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ELUSD

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Category: Stablecoin Issuance

Description

ELUSD is the V2 product presented in Elysia's DeFi section. Users deposit USDT on Ethereum to mint ELUSD at a 1:1 rate, can stake ELUSD to earn yield and receive sELUSD with unstaking available at any time, and receive EL points for holding ELUSD.