Elixir is excited to announce its expansion to Sui, marking a significant milestone in our mission to provide yield-bearing, institutional-backed stablecoins across every chain.

This expansion introduces deUSD to one of the fastest, most scalable Layer 1 ecosystems built for mass adoption. Sui offers the ideal foundation for Elixir’s yield-bearing stablecoin deUSD to power liquidity for DeFi and RWAs, unlocking new strategies at scale for the onchain economy.

Integrations: Bluefin, Alphalend, Suilend & Navi

As part of our launch on Sui, we’re excited to announce integrations for deUSD and sdeUSD with four of Sui’s premier DeFi powerhouses:

bluefin.io | alphalend.xyz | suilend.fi | naviprotocol.io

Live today

At launch, Bluefin opens up Spot pools with ultra-deep liquidity for LP creation and frictionless trading, alongside AlphaLend markets that enable lending and borrowing vaults for stable yield on LP positions.

With this launch, AlphaLend leveraged yield farming vaults open for looping LP tokens to maximise capital efficiency.

Elixir is also happy to announce that deUSD is now available on SuiLend, Sui's leading DeFi Suite, allowing users to access borrow liquidity and earn yield through lending.

Additionally, STEAMM, SuiLend’s own AMM, and Navi Protocol join the fold for additional borrowing and lending opportunities.

These integrations establish strong utility for deUSD from day one, ensuring robust liquidity and adoption within the Sui ecosystem.

Coming up

Structured vault products from Bluefin and AlphaFi are just around the corner. These one-click vaults take deUSD, automatically create a Bluefin LP position, use that position as collateral in lending markets, and then loop it to maximise capital efficiency.

LayerZero

deUSD is launching on Sui through LayerZero’s infrastructure, leveraging the Omnichain Fungible Token (OFT) standard.

This allows users to deposit collateral on any connected chain and mint deUSD natively on Sui. Cross-chain transfers happen with zero slippage, so liquidity moves seamlessly into the Sui ecosystem without fragmentation.

Why Sui?

Sui delivers speed, security, and unique architecture designed for real-world applications. Its growing ecosystem of developers and financial applications aligns with Elixir’s vision for the future.

By expanding deUSD to Sui, we’re not only expanding our network presence but also allowing Sui’s ecosystem of users, builders, and institutions to leverage deUSD for capital efficiency, composability, and native onchain yields.

What is deUSD?

deUSD is Elixir’s natively yield-bearing stablecoin, serving as the rails for institutional assets to enter DeFi while maintaining isolated asset exposure.

Through direct integrations with fund issuers, deUSD enables RWA assets to enter the crypto economy natively, unlocking onchain composability for leading asset managers such as BlackRock, Hamilton Lane, and Apollo Global.

deUSD accrues yield from a mix of U.S. Treasuries and funding rate yield, offering a secure and capital-efficient alternative to traditional stablecoins.

Closing

Elixir will continue to strengthen integrations, deepen liquidity, and innovate on top of the Sui ecosystem.

The future of finance is instant, scalable, and composable.

Elixir.

Deposits have now been closed for roughly 2 years. While the protocol plans to maintain ETH withdrawal flows in the frontend for the next couple months, afterwards both deUSD (for committed conversions) or ETH (for uncommitted depositors) will be claimable directly via smart contract call - the same process Elixir frontend previously executed on your behalf when you clicked ‘withdraw.’

elxETH conversions to deUSD will be completed at the users’ original conversion commitment price in the coming weeks, and users will be able to withdraw deUSD. If you’ve committed to converting to deUSD but haven’t completed the process, please do so now.

For those who haven’t committed to deUSD, in the future they can go to: https://etherscan.io/address/0x4265f5d6c0cf127d733eefa16d66d0df4b650d53

1. Go to Read Functions

2. Call unusedBalance with your address to check how much you can withdraw

3. Copy the value from unusedBalance

4. Go to Write Functions

5. Connect wallet

6. Call withdrawEth with any amount lower than unusedBalance you copied in step 3 (use full amount for max withdrawal)

For any issues, feel free to open a support ticket in our Discord.

Discord:

https://discord.com/invite/elixirnetwork