Elixir: Redemptions for 80% of deUSD holders have been completed in the past 48 hours.

PANews reported on November 6th that Elixir announced on its X platform that it has successfully redeemed 80% of deUSD holders (excluding Stream) in the past 48 hours. Currently, Stream holds approximately 90% of the deUSD supply (approximately $75 million), while Elixir holds a similar proportion of the remaining collateral through Morpho loans provided to Stream. The remaining deUSD and sdeUSD holders can redeem their holdings at a price of $1. To protect the rights of these holders and avoid the risk of Stream liquidating deUSD before repaying its loans, Elixir has taken a snapshot of the balances of all relevant holders. The redemption claim page will go live later today, at which time holders can claim USDC. For this purpose, the minting and redemption infrastructure has been suspended, and deUSD will be gradually phased out of the market. Affected AMM pools or lending market LPs can claim the full value of their positions. Given that Stream accounts for over 99% of the lending positions and has decided not to repay or to liquidate them, Elixir will share repayment funds with partners such as Euler, Morpho, and Compound to liquidate these positions, and firmly believes that a 1:1 repayment can be achieved. Detailed information on the application page will be released later.