Yield Source
ELUSD’s yield is derived from the Kimchi Premium (KIMP) between the Korean and global crypto markets.
An automated trading engine repeatedly executes the following strategies across premium regimes to capture structural arbitrage:
When the KIMP is low → Sell USD / Buy USDT
When the KIMP is high → Sell USDT / Buy USD
Realized profits are aggregated on-chain and credited to the ELUSD staking pool, which is reflected as an increase in the sELUSD exchange rate over time.
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