Reserve currency of Elysium
Elysian
Reserve
A treasury-backed reserve currency. Bond assets into the vault at a discount, stake ELYR and share in what the treasury earns.
Bond
Sell reserve assets to the treasury for ELYR below market, vested over a fixed term. Every bond grows the backing.
IIStake
Stake ELYR for sELYR. Each epoch, surplus reserves are distributed to stakers as a rebase.
IIITreasury
Every asset the protocol owns, priced by oracle, haircut for risk and capped by weight. Readable on-chain at any block.
The reserve
Every ELYR is backed by USDC and HYPE.
The treasury only holds Elysium's most liquid assets. Each is priced by oracle, haircut for risk and capped by weight, so no single asset carries the backing.
How reserves are valued-
USDCBond
USD Coin
0x7D29…47b2Max weight
100%
-
WHYPEReserveWrapped HYPE
0xCD57…F234Max weight
50%
The cycle
Every turn leaves the treasury larger.
-
01
Bond
Assets enter the treasury at a small discount.
-
02
Back
Each ELYR is backed by more reserves.
-
03
Earn
Pool fees and surplus flow back to the vault.
-
04
Rebase
Stakers receive the excess as new sELYR.
Enter the reserve.
ELYR launches on Boxa. Bonds and staking open once the protocol is seeded.