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. Do not trust the issuer, and do not trust us. This page reads deUSD's live supply straight from the chain and shows you, honestly, where verification ends and trust begins.
Issued by Elixir. It is not an audit, a rating, or a solvency opinion, and deUSD appearing here is not an endorsement. "Partly attestor-required" describes the structure of the verification, not the quality of the issuer.
The part you can always verify: live supply
Total supply is a contract function anyone can call. Below is deUSD read live from the chain, with the exact command to reproduce it. This is the one number you never have to take on faith.
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.
The harder question: can you verify deUSD's reserves?
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.
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.
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.
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.
The posture shown on this page describes how deUSD's verification was structured while it operated. 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.
See how deUSD sits next to the rest of the field on the reserve transparency scorecard, or run this same read on any other token with Verify Any Stablecoin.
Common questions about deUSD
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. 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. 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. On-chain supply is something you can always read yourself; the reserves are where the trust boundary sits, and this page shows exactly where.
Does deUSD rely on a third-party attestor for its reserves?
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. No third-party reserve attestor was in the picture. What remains checkable today is on-chain: 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.
Which deUSD contract is canonical, and how do I confirm I have the right one?
deUSD is a synthetic delta-neutral token issued by Elixir at 0x15700b564ca08d9439c58ca5053166e8317aa138 on Ethereum. A look-alike token can copy any name or symbol, so only the address is identity: confirm you are reading the canonical contract above before trusting any supply or reserve figure. 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.
Run this on deUSD yourself, or get a signed record of it.
The check above is free and live. Paste deUSD's address into the free tool to read it interactively, 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 sunset or paused, a signed read here documents its residual on-chain state, useful for records or recovery claims, not for a purchase decision.
The $29 read is signed instantly 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.
Other synthetic delta-neutral tokens
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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 1, 2026; verify at the canonical sites. Kerne is not affiliated with Elixir or any attestor named here. Page reviewed 2026-07-01. Last updated July 1, 2026.