ELYSIA Whitepaper v2.2
English
English
  • Introduction
    • Glossary
    • About ELYSIA
  • Background
    • Traditional financial market
    • Crypto financial market
    • Connection between TradFi and DeFi
  • RWA
    • Overview
    • Tokenization
    • Distribution
    • Liquidation
    • Oracle
  • Ecosystem
    • Overview
    • Participants
    • Governance
    • Token economy
    • dApp
  • Token
    • EL
    • RWA
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  • EL Staking
  • Insurance Pool
  1. Ecosystem

Token economy

PreviousGovernanceNextdApp

Last updated 1 year ago

EL Staking

ELYSIA provides an EL (ELYSIA Token) staking service with two main purposes:

EL Staking Contract Address

Network
EL Staking Contract Address

Ethereum Mainnet

https://etherscan.io/address/0x3f0c3e32bb166901acd0abc9452a3f0c5b8b2c9d#contracts

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 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.

Insurance Pool

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

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

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.

Governance