> For the complete documentation index, see [llms.txt](https://whitepaper.lendr.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.lendr.fi/how-it-works/ecosystem-overview.md).

# Ecosystem Overview

<figure><img src="/files/0xM8EtVLqYJSy2dfLWwB" alt=""><figcaption><p>Note: RWAL is named LNDR in this diagram.</p></figcaption></figure>

| Layer                      | Component                                          | One‑line role                                                             |
| -------------------------- | -------------------------------------------------- | ------------------------------------------------------------------------- |
| **Entry Rail**             | **USDL**                                           | USD‑pegged stablecoin—swap in, bridge across chains.                      |
| **Yield Layer**            | **LsRWA Vaults** (lsSP500, lsGOLD, lsUSRE, lsUSAI) | Tokenize blue‑chip assets and auto‑add market neutral yield.              |
| **Community & Governance** | **RWAL +  xRWAL**                                  | Vote on upgrades, insure the protocol, and earn 70 % of performance fees. |
| **Safety Net**             | **SAFU Reserve**                                   | 3 % TVL insurance fund plus RWAL backstop.                                |
| **Bridge**                 | **LayerZero OFT**                                  | Burn‑and‑mint USDL & RWAL between Ethereum ↔ Avalanche.                   |
| **Off‑Chain Engine**       | Regulated **custodian & hedging desks**            | Hold collateral and run market‑neutral overlays; Proof‑of‑Reserve.        |
| **Ops Console**            | Multisig + NAV Poster                              | Publishes NAV, draws fees, enforces draw‑down guardrails.                 |
| **User Interface**         | Web dApp + Subgraph dashboard                      | Swap, stake, bridge, track APY—desktop & mobile.                          |