Exchange rate of ELU (ELU) to sUSD (SUSD)

1 ELU = 0.002125 SUSD

Quotation rate chart ELU (ELU):

TOP 10 trades with ELU

Ticker	Rate	Min	Max	Δ (24h)	Refreshed
ELU-USDT	0.002081	0.001878	0.002146	+2.4%	2025-03-21 11:44:35

Other cryptocurrencies

BTC 84 202.72 ^-1.6%

ETH 1 973.73 ^-1.0%

BNB 631.47 ^-0.5%

XRP 2.41 ^-2.9%

SUSD, short for Synthetix USD, is a cryptocurrency token that is part of the Synthetix Network. Synthetix is a decentralized finance (DeFi) platform built on the Ethereum blockchain that allows users to create and trade synthetic assets, including various cryptocurrencies, commodities, and traditional financial instruments, without requiring users to hold the underlying assets.

SUSD is a synthetic asset designed to track the value of the United States Dollar (USD). It is one of several synthetic assets that can be created and traded on the Synthetix platform.

To create synthetic assets like SUSD, users need to collateralize their holdings with the Synthetix Network's native cryptocurrency, SNX (Synthetix Network Token). SNX holders stake their tokens as collateral, and in return, they earn rewards and fees from the network.

SUSD and other synthetic assets can be traded on various decentralized exchanges (DEXs) and liquidity pools. This allows users to gain exposure to different assets, including cryptocurrencies, without holding the physical assets themselves.

SNX holders can stake their tokens to earn rewards and fees from the Synthetix platform. Stakers also help secure the network by participating in its governance and decision-making processes.

SUSD and other synthetic assets on the Synthetix platform serve as tools for trading, hedging, and gaining exposure to different assets, all within the Ethereum ecosystem. They can be used by traders, investors, and DeFi enthusiasts.

SUSD is often used as a stablecoin within the DeFi ecosystem, allowing users to move in and out of cryptocurrencies while maintaining a stable value similar to the US dollar. It provides a way for traders and investors to reduce exposure to price volatility while still participating in DeFi activities.

To interact with SUSD and the Synthetix platform, users typically connect their Ethereum wallets to supported DEXs or DeFi platforms. The Synthetix platform continues to evolve, and additional synthetic assets and features may be introduced over time.

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