Both ELUSD and sELUSD are implemented as ERC-20 tokens.
All mint, redeem, stake, and unstake events are recorded on the Ethereum blockchain and can be transparently audited.
Key protocol metrics—such as total supply of ELUSD and sELUSD, sELUSD yield/accrual rate, and collateral composition—are published in real time via a public dashboard.
Thanks to this on-chain design, anyone can verify ELUSD’s operating status permissionlessly, without relying on separate approvals.
