Token economy
Last updated
Last updated
ELYSIA provides an EL (ELYSIA Token) staking service with two main purposes:
EL Staking Contract Address
| Network | EL Staking Contract Address |
|---|---|
1. Voting Rights
sEL (staked EL) is granted in proportion to the staked EL quantity. This carries the functionality of online governance voting rights, allowing participants to propose various policies and vote on proposed agendas. For detailed information, refer to the Governance section.
2. Participation Rewards
sEL holders can receive assessment labor fees as compensation for participating in online governance. After reviewing documents specifying various rights relationships, they can vote on the issuance of RWA. sEL holders participating in the vote receive a portion of the assessment labor fees paid by real-world asset owners to the online DAO through the offline DAO, based on their sEL ownership ratio.
ELYSIA operates the EL Insurance Pool system for ecosystem protection and sustainable development. When issuing RWA, ELYSIA receives fees nominalized as assessment fees from RWA issuance requesters. A portion of these fees is distributed to sEL holders who participated in the token issuance assessment process, while the remaining portion is allocated to the insurance pool. The usage of the insurance pool is determined by governance decisions.
EL Insurance Pool Contract Addresses
Note
To enhance the stability of the ELYSIA ecosystem, the foundation has supported the insurance pool with 12,000,000 EL (as of January 2024), and the insurance pool funding is open to everyone.
Tokenomics may be subject to changes by governance decisions.
| Network | EL Insurance Pool Contract Address |
|---|---|
Ethereum Mainnet
https://etherscan.io/address/0x81aef8614e5ed13ea4d73f4785d997c8878fafb6
BNB Chain (BSC)
https://bscscan.com/address/0x53bace287646d33bd5f198d21e84e583f8bfc03d#tokentxns
Klaytn Mainnet (Cypress)
https://klaytnscope.com/account/0xee7efc1042a65227ca80c070ba557e56c2b0b8ac?tabId=tokenTransfer
Ethereum Mainnet
https://etherscan.io/address/0x3f0c3e32bb166901acd0abc9452a3f0c5b8b2c9d#contracts
