Overview

ELYSIA Protocol has 4 Core Components. There are 1) Issuance, 2) Distribution, 3) Liquidation, and 4) Price Oracle, and individual Core Components are open sources and can be used by developer groups to freely develop Dapps. To revitalize the ELYSIA Protocol, we actively foster the ELYSIA derivative ecosystem. For the DeFi service ecosystem, we launched a landing protocol and open market service in ELYFI.

1. RWA token issuers can issue asset tokens through Onboarding Dapp utilizing the Issuance Core component.

2. After that, you can use or distribute the asset tokens issued through the Dapp using the Distribution Core component. Through this, RWA tokens can be provided to other DeFi services as an underlying asset.

3. If the circulated RWA tokens are transferred to a third party and converted into cash, this can be done through a Dapp using the Liquidation Core component. In the case of principal and interest receivables, if an insolvency situation occurs, the liquidation procedure is carried out through the NPL Openmarket Dapp.

4. Through the Price Oracle Core component, the price information of real assets is reflected in the ELYSIA Protocol, and the information is used in each core component. In addition, price tracking derivatives Dapp using only the Price Oracle Core component can be developed.