ELYSIA is an RWA protocol that provides standards and infrastructure to tokenize real-world assets so they can be issued and used in crypto markets. It includes a governance layer that reviews issuance, core protocol components that support tokenization, distribution, liquidation, and oracle updates, and a DAO LLC structure designed to connect on-chain governance with real-world ownership and contracts.
Most real-world assets are difficult to use in on-chain financial markets because they require consistent tokenization standards, clear participant roles, and a governance and legal structure that can handle real-world rights and risks. ELYSIA addresses this by providing tokenization tools and standards, a review and voting process for issuance, and a DAO LLC structure that enables approved assets to be issued and managed in a way that aligns on-chain governance with real-world ownership and contracts.
ELYSIA DeFi is ELYSIA’s on-chain finance hub focused on real-world-asset-based DeFi. It supports RWA-backed lending and yield products, including pools and vaults that allow users to deploy capital into strategies built around tokenized real-world collateral.
ELYSIA follows a three-step issuance process. First, the asset owner applies for RWA issuance by submitting required asset information (asset type, value, supporting documents) and selecting a supported network. Second, DAO participants review the submission and vote on whether to approve issuance. Third, if approved, the RWA is issued on-chain and transferred to the asset owner.
ELYSIA DeFi: ELYSIA DeFi is the main DeFi experience in the ELYSIA ecosystem. It offers real-world-asset-based DeFi products such as RWA-backed lending and yield opportunities, including pools and vaults where users can deploy capital into on-chain strategies connected to tokenized real-world collateral.
ELUSD: ELUSD is ELYSIA’s yield-focused synthetic dollar product. Users can stake ELUSD to access protocol returns driven by Korean versus global market price differences (commonly known as “Kimchi Premium” arbitrage).
Elysia Perps: Elysia Perps is a perpetual futures protocol developed by ELYSIA. Users can trade perpetual markets such as BTC-PERP-EL and US500-PERP-EL using EL as collateral, without selling their EL.
Zenie: Zenie is a fintech and onboarding-focused product designed to connect traditional financial users with blockchain-based financial services. It provides simplified access flows and infrastructure to bridge real-world value into the ELYSIA ecosystem.
ELUSD is a synthetic dollar token designed to target a 1 ELUSD ≈ 1 USDT peg via 1:1 minting and redemption with USDT. Its purpose is to enable dollar-denominated on-chain transfers and settlement, while allowing users who stake (via a yield-bearing share token structure) to earn a share of protocol trading profits sourced from Korean versus global market price differences (commonly referred to as the “Kimchi Premium” arbitrage).
Elysia Perps is a perpetual futures protocol developed by ELYSIA. You can trade perpetual markets using EL as collateral, without selling your EL.
BTC-PERP-EL and US500-PERP-EL. More markets are planned.
Leverage starts at 2x and goes up to 5x. Higher leverage moves your liquidation price closer, so losses can grow as quickly as gains.
Perpetual futures carry a risk of loss, including liquidation of your collateral. Because EL$ uses a fixed rate, the real-world value of your balance also moves with the EL price, on top of your trading results. Only trade with amounts you can afford to lose. Risk details
EL is the utility token of the ELYSIA ecosystem.
Collateral on Elysia Perps: EL can be used as collateral on Elysia Perps. It is credited as EL$ at a fixed rate of 100 EL = 1 EL$, and 1 EL$ counts as $1 for margin, PnL and fees. The rate does not change with the EL market price. The minimum deposit is 1,000 EL. Learn more
Governance: Users can stake EL to receive sEL, which is used for governance voting. sEL holders may also receive participation rewards linked to reviewing and voting on RWA issuance. In addition, ELYSIA operates an insurance pool that is funded in part by assessment fees related to RWA issuance.
ELYSIA has focused on real-asset-backed RWAs such as mortgage-loan-related RWAs, real estate PF loan receivables, U.S. Treasury RWAs, and e-commerce short-term accounts receivable RWAs. In principle, however, a wide range of real-world assets can be tokenized using the protocol, including real estate, bonds, vouchers, copyrights, and ownership of physical goods, among others.