Elixir Treasury & Reserve state (as of 18 May 2025)

Category Amount (USD) Current Status Sources
Treasury multisig (Foundation) ≈ 150 M sUSDS All funds idle in the multisig; no on-chain deposits yet Elixir Governance Forum
Prime-Vault deployment cap ≤ 120 M sUSDS (shared limit) Will be split between two vaults:
Gauntlet Prime Vault 60~120 M
initial seed
under discussion; community leaning toward
MEV Capital Prime Vault 42~60 M draws from the same 120 M cap; community suggests 35 % (~42 M) up to 60 M after validation Elixir Governance ForumElixir Governance Forum
Liquidity buffer ≈ 30 M sUSDS Remainder kept in the multisig as an operational reserve (150 M – planned 120 M) internal arithmetic
DAO Vault 3M/year
(pre-launch)
Will receive 2.5 % performance fees from both Prime Vaults proposal terms
deUSD in circulation ≈ 181 M deUSD Market supply per Messari, 15 May 2025 Messari
deUSD Dashboard
Direct sUSDS coverage ratio ≈ 83 % (150 M / 181 M) The rest of the backing is RWA-USDS, T-Bill yield, etc. derived
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