> For the complete documentation index, see [llms.txt](https://elysia.gitbook.io/elusd/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elysia.gitbook.io/elusd/welcome-to-elusd.md).

# Welcome To ELUSD

ELUSD is a synthetic dollar developed by ELYSIA, minted 1:1 with USDT. Start here for how it works, where rewards come from, and the risks.

Hello, this is ELYSIA.

We’re excited to introduce **ELUSD**.

**ELUSD** is ELYSIA's **synthetic dollar**, minted 1:1 with USDT. When you stake ELUSD as sELUSD, you earn a share of protocol profits from arbitrage between Korean and global crypto markets, also known as the "Kimchi Premium." Returns are variable and depend on market conditions.

We appreciate your interest, and strongly recommend reading this document before acquiring ELUSD.

Let’s get started!

<figure><img src="https://1968746292-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNZ02NcOSIuVHL3dPqtaN%2Fuploads%2FhfT0FTBI3An2yRzORl8T%2Fdoc_01.png?alt=media&amp;token=564fafcb-0103-4505-88be-659fe1541258" alt=""><figcaption></figcaption></figure>