EXPERIMENT 01 R&D

ELA

ETHEREUM LEVERAGE ASSETS

ELA is Ethereum Leverage Assets, our first experiment in financialized risk. It wraps a looped Ethereum LP position into a single onchain token: amplified exposure, fees compounding on a larger base.

ELA.RIP ↗ BACK TO LAB

FIG. 01 ELA MARK

THE CONCEPT

LP fees are real yield. Conviction shouldn't cap them.

Providing liquidity earns fees but dilutes directional exposure. ELA loops leverage onto the position itself: borrow against the LP, re-enter the pool, repeat. The whole structure is then wrapped into one transferable token.

MECHANISM

DEPOSIT

Collateral in: ETH or an existing liquidity position.

LOOP

The vault borrows against the position and re-enters the pool. Exposure multiplies.

HOLD

The looped structure is wrapped as ELA, a single transferable onchain asset.

LEVERAGE CUTS BOTH WAYS: AMPLIFIED FEES, AMPLIFIED DRAWDOWNS.

KNOW YOUR SIZE.