Background

The global digital-asset market is expanding rapidly, yet efficient value transfer remains difficult due to country-level capital controls and fragmented market structures. Consequently, the same asset can trade at different prices across exchanges and currency regions—differences that reflect asymmetries in global capital flows rather than mere volatility.

Within this context, the Korean market holds a uniquely distinctive position. Despite strong technology demand and vibrant investor participation, restrictions on capital movement have fostered a closed yet highly liquid market structure that is partially insulated from global flows. This structure continually produces local premiums and, paradoxically, embeds the potential for new, structurally driven financial returns.

ELUSD is designed to navigate these Korean market imbalances and capture the value they signal. In short, it is infrastructure that transforms cross-market inefficiencies—arising where capital cannot move freely—into on-chain staking yield within a transparent and compliant framework.

Through this approach, ELYFI does not seek to suppress or sidestep the premium; instead, it interprets the premium as a market-structure signal and re-architects that signal into a sustainable on-chain yield mechanism.