Elixir: deUSD is officially invalid, and the USDC compensation process will be initiated for all holders of deUSD and its derivatives

Elixir's official Twitter account announced that the stablecoin deUSD has officially been retired and no longer holds any value. The platform will initiate a USDC compensation process for all holders of deUSD and its derivatives (such as sdeUSD). The affected parties include collateral providers on lending platforms, AMM LPs, Pendle LPs, and others.

Elixir also warns users not to purchase or invest in deUSD through AMM or other channels.