TechFlow News — Elixir has announced a partnership with Apollo to offer DeFi liquidity opportunities for holders of Apollo's ACRED through deUSD. Leveraging Securitize's Credit platform and its collaboration with Elixir’s sToken, ACRED investors can now generate deUSD liquidity, enabling access to DeFi protocols and potential yield-generating opportunities such as staking, liquidity provision (LP), or lending across various platforms, while retaining ownership and underlying ACRED yields.
Previously, Elixir established partnerships with institutions including BlackRock and Hamilton Lane, positioning itself as a key gateway for RWAs entering the crypto economy.
Elixir Protocol is a modular decentralized staking network that allows users to directly provide liquidity to trading pairs on order book exchanges and earn market-making rewards comparable to those offered by order book exchanges and L1/L2 blockchains, thereby enhancing liquidity for decentralized order book exchanges. Elixir previously launched deUSD, a decentralized synthetic USD asset, aiming to compete with Ethena's USDe. Apollo Global Management is one of the world’s largest financial asset managers, with $733 billion in assets under management.
