# ELUSD

## ELUSD

- [Welcome To ELUSD](https://elysia.gitbook.io/elusd/welcome-to-elusd.md)
- [What is ELUSD?](https://elysia.gitbook.io/elusd/introduction/what-is-elusd.md)
- [Background](https://elysia.gitbook.io/elusd/introduction/background.md)
- [What is Market Premium?](https://elysia.gitbook.io/elusd/market-premium/what-is-market-premium.md)
- [Mechanism](https://elysia.gitbook.io/elusd/market-premium/mechanism.md)
- [End-to-End Flow](https://elysia.gitbook.io/elusd/how-it-works/end-to-end-flow.md)
- [Arbitrage Strategy](https://elysia.gitbook.io/elusd/how-it-works/arbitrage-strategy.md): ELUSD’s core yield comes from the Kimchi Premium. The protocol monitors market data in real time and automatically executes in two directions depending on the premium level.
- [Introduction](https://elysia.gitbook.io/elusd/token/introduction.md)
- [ELUSD](https://elysia.gitbook.io/elusd/token/elusd.md)
- [sELUSD](https://elysia.gitbook.io/elusd/token/selusd.md)
- [EL](https://elysia.gitbook.io/elusd/token/el.md)
- [Yield Source](https://elysia.gitbook.io/elusd/reward/yield-source.md)
- [Structure](https://elysia.gitbook.io/elusd/reward/structure.md)
- [APY](https://elysia.gitbook.io/elusd/reward/apy.md)
- [Distribution](https://elysia.gitbook.io/elusd/reward/distribution.md)
- [Peg Stability Mechanism](https://elysia.gitbook.io/elusd/risk-management/peg-stability-mechanism.md)
- [Risk Control Framework](https://elysia.gitbook.io/elusd/risk-management/risk-control-framework.md)
- [Reserve Fund](https://elysia.gitbook.io/elusd/risk-management/reserve-fund.md)
- [On-Chain Transparency](https://elysia.gitbook.io/elusd/transparency/on-chain-transparency.md)
- [Collateral Verification](https://elysia.gitbook.io/elusd/transparency/collateral-verification.md)
- [Yield & Strategy Transparency](https://elysia.gitbook.io/elusd/transparency/yield-and-strategy-transparency.md)
- [Overview](https://elysia.gitbook.io/elusd/el-point-and-referral/overview.md)
- [How to Work](https://elysia.gitbook.io/elusd/el-point-and-referral/how-to-work.md)
- [Ways to Earn](https://elysia.gitbook.io/elusd/el-point-and-referral/ways-to-earn.md)
- [Buybacks & Distribution](https://elysia.gitbook.io/elusd/el-point-and-referral/buybacks-and-distribution.md)
- [Notes](https://elysia.gitbook.io/elusd/el-point-and-referral/notes.md)
- [FAQ](https://elysia.gitbook.io/elusd/reference-hub/faq.md)
- [Contracts](https://elysia.gitbook.io/elusd/reference-hub/contracts.md)