sdeUSD is the staked, yield-bearing form of deUSD, Elixir Network’s fully collateralised synthetic dollar backed by tokenised U.S.-Treasury bills and (ii) a delta-neutral ETH-perpetual funding-rate strategy run by Elixir. Staking deUSD for sdeUSD auto-compounds the blended yield, creating a resilient on-chain dollar. sdeUSD has been integrated into the Euler lending market on Avalanche.
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.
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