Elys Network AcademyLeverage LP
The professor is back! Now it’s time for you to understand the concept of our Leverage Liquidity provisioning feature.IntroductionIn the evolving world of decentralized finance (DeFi), various innovative mechanisms are emerging to optimize capital efficiency and provide better opportunities for investors. One such innovation is the concept of leveraged liquidity provisioning. This article aims to demystify leveraged LPs, explaining how they function, their benefits, and the risks involved, us...
Elys Network AcademyElys Network Staking Feature
𝐄𝐯𝐞𝐫 𝐰𝐨𝐧𝐝𝐞𝐫𝐞𝐝 𝐡𝐨𝐰 𝐄𝐥𝐲𝐬 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐬𝐭𝐚𝐤𝐢𝐧𝐠 𝐟𝐞𝐚𝐭𝐮𝐫𝐞 𝐰𝐨𝐫𝐤𝐬? Let's find out in the book of truth ! First, let's briefly review Elys Network's revenue distribution:𝐒𝐭𝐚𝐤𝐞𝐫𝐬/𝐃𝐞𝐥𝐞𝐠𝐚𝐭𝐨𝐫𝐬: 𝟑𝟎%Liquidity Providers: 60%Elys Protocol: 10%All revenues are distributed in USDC. This distribution may be subject to change with CosmosHUB PSS integration. But how are these revenues distributed to stakers?Part of it goes to 𝐔𝐒𝐃𝐂 𝐬𝐭𝐚...
Elys Network AcademyPrice impact Vs Slippage
Have you ever wondered: ▪️ 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐬𝐥𝐢𝐩𝐩𝐚𝐠𝐞 𝐚𝐧𝐝 𝐩𝐫𝐢𝐜𝐞 𝐢𝐦𝐩𝐚𝐜𝐭? Let's find out in the book of truth !👇 When you trade on a classic pool, also known as a fixed weighted pool in our AMM, you expose yourself to :𝐏𝐫𝐢𝐜𝐞 𝐢𝐦𝐩𝐚𝐜𝐭𝐒𝐥𝐢𝐩𝐩𝐚𝐠𝐞Here's an example of swapping from USDC to ELYS:0.013% Price impact (pretty low, huh? 😎)1% Slippage tolerance (default setting)But what does this all mean?Let's...
Because documentation and DeFi can sometimes be too complicated. The professor will guide you through everything you might want to know.
Elys Network AcademyLeverage LP
The professor is back! Now it’s time for you to understand the concept of our Leverage Liquidity provisioning feature.IntroductionIn the evolving world of decentralized finance (DeFi), various innovative mechanisms are emerging to optimize capital efficiency and provide better opportunities for investors. One such innovation is the concept of leveraged liquidity provisioning. This article aims to demystify leveraged LPs, explaining how they function, their benefits, and the risks involved, us...
Elys Network AcademyElys Network Staking Feature
𝐄𝐯𝐞𝐫 𝐰𝐨𝐧𝐝𝐞𝐫𝐞𝐝 𝐡𝐨𝐰 𝐄𝐥𝐲𝐬 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐬𝐭𝐚𝐤𝐢𝐧𝐠 𝐟𝐞𝐚𝐭𝐮𝐫𝐞 𝐰𝐨𝐫𝐤𝐬? Let's find out in the book of truth ! First, let's briefly review Elys Network's revenue distribution:𝐒𝐭𝐚𝐤𝐞𝐫𝐬/𝐃𝐞𝐥𝐞𝐠𝐚𝐭𝐨𝐫𝐬: 𝟑𝟎%Liquidity Providers: 60%Elys Protocol: 10%All revenues are distributed in USDC. This distribution may be subject to change with CosmosHUB PSS integration. But how are these revenues distributed to stakers?Part of it goes to 𝐔𝐒𝐃𝐂 𝐬𝐭𝐚...
Elys Network AcademyPrice impact Vs Slippage
Have you ever wondered: ▪️ 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐬𝐥𝐢𝐩𝐩𝐚𝐠𝐞 𝐚𝐧𝐝 𝐩𝐫𝐢𝐜𝐞 𝐢𝐦𝐩𝐚𝐜𝐭? Let's find out in the book of truth !👇 When you trade on a classic pool, also known as a fixed weighted pool in our AMM, you expose yourself to :𝐏𝐫𝐢𝐜𝐞 𝐢𝐦𝐩𝐚𝐜𝐭𝐒𝐥𝐢𝐩𝐩𝐚𝐠𝐞Here's an example of swapping from USDC to ELYS:0.013% Price impact (pretty low, huh? 😎)1% Slippage tolerance (default setting)But what does this all mean?Let's...
Because documentation and DeFi can sometimes be too complicated. The professor will guide you through everything you might want to know.
Subscribe to Elys Network Academy
Subscribe to Elys Network Academy
Share Dialog
Share Dialog
>100 subscribers
>100 subscribers
Have you ever wondered:
▪️ 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐖𝐫𝐚𝐩𝐩𝐞𝐝 𝐚𝐬𝐬𝐞𝐭 ?
Interoperability is crucial for crypto industry scalability.
The professor will delve deeper into this topic.
Let's find out in the book of truth !
Do you know the difference between a coin and a token?
For example:
Bitcoin is a coin.
Ethereum is a coin.
Wrapped ETH is a token.
Elys is a coin.
Uniswap is a token.
Coins are digital assets that are native to their own blockchain. They are independent and operate on their own network.
Some examples :
BTC
ATOM
ETH
ELYS
Tokens, on the other hand, are digital assets that operate on an existing blockchain network.
They do not have their own blockchain to operate on but require another blockchain platform to operate.
They often rely on smart contracts and take the form of an ERC-20, CW-20, TR-20, etc.
For the reasons explained above, Bitcoin stays within the Bitcoin ecosystem, and ETH remains in the ETH ecosystem.
To enable interoperability, bridges and wrapped assets were introduced.
A wrapped asset is a tokenized version of an existing crypto Coin.
(Notice the distinction between