ElixirAltar

Decentralized insights from the Cult and the latest in @Elixir DAO governance.

[Pendle @pendle_fi]

Update: Compensation for Pendle's sdeUSD Pool

In coordination with Elixir, Pendle will facilitate the distribution of USDC to users who held PT, YT, LP, or SY based on their compensation framework.

Elixir has set Block 23740895 (Ethereum) as the snapshot block, and USDC will be distributed proportionately based on USD value at this block:

🔹PT: Snapshot $ value of PT
🔹LP: Snapshot $ value of LP
🔹YT: Snapshot $ value of YT (accounting for price depreciation) + any unclaimed yield
🔹Naked SY: Snapshot $ value of SY

USDC will be claimable via Pendle Dashboard (Merkle) by 28 November 2025, and we will notify users once claims are ready to go live.

[Elixir @elixir]

The claim page is now live, access it via the link here: https://t.co/gd3KysZeAg

Only use this official claim link. Any other links are scams.

[Elixir @elixir]

Elixir has worked tirelessly over the previous 48 hours and has successfully processed redemptions of 80% of all deUSD holders thus far (not including Stream).

As it stands now, Stream holds roughly 90% of the deUSD supply (~$75m), while Elixir holds a similar proportion of its remaining backing as a Morpho loan to Stream.

All remaining holders of deUSD and sdeUSD will be able to redeem for a dollar.

To protect the interest of these holders (and remove any risk of Stream liquidating deUSD before repaying their loan), a snapshot has been taken of all remaining deUSD and sdeUSD holder balances, and a claim page will go live later today. These parties will be able to claim USDC.

As a part of this, the mint/redeem infrastructure has been turned off, and we will be sunsetting deUSD in the near future. Any affected LPs in AMM pools or lending markets will be able to claim the full value of their position.

Given that Stream comprised of 99%+ of the lending positions (and has decided to not repay or close positions), we will work with Euler, Morpho, Compound and the curators moving forward to help distribute repayment of the Stream loan to liquidate these positions. We still believe this will be honored 1 for 1.

We will follow up to this post later today with claim page information.

[Elixir @elixir]

During the past 24hrs we have heard concerns around Stream Finance' xUSD.

Elixir has full redemption rights at $1 with Stream for its lending position. We are the only creditor with these 1-1 rights.

deUSD remains fully backed and Elixir is beginning the process of unwinding its lending position to Stream, working with the team directly.

[Elixir @elixir]

Elixir is now live on @SuiNetwork

This marks a significant milestone in our mission to provide institution-friendly stable assets on every chain. Powered by @LayerZero_Core

Check out deUSD's new integrations with four of Sui’s premiere DeFi applications ⤵️

[Sui @SuiNetwork]

Elixir expands to Sui with fresh deUSD integrations on @suilendprotocol, @AlphaLendSui, @bluefinapp & @navi_protocol.

Cross-chain stablecoin infrastructure keeps growing.

[ElixirAltar @Elixir_Altar]

✍️

[Elixir Cultist @elixirintern]

🚨 Attention Cult
@WisdomTreeFunds ($133B+ in global AUM) is proposing a strategic integration with Elixir, starting with an allocation into their tokenized private credit fund, CRDT.
Intern read through it and got so bullish, had to break it down for the cult🧵

[ElixirAltar @Elixir_Altar]

RWA Lending Vaults on Morpho: sUSDS/ USDC

Introduction
Based on forum proposals from Gauntlet and MEV Capital (which passed governance roughly 5 months ago), we will shortly be launching dedicated sUSDS and USDC lending vaults on Morpho, enabling higher yields while unlocking liquid levered RWA strategies for endusers.

Notably, these vaults will NOT include sdeUSD (removing possible recursive re-hypothecation risks) and will lend to a select group of curated assets. As a part of this Elixir will lend to Stream Finance at a conservative LTV, as Elixir has negotiated a 1 for 1 backstop with their protocol. The protocol will run a segmented, lending-based portfolio separate from the rest of its assets with Elixir as the most senior lender and liquidator.

All RWA vaults will have very conservative LTVs, at a max of 86% LTV - except for deUSD markets (for those minting deUSD with RWAs at LTVs). Those will have a max of 91.5% LTV.

Rationale
Elixir powers instant liquidity for a handful of highly liquid, top RWAs. While Elixir can’t hold most senior private credit RWAs directly (without a $1 backstop, as in the case with F-ONE), Elixir has seen significant demand to borrow against its backing. Levered RWA strategies benefit from a private borrow rate, and the ability to liquidate. Morpho’s battle tested lending infrastructure enables Elixir to lend out sUSDS (or USDC) collateral, offering more competitive yields while furthering its vision of increasing onchain liquidity for institutional assets.

