ELYSIA (EL)
Elysia is a decentralized autonomous organization (DAO) designed to enable the transformation of tangible assets into digital forms. Utilizing blockchain technology, Elysia focuses on the tokenization of real-world assets, offering innovative services in this area.
Overview of Elysia
Founded in July 2018 by Donguk Seo, Jung-gun Lim, Yoon Kim, and Won-jun Cha, Elysia specializes in converting real-world assets such as real estate, accounts receivable, and US Treasury into digital assets. The ELYFI platform is dedicated to digital asset securitization, aiming to establish a decentralized finance ecosystem. The Elysia Protocol manages minting fees and offers a staking program, while Elysia DAO uses Ethereum smart contracts to tokenize real estate, facilitating ownership rights and secondary market trading.
| Ticker | EL |
| Category | Tokenized Real Estate |
| Website | https://elysia.land |
| Telegram | elysia_official |
| Contract Addresses | |
|---|---|
| ethereum | 0x27...16 Copied! |
Solution provided by Elysia
Elysia DAO sets protocol standards for transferring real estate assets to Ethereum and other public blockchains, focusing on tokenization and trading. The protocol ensures asset value preservation through legal and strategic mechanisms. It also defines governance structures and rules for digitized assets, encouraging the use of multiple blockchain networks to enhance user flexibility.
Participants in Elysia's ecosystem
Participants in Elysia's ecosystem include Token Issuers, Offline Governance, Online Governance, Developer Groups, Agencies, Oracle Nodes, Bond Buyers, Law Firms, and Debt Collectors. Each plays a crucial role in the tokenization process, governance, protocol development, and legal services.
Elyfi
Launched on January 15, 2021, the ELYFI Protocol serves as a DeFi platform connecting traditional finance and blockchain finance. It tokenizes assets like real estate and e-commerce receivables, allowing borrowers to access asset-backed loans and enabling liquidity providers to earn in a secure environment. Governed by a decentralized community, ELYFI aims to integrate DeFi with real-world assets for enhanced stability and accessibility.
Tokenomics of Elysia
The Elysia Protocol introduces minting fees from token issuers, which can be adjusted by Active Participants. Fees are divided into asset bond-type and asset derivative-type token generation fees. The distribution of Elysia's tokens is categorized as follows: Marketing (7%), Bonus (8%), Reserve (8%), Team (10%), Partnership (10%), and Investors (57%).
Elysia (EL) token
EL tokens are used as fees for AToken issuance and provide voting rights in online governance. Staked EL tokens enable holders to participate in governance and earn screening fees. ELYSIA tokens represent ownership in the Elysia DAO and can be traded on decentralized and centralized exchanges.
Elyfi (ELFI) token
ELFI is the main governance token within the ELYFI Protocol. Users can stake ELFI tokens to obtain sELFI tokens, allowing participation in decision-making processes and exercising voting rights through the Snapshot platform.
RWA tokenization
RWA tokens act as a bridge between traditional financial markets and the crypto sphere, encapsulating essential details about tangible assets. Elysia facilitates the tokenization process by allowing asset owners to request RWA token issuance through a tokenized Dapp, involving asset verification and voting.
EL Bridge
EL Bridge is a real-world asset tokenizer developed within the ELYSIA protocol, enabling users to tokenize assets. It operates as a smart contract on the Ethereum Mainnet and Binance Smart Chain, facilitating the creation of real asset tokens.
Governance in Elysia
Elysia DAO governs the conversion of real estate assets into digital assets, emphasizing legal effectiveness and decentralization. Governance involves both online and offline participation, with decisions made through voting. Active Participants and Delegates play key roles in the governance process, ensuring effective management and oversight of the protocol.