ELYFI Review: What to Check Before Using It
ELYFI is described as a real-world-asset lending protocol that uses asset tokens minted through ELYFI as collateral. Key details on fees, collateral terms and audit scope are missing, so you should verify them before connecting a wallet.
By the SkyBitcoins review team · Updated
At a glance
ELYFI key facts
| Type | Real-world-asset lending protocol |
|---|---|
| Collateral | Asset tokens minted through ELYFI |
| Chains | Ethereum, BNB Chain, Kaia |
| Token | ELFI |
| Value locked | $39−0.1% 7d |
| Audits | 2 audits listed |
| Updated |
ELYFI FAQs
What is ELYFI?
ELYFI is described as a DeFi lending protocol that lets users borrow cryptocurrency against asset tokens minted through ELYFI. The current Elysia site presents a wider RWA ecosystem, including tokenization, synthetic assets and perps, so check that you are using the specific lending product you intend to use.
What does it cost to borrow on ELYFI?
ELYFI’s lending fees, interest rates and other borrowing costs are not published in the project details here. Check the live app and its terms for the full cost of borrowing before supplying collateral.
Has ELYFI been audited?
Two audits are listed for ELYFI, but their names, dates, scope and findings are not specified. An audit listing alone does not establish that funds are safe; review the reports and the lending terms before depositing.
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How we checked
Sources
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