[New Listing] SorooshX Will List Elixir (ELXUSDT) for Spot Trading

We are excited to announce the upcoming listing of Elixir (ELX) for spot trading. Check out the details below:

 

Trading Available: 7 March 2025, 10:00 (UTC)

Trading Pair: ELX/USDT

 

Project Overview

 

Elixir is a blockchain initiative centered around decentralized finance (DeFi) and liquidity solutions. Its goal is to enhance liquidity support for decentralized exchanges (DEXs), boasting a total value locked (TVL) that surpasses $300 million. The project has also launched a synthetic stablecoin, deUSD, which ensures stability through a "delta-neutral strategy" while capitalizing on yield from funding rates.

deUSD functions as a yield-generating stablecoin, deriving returns from two main sources:

1. Income from traditional assets, including U.S. Treasury bonds.
2. Yield obtained from funding rates, akin to USDe from Ethena.

 

Contract Address (ERC20):

 

0x89A8c847f41C0dfA6c8B88638bACca8a0b777Da7

Website | X | Telegram


 

Disclaimer

Investing in cryptocurrencies carries substantial risk and volatility, even with their high growth potential. Users are strongly encouraged to conduct thorough research before making any investment decisions. Thank you for being a part of the SorooshX community!