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

# How LYS Works

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