Participants
1. Real assets owners
Owners of real assets who plan to tokenize real-world assets and issue RWA tokens can mint RWA tokens through a governance approval process in advance. The asset classes covered or planned to be covered by the ELYSIA Protocol include:
Real-world assets: principal and interest tokens, equity tokens
2. Offline DAO (DAO corporation)
Offline DAO consists of a sEL holder, member, and chair. Offline DAOs establish a contractual relationship with real asset owners to own real assets and issue RWA tokens. Offline DAOs process deposits and withdrawals with cryptocurrency, so the cash flow is automated according to the smart contract. Therefore, offline DAO is systematically impossible to embezzle.
3. Online DAO
The online DAO consists of general voting voters (sEL holders). The online DAO has the authority to review and approve RWA token issuance requested by real asset owners. Proposes and votes for various policies of the ELYSIA Protocol are also possible.
4. Developer group
It is a group that proposes various opinions and provides technology for the development of the ELYSIA Protocol. Developers from all over the world can participate and be rewarded for the roles they play. In addition, you can contribute to the development of the ecosystem by developing various Dapps using the asset tokens created in the ELYSIA Protocol.
5. Linking body
It is a group that participates in the core components (Issuance, Distribution, Liquidation, Price Oracle) of the ELYSIA Protocol and plays a role in maintaining the security and system of the ecosystem. As the asset classes covered by the ELYSIA Protocol expand, the related linkages will also expand.
Oracle node
Real-world real asset prices are provided to the protocol. Based on this, the issuance, distribution, and liquidation of RWA tokens will proceed.
Bond purchaser
A corporation that collects non-performing loans that have been treated as a failure to repay principal and interest tokens among RWA tokens. In the liquidation process due to failure to repay, the collateral contract becomes a non-performing loan, and RWA tokens for the bond can be acquired at a low price and sold on the market for profit. When a collateral contract is concluded, bonds can be acquired at a lower price than the general acquisition price through a pre-contract, and in the event of failure to repay, the real asset is liquidated and the liquidation amount is provided to the RWA token holders.
Law Firm, Accounting/Tax Firm, Appraisal Firm
We provide legal process review, consulting, and document provision services required in the RWA token creation process. Fees and consulting fees are received from participants according to the type of related services.
Liquidation Participant
A group that executes collateral liquidation to reduce liquidity risk.
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