TechFlow, on November 8, the Curve community risk management team LlamaRisk proposed a motion to "disable all Elixir market Gauges," aiming to halt CRV emissions to related pools. The proposal states that deUSD and its staked derivative token sdeUSD, issued by DeFi protocol Elixir, were officially discontinued and burned between November 6–7, 2025, primarily due to the collapse of core counterparty Stream Finance, which caused approximately $93 million in losses.
The related proposal has been initiated to terminate the gauges for all nine liquidity pools associated with Elixir markets, including frxUSD/deUSD and deUSD/USDC, by calling set_killed() to stop CRV incentives for these pools.
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