# How LYS Works

- [Smart Capital Aggregation & User-Defined Strategies](https://lys-protocol-docs.gitbook.io/lys-protocol-docs-1/how-lys-works/smart-capital-aggregation-and-user-defined-strategies.md)
- [Dynamic Asset Allocation](https://lys-protocol-docs.gitbook.io/lys-protocol-docs-1/how-lys-works/dynamic-asset-allocation.md)
- [Reward System and Yield Optimization](https://lys-protocol-docs.gitbook.io/lys-protocol-docs-1/how-lys-works/reward-system-and-yield-optimization.md)
- [whyETH - Flexible, Yield-Optimized ERC-20 Token](https://lys-protocol-docs.gitbook.io/lys-protocol-docs-1/how-lys-works/whyeth-flexible-yield-optimized-erc-20-token.md)
- [lysUSD and the Lending Mechanics](https://lys-protocol-docs.gitbook.io/lys-protocol-docs-1/how-lys-works/lysusd-and-the-lending-mechanics.md)
- [LYS Proprietary Smart Strategy](https://lys-protocol-docs.gitbook.io/lys-protocol-docs-1/how-lys-works/lys-proprietary-smart-strategy.md)
- [Token Transfers and Strategy Continuity](https://lys-protocol-docs.gitbook.io/lys-protocol-docs-1/how-lys-works/token-transfers-and-strategy-continuity.md)