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

# Explanation

Conceptual guides to DAT's elastic supply, peg mechanism, liquidity strategy, and governance.

* [Elastic supply](/brila-dat/explanation/elastic-supply.md)
* [The peg](/brila-dat/explanation/the-peg.md)
* [Liquidity strategy](/brila-dat/explanation/liquidity-strategy.md)
* [Governance and security](/brila-dat/explanation/governance-and-security.md)