> For the complete documentation index, see [llms.txt](https://learn.elara.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://learn.elara.finance/elara-v1-zircuit-mainnet/about-elara-v1.md).

# About Elara V1

Elara V1 is a decentralized, non-custodial money market protocol built on Zircuit L2. It features a unique dual-pol structure comprising a main market for major assets and satellite pools specifically designed for Liquid Staking Tokens (LSTs). Users are able to efficiently lend and borrow a diverse range of assets while benefiting from competitive rates, high capital efficiency, and enhanced risk management. 

Elara's algorithm-driven approach optimizes liquidity across pools, supporting ElaraVaults built on top of it to achieve maximum composability and capital utilization. By seamlessly integrating traditional assets with emerging LSTs, ElaraLend offers a sophisticated yet user-friendly platform for both passive income generation and collateralized borrowing, positioning itself at the forefront of DeFi lending innovation.

To learn how to use ElaraLend, go to [User guides](/elara-v1-zircuit-mainnet/user-guide.md).

For protocol-related configurations, go to [Protocol](/protocol.md). 

To understand underlying risks, go to [Risk management](/risk-management.md).