Elixir: Successfully processed 80% of deUSD redemptions, will provide claim page information today.

On November 7, the DeFi liquidity protocol Elixir stated that it has successfully processed 80% of deUSD holders' redemptions in the past 48 hours (excluding Stream). Currently, Stream holds about 90% of the deUSD supply (approximately 75 million USD), while a similar proportion of the remaining endorsing assets held by Elixir exists in the form of Morpho loans to Stream. All remaining deUSD and sdeUSD holders will be able to redeem at a one dollar peg value. To protect the interests of holders and eliminate any risks of Stream liquidating deUSD before repaying the loan, Elixir has taken a snapshot of all remaining deUSD and sdeUSD holders' balances, and a claim page will be launched later today where these holders will be able to claim USDC. As part of this process, the minting/redeeming infrastructure has been shut down, and deUSD will be gradually phased out in the near future. Any affected LPs in AMM pools or lending markets will be able to claim the full value of their positions. Given that Stream accounts for 99%+ of borrowing positions (and has decided not to repay or close positions), Elixir will work with Euler, Morpho, Compound, and others to facilitate the repayment distribution of Stream loans to liquidate these positions. It is still believed that a 1:1 redemption will be honored, with claim page information provided later today.