions will be honored at a 1:1 ratio, and information about the claiming page will be provided later today.