2024

DeFi

Elixir

BlackRock

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   <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>One of the biggest moves comes from BlackRock, the world’s largest asset manager.</strong></h4>
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    They’ve <a href="https://news.curve.fi/curve-elixir-blackrock/" target="_blank" rel="noopener noreferrer nofollow">partnered</a> with Curve and Elixir on a $533 million DeFi fund. Let’s discover more about this bridge to DeFi.
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   <h5><strong>Curve, BlackRock, and Elixir Bring Real-World Assets to DeFi</strong></h5>
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<p>Curve Finance is already known for being a top place to trade stablecoins, like USDC and USDT, in a way that’s safe and decentralized. Now, with the help of BlackRock and other institutional investors, Curve’s role is getting even bigger. The partnership allows up to $1 billion in real-world assets to be turned into deUSD, a digital dollar that earns interest. It’s now using Elixir’s deUSD protocol.</p>
<p>The big idea behind this partnership is to bring real-world money, like U.S. Treasury bills, into the DeFi world. This is possible through <a href="https://x.com/Securitize" target="_blank" rel="noopener noreferrer nofollow">Securitize</a>, a company that helps turn real-world assets into digital tokens. These tokens can then be traded and used in DeFi, just like regular cryptocurrency. BlackRock’s $533 million fund, called BUIDL (BlackRock USD Institutional Digital Liquidity), is the first example of this new wave of tokenized investments.</p>
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 <p dir="ltr" lang="en">Curve enables <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BlackRock</a> (BUIDL) to enter DeFi. Thanks to <a href="https://twitter.com/elixir?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@elixir</a> for making it happen<a href="https://t.co/SqETddHpNa" rel="noopener noreferrer nofollow">https://t.co/SqETddHpNa</a></p>
 <p>— Curve Finance (@CurveFinance) <a href="https://twitter.com/CurveFinance/status/1862503239251300675?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 29, 2024</a></p>
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<p><a href="https://www.altcoinbuzz.io/?s=BUIDL" target="_blank" rel="noopener noreferrer nofollow">BUIDL</a> invests in secure, traditional assets like U.S. Treasury bills, making sure that each token is worth exactly one dollar. Investors who hold these tokens get monthly rewards sent directly to their digital wallets. Right now, the fund has $440 million on Ethereum, and the rest is spread out across other networks.</p>
<h5><strong>Elixir Powers deUSD with Curve for Fast-Growing Liquidity</strong></h5>
<p><a href="https://www.elixir.xyz/" target="_blank" rel="noopener noreferrer nofollow">Elixir</a> is a blockchain network that helps with orderbook exchange infrastructure. This protocol supports deUSD, a yield-earning digital dollar backed by U.S. Treasuries and Ethereum assets like stETH. Since its launch, deUSD has grown quickly, reaching over $160 million in just four months.</p>
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 <p dir="ltr" lang="en">Introducing Elixir’s “deUSD RWA Institutional Program” – a first ever partnership with Securitize</p>
 <p>After months of design and $1B+ of capital interest, this joint program allows Blackrock BUIDL and other RWA holders to seamlessly access DeFi using deUSD as the primary currency <a href="https://t.co/rbUTNNadYr" rel="noopener noreferrer nofollow">pic.twitter.com/rbUTNNadYr</a></p>
 <p>— Elixir (@elixir) <a href="https://twitter.com/elixir/status/1858862892440854917?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a></p>
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<p>Finally, Elixir chose Curve as its main platform for liquidity. And so far, $64 million of Elixir’s $110 million in total liquidity is available in four trading pools. Liquidity providers, or people who add their money to these pools, earn rewards. This is through trading fees and special Elixir “Potions.” So, they can earn up to 10 times more rewards by staking their tokens in Elixir’s “Apothecary” system.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/curve-elixir-blackrock-a-533m-bridge-to-defi/" rel="noopener noreferrer nofollow">Curve, Elixir, BlackRock: A $533M Bridge to DeFi</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Curve, Elixir, BlackRock: A $533M Bridge to DeFi

Altcoin Buzz

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