On November 8, 2025, Curve community member LlamaRisk proposed disabling all Elixir Market Gauges to address the impact of deUSD’s shutdown by Stream Finance, highlighting significant counterparty risks.
The swift devaluation of Elixir’s deUSD has led to liquidity concerns and scrutiny from regulators regarding synthetic asset stability. The price of deUSD dropped to 0.08 USD, reflecting a 36.11% decline in 24 hours.
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