> For the complete documentation index, see [llms.txt](https://elysia.gitbook.io/elysia-whitepaper-v2.2/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elysia.gitbook.io/elysia-whitepaper-v2.2/ecosystem/overview.md).

# Overview

The ELYSIA ecosystem is composed of various participants, governance structures, token economy, and diverse dApps such as ELYFI, an open market, and more.

1. **Participants**

Participants in the ELYSIA ecosystem include owners of real-world assets, offline DAOs, online DAOs, developer groups, key external participants, etc. The ecosystem is sustained and expanded through the agreed-upon roles and responsibilities of these participants.

1. **Governance**

ELYSIA governance is a Decentralized Autonomous Organization(DAO) owned and operated by sEL(staked EL) holders. ELYSIA governance is categorized into offline DAOs and online DAOs based on roles.

1. **Token Economy**

A diverse array of participants, alongside ELYSIA Token holders, will be rewarded by the increasing value of the ELYSIA ecosystem. The ELYSIA Token plays a pivotal role as a means to sustain and activate the ELYSIA ecosystem.

1. **dApps (decentralized Applications)**

Various dApps constitute the ELYSIA ecosystem. ELYFI, an RWA lending protocol, merged into Elysia DeFi in January 2026. Today Elysia's main products are RWA tokenization, Elysia Perps and ELUSD. Elysia Perps and ELUSD are described in the following pages.