Can you verify Elixir deUSD (deUSD) reserves yourself?
deUSD was sunset by Elixir in November 2025 after the Stream Finance collapse impaired its backing, and Elixir's own docs state the token holds no value and warn against buying it, so this page is a wind-down record, not a live comparison.
Sunset. Elixir announced the wind-down of deUSD on November 6, 2025 after Stream Finance, which had been lent about $68M (roughly 65% of the collateral, per contemporaneous reporting), disclosed a $93M loss and halted withdrawals. Elixir's own docs now state that deUSD holds no value, has been sunset, and should not be bought, including through AMMs. Historically the backing was a delta-neutral wstETH-versus-short-ETH-perps trade plus sUSDS collateral, shown on Elixir's own dashboard with no independent reserve attestor; the Stream lending exposure was an off-chain private arrangement.
What you cannot verify yourself: Everything about recovery: the 1:1 USDC holder claims and the separate roughly 80% pro-rata lender recovery are off-chain, snapshot-based settlement processes run by Elixir, with the lender track requiring a legal release.
Hedge leg: Historically a delta-neutral ETH funding trade on off-chain venues; by late 2025 a majority of the collateral had instead been lent to Stream Finance through private arrangements.
deUSD (Elixir) is not USDe (Ethena) and not USDD (Tron). The residual token trades at effectively zero; Elixir's docs explicitly warn against buying it.
Issued by Elixir. "Partly attestor-required" describes the structure of the verification, not the quality of the issuer.
Run this on deUSD yourself, or get a signed record of it.
The read below is free and live. Or get a machine-signed, point-in-time read of this exact address in about two minutes, that anyone you forward it to can verify in three lines without trusting you. Because deUSD is not trading or operating normally, a signed read documents its on-chain state at a point in time, useful for records, books, or recovery claims, not for a purchase decision.
Signed on the page after you pay in USDC on Base: no email, no wait. It signs public on-chain bytes only (supply, decimals, and symbol at a block), not a solvency opinion and not a claim about who controls the address. Issuing a dollar of your own? The GENIUS-readiness kit is $999 setup then $99 a month. Not compliance and not an audit.
Live supply, and the command that reproduces it
What this read establishes: That about 92.15M deUSD and 20.37M sdeUSD still exist on-chain (July 1, 2026 read) and that DEX liquidity is dust; there is no backing left to verify on-chain. Around 80% of holders had been redeemed at the sunset announcement, and remaining direct holders were snapshotted for 1:1 USDC claims.
Reproduce the supply read yourself
cast call 0x15700b564ca08d9439c58ca5053166e8317aa138 "totalSupply()(uint256)" --rpc-url https://ethereum-rpc.publicnode.comcast call 0x15700b564ca08d9439c58ca5053166e8317aa138 "symbol()(string)" --rpc-url https://ethereum-rpc.publicnode.comPrefer curl? Show the raw JSON-RPC call
curl -s -X POST https://ethereum-rpc.publicnode.com -H 'content-type: application/json' --data '{"jsonrpc":"2.0","id":1,"method":"eth_call","params":[{"to":"0x15700b564ca08d9439c58ca5053166e8317aa138","data":"0x18160ddd"},"latest"]}'Live supply is read from the chain and cached hourly on this page; the command above is real-time. Always confirm you are reading the canonical contract address. A look-alike token can copy any name or symbol; only the address is identity.
Other synthetic delta-neutral tokens
Also: the reserve transparency scorecard, the Stablecoin Reserve Recomputation Report, every stablecoin we cover, or paste any address into the free tool.
Kerne is infrastructure and a service provider, not an auditor, a rating agency, a custodian, or an investment adviser. This page reads public on-chain data and names publicly disclosed transparency methods. It is not an audit, a solvency or credit opinion, a recommendation, or any form of investment, legal, tax, or accounting advice, and the appearance of deUSD is not an endorsement. Reserve-transparency descriptions are sourced from Elixir's public disclosures and, where the token is listed there, the Kerne synthetic-dollar scorecard, cross-verified June 29 to July 3, 2026; verify at the canonical sites. Kerne is not affiliated with Elixir or any attestor named here. Page reviewed 2026-07-03. Last updated July 3, 2026.