ELYFI

ELYFI is the lending protocol that lends cryptocurrency using asset tokens minted in ELYFI as collateral.

## Overview ELYFI is a lending protocol built on Ethereum and Binance Smart Chain that operates on an unconventional collateral model. Rather than requiring borrowers to lock up traditional crypto assets like ETH or USDC, ELYFI uses asset tokens minted within its own ecosystem as collateral. This approach creates a self-contained lending environment where participation is tied to tokenized representations of real or digital assets managed through the ELYFI protocol itself. The protocol addresses a specific gap in DeFi lending: enabling access to credit for users who hold assets that may not fi