Abstract
We suggest the quasiparticle picture behind the integrable structure of N=2 SYM theory which arises if the Lax operator is considered as a Hamiltonian for the fermionic system. We compare the meaning of BPS states with the one coming from the D-brane interpretation and give some evidence for the compositeness of the self-dual strings. The temperature phase transition with the disappearance of the mass gap is conjectured.
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