Elixir Benefits
🔸️Capital Efficiency: Leveraging existing sUSDS and USDC collateral allows more competitive yields through lending and borrowing demand.

🔸️Preferred Redemption Rights: Senior 1:1 redemption rights grant vault participants priority claims, increasing liquidity protections and user confidence.

🔸️Institutional-Grade Collaboration: Partnering with reputable lending teams drives better underwriting and portfolio diversification.

🔸️Strategic Innovation: This initiative advances Elixir’s mission to bridge DeFi composability with Real World Assets, expanding user opportunities.

Potential Risks
Credit Risk: Elixir cannot hold most RWAs directly (without a 1 for 1 backstop), as they carry inherent volatility. Elixir will only lend to these RWAs with the exception of F-ONE (where Elixir has a 1-1 backstop), and all future potential assets will require significant future due diligence and analysis.

Market Volatility: Liquidation risks may arise if sUSDS or USDC prices fluctuate significantly against vault assumptions.

Operational Risk: Segmented portfolios and multiple lending teams increase operational complexity requiring robust oversight.

Liquidity Risk: Even with senior redemption rights, liquidity could be constrained during extreme market stress.

Smart Contract Risk: Reliance on Morpho’s contracts entails increased exposure to smart contract exploits.

@jeezyhowyoudoin @elixir

[Philip Forte @0xPhilip]

@feedmycat69 @Kr4nkk @cole0x this is accurate, Cole’s employment was terminated ~6 months ago. we have no association with him and his actions aren’t representative of our company

[ElixirAltar @Elixir_Altar]

Proposal: Elixir Integration and Allocation Into WisdomTree CRDT, A Private Credit and Alternative Income Fund

Author
WisdomTree @WisdomTreeFunds

Summary
This proposal focuses on a potential allocation of assets by Elixir into the WisdomTree Private Credit and Alternative Income Digital Fund (token ticker: CRDT; fund ticker: CRDYX), while also describing potential future initiatives of WisdomTree related to the Elixir ecosystem. CRDT offers a potentially attractive return/risk profile for Elixir, increasing real-world asset exposure while providing daily liquidity (T+0 on subscriptions and T+2 on redemptions) and maintaining treasury flexibility. As a follow up to this initial allocation, WisdomTree plans to explore operational compatibility with deUSD across supported chains, which Elixir could use in its own workflows for potentially faster minting and redemption capabilities, to the extent consistent with applicable regulatory considerations. 24/7 Peer-to-peer transferability is enabled by WisdomTree’s soulbound NFT identity feature - further differentiating CRDT from traditional private credit funds with 30-60+ day redemption timelines. By allocating to the fund, Elixir gets access to higher yield potential through a diversified exposure to private credit with daily liquidity, while investors in CRDT could potentially benefit over time from greater DeFi interoperability and redemption proceeds conversion options (i.e., liquidity) through deUSD.
https://t.co/u3LThq0c5O

Proposal Details
General Overview:
Elixir invests in WisdomTree’s CRDT as a reserve asset backing deUSD. After the initial allocation, WisdomTree will evaluate and work towards integrating deUSD as an asset for our Stablecoin Conversion Service for subscriptions and redemptions, which already accepts USDC and PYUSD for on/off ramps. Elixir allocating into CRDT as a reserve investment, followed by potential compatibility enhancements for Elixir’s stablecoin, deUSD, is seeking enhanced mint and redemption conversion optionality for shareholders of the tokenized fund, which may unlock liquidity and greater lend/borrow compatibility in the Elixir ecosystem. By allocating a portion of deUSD’s reserves to CRDT, the potential for a strong return profile could also exist for staked deUSD holders.

Future Roadmap:
WisdomTree has actively engaged with the Elixir team to fully understand the priorities and any concerns of large deUSD holders. We have the capability to build enhancements and integrations to support Elixir’s overall ecosystem including:

1. We are focused on expanding mint and redeem optionality for our institutional platform via our Stablecoin Conversion Service. We are working with the Elixir team to explore scoping a deUSD integration for on/off ramps for our tokenized funds.

2. We are also currently exploring future solutions to enhance the ability of CRDT’s shareholders to potential interact with DeFi, such as through Elixir’s: (1) Protocol for mint and redeem capabilities via deUSD for CRDT token holders (2) 24/7 funding and redemption request processing through deUSD (subject to stablecoin conversion and applicable order/settlement times).

3. To enhance our order flow process, we are launching “On Receipt,” a new way to purchase and redeem shares of our tokenized funds. After establishing standing instructions in WisdomTree Connect, investors can initiate activity directly onchain by sending stablecoins or fund tokens from their whitelisted wallets to a designated WisdomTree wallet. The corresponding order is then executed through WisdomTree Connect, ensuring the same order execution process while delivering a smoother onchain experience. This enhancement enables more seamless integrations for onchain order flows.

4. In addition to the solutions and products detailed above, WisdomTree, through applicable global subsidiaries, has the ability to deliver customized asset allocation guidance and direct access to our research and expertise to meet the community’s specific investment objectives. Our Global Research Team and Chief Investment Office focus on four areas: product development, investment research, model portfolio management across various asset classes (equities, fixed income, alternatives, crypto), and strategic asset allocation. We can design and actively manage investment strategies that align with the community’s specific needs.

Key Parties:
WisdomTree, Inc is the ultimate parent company of the WisdomTree-named entities below.
● Investment Adviser: WisdomTree Digital Management, Inc. (“Adviser”)
The Adviser serves as the investment adviser to the Fund. The Adviser is a Delaware corporation registered with the SEC as an investment adviser under the Investment Advisers Act of 1940 “Advisers Act”). The Adviser is responsible for the overall general management and administration of the Fund.
WisdomTree Digital Management provides an investment program for the Fund. The Adviser also provides proactive oversight of the Sub-Adviser, daily monitoring of the Sub-Adviser’s buying and selling of securities for the Fund, and regular review of the Sub-Adviser’s performance. In addition, the Adviser arranges for, and oversees, sub-advisory, transfer agency, custody, fund administration, securities lending, and all other non-distribution-related services necessary for the Fund to operate.

● Sub-Adviser: Mellon Investments Corporation (“Mellon” or the “Sub-Adviser”)
Mellon Investments Corporation (“Mellon” or the “Sub-Adviser”) is responsible for the day-to-day management of the Fund. The Sub-Adviser, registered with the SEC as an investment adviser under the Advisers Act, is a leading innovator in the investment industry and manages global quantitative-based investment strategies for institutional and private investors. Its principal office is located at 500 Ross Street, Pittsburgh, Pennsylvania 15258. As of March 31, 2025, the Sub-Adviser had assets under management totaling approximately $902 billion. The Sub-Adviser is an independently operated indirect subsidiary of The Bank of New York Mellon Corporation, a publicly traded financial holding company. The Sub-Adviser chooses the Fund’s portfolio investments and places orders to buy and sell the portfolio investments. WisdomTree Digital Management pays the Sub-Adviser for providing sub-advisory services to the Fund.

● Administrator and Custodian: Bank of New York Mellon (“BNY”)
BNY provides certain administrative, legal, tax, and financial reporting services for the maintenance and operations of the Fund as well as acts as custodian of the assets of the Fund. BNY is required, upon the order of the Fund, to deliver securities held by BNY and to make payments for securities purchased for the Fund.

● Transfer Agent: WisdomTree Transfers, Inc. (“Transfer Agent”)
WisdomTree Transfers acts as transfer agent for the authorized and issued shares of beneficial interest for the Fund and as dividend disbursing agent of the Fund. The Transfer Agent is SEC-registered and maintains the official record of share ownership in book-entry form. Under WisdomTree Transfer’s integrated recordkeeping system, the on-chain record is aligned with book-entry records maintained by WisdomTree Transfers.

● Auditor: Ernst & Young LLP (“EY”)
EY is one of the world’s largest accounting firms, providing global tax, audit, and advisory services to thousands of clients. EY services as the independent registered public accounting firm for the Fund.

● Distributor in the U.S.: Foreside Fund Services, LLC (the “Distributor”)
The Distributor has entered into a Distribution Agreement with the Trust pursuant to which it distributes shares of the Fund.

@elixir

[Elixir @elixir]

Tune into @0xundefined_'s interview with @0xPhilip as he shares insights on Elixir's strategy, partnerships, and expansion.

Full interview here ⤵️

[Elixir @elixir]

As mentioned earlier, Elixir will soon no longer host deUSD conversions for elxETH depositors, and will open a deUSD claim page for these LPs

If you’ve committed to convert to deUSD with elxETH, please do so asap

More info can be found on our blog in the coming days

[ElixirAltar @Elixir_Altar]

eulder-sdeUSD proposal from spectra
https://t.co/DvoZr8Qz70

Simple summary:
By creating a gauge for esdeUSD, Spectra strategically aligns itself with K3 Capital and allows liquidity to be refactored and possibly opens up long-tail DeFi strategy vectors such PT-Looping utilizing the Euler lending market.

What should cult do?
Nothing yet. It’s basically a vibe check and an internal proposal within Spectra for DeFi strategies. Give it a nod after taking a look, and look forward to the DeFi looping to come.

The-Altar @elixir

[ElixirAltar @Elixir_Altar]

@elixir Elixir makes RWAs liquid.

[Elixir @elixir]

Instant settlement. Full composability. Institutional access.

Elixir makes RWAs liquid.

[Mystic Finance @mystic_finance]

New Asset Listing: @elixir sdeUSD is now live on Mystic!
A yield-bearing stablecoin currently with 5.22% APY

You can now use it as collateral to borrow from the Mystic MEV Capital pUSD Vault and the Re7 pUSD Vault

▫️Borrow pUSD against your sdeUSD
▫️Loop up to 5x+ | 91.5% LLTV

[Aura @AuraFinance]

The deUSD | sdeUSD pool on Aura is earning 58% vAPR‼️

deUSD is @Elixir’s synthetic dollar; sdeUSD is the staked form that pays native yield. Utilizing a @GyroStable E-CLP and AURA incentives, Elixir is able to lock in deep liquidity, tailored to their protocol’s needs.

https://t.co/LJGmoXNHEp

[ElixirAltar @Elixir_Altar]

Proposal by @Securitize: Integration of deUSD into SCOPE Fund & Enabling Elixir Instant Settlement Infrastructure

As recently announced, HLSCOPE, @hamilton_lane the Hamilton Lane Senior Credit Opportunities Securitize Fund, will be allocating up to 5% of their respective RWA allocations into deUSD to improve the liquidity profile for the assets.

This strategic allocation will embed deUSD as a stable onchain settlement asset for this institutional-grade fund, demonstrating the growing trust and adoption of stable reserves in regulated private credit strategies.

This integration enhances liquidity and provides yield opportunities for deUSD holders by embedding deUSD as the native settlement asset across regulated tokenized credit funds.

As a part of this initiative, Securitize requests the creation of a 24/7 mint and redemption facility of these tokenized funds, powered by the @elixir Elixir Network. The goal of this would be to enable seamless (and near-instant) mints and redemptions of tokenized funds with stablecoins, across blockchains.

Elixir @elixir would process instant liquidity for HLSCOPE via deUSD - holding floating balances of each fund as part of deUSD’s collateral backing. This would enable holders to bypass the traditional T+2 settlement via wire transfer. Given the strong return profile of these assets, deUSD holders also stand to benefit via higher yields
https://t.co/qkjzCBr1fG

Proposal’s Key Points
🔸️ HLSCOPE will each directly allocate up to 5% into deUSD to bolster liquidity

🔸️ As part of a broader collaboration in Securitize’s cross-chain tokenized funds network, Elixir plays a key role as a preferred settlement layer for HLSCOPE.

🔸️ Securitize proposes Elixir hold floating balance of HLSCOPE (per Gauntlet due diligence and aligned with its collateralization framework, at a conservative LTV), used to power this facility.

Next Steps
🔸️ Explore and prepare operational procedures for mint/redeem processes with deUSD across supported chains

🔸️ Coordinate with Elixir to whitelist HLSCOPE as approved collateral types within deUSD’s backing to power this facility

🔸️ Finalize technical integrations to support mint/redeem settlement flows for HLSCOPE fund via Elixir

Specific Asks to the DAO
We are formally requesting that the Elixir DAO:

▪️Begins the Gauntlet DD process for adding HLSCOPE as eligible collateral backing

▪️Build out support for the implementation of Elixir as the preferred settlement network for 24/7 mint/redeem of tokenized Securitize funds cross-chain, using deUSD as the currency

We welcome community feedback during the discussion period and look forward to collaboratively enabling real-time settlement for institutional tokenized credit.

Timeline
▪️ 7-day discussion period on this forum post to gather feedback and community input

▪️ 3-day temperature check vote on https://t.co/3qqILcs3VR

[Elixir @elixir]

Elixir is excited to announce that @Hamilton_Lane SCOPE will hold deUSD, at 5% of the fund's total AUM

Elixir's network will enable 24/7 default atomic liquidity for the fund

[ElixirAltar @Elixir_Altar]

Instant liquidity for the institutional onchain economy🫰

[Elixir @elixir]

Instant liquidity for the institutional onchain economy.

Next week.