What is Elixir deUSD
deUSD ("decentralized US Dollar") is a fully collateralized synthetic dollar powered by the Elixir Network. Minted by stETH and sDAI, deposited collateral will be used to short ETH, creating a delta neutral position.
Through leveraging this funding rate basis trade on Ethereum, the Elixir network creates a synthetic dollar capturing positive funding rates. Even in a negative funding rate environment however, deUSD is built to be resilient.
Elixir deUSD vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, DEUSD would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of DEUSD might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including DEUSD.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.