ELYFI is a DeFi project to utilize real assets brought on-chain through the ELYSIA protocol. ELYFI is adding real estate to the DEFI concept. This is the expansion of the current crypto-to-crypto applications as ELYFI will introduce traditional assets to the open financial market. For real assets to be recognized for their value on-chain and used as digital assets, not only should the logic of the Smart Contract be valid, but the linkage between the blockchain and tangible assets should be thoroughly managed and supervised. Therefore, to maintain the ELYFI ecosystem correctly and sustainably, the structure and relationship between participants must be logical and appropriate, thus allowing stakeholders to draw a ‘fair and reasonable’ conclusion as to why ELYFI maintains the ecosystem in a particular way.

Key services of ELYFI:

• Real Asset-Backed Loans. Borrowers can take out loans from the Money Pool using real assets as collateral. Bonds are created through legal contracts that use real assets as collateral, and the contracts are linked with ABTokens in the form of non-fungible tokens (NFTs). As ABTokens are deposited as collateral in the Money Pool and loans are made, financial services that link real assets and cryptoassets can be achieved.
• Cryptoasset-Backed Loans. Borrowers can borrow other types of cryptoassets using their own crypto assets as collateral. Interest rates on such loans depend on the status of the Money Pool, and borrowers must repay the loaned assets in order to seize and recover the collateral. There is no specific loan maturity date, and if the prices of collateral or the loaned cryptoassets change, the collateral may be liquidated.
• Money Pool Investment. Borrowers can deposit funds in the Money Pool and receive a return on investment (ROI) in exchange for liquidity supply. The ROI depends on the size of a loan made through the liquidity supplied. The borrower can terminate the investment by recovering their assets deposited in the Money Pool.
• ABToken Investment. Lenders can directly purchase ATokens against ABTokens deposited in the Money Pool as collateral and receive the interest arising from the relevant real asset-backed loans. Funds can be recovered by redeeming the ATokens. All ATokens are destroyed after redemption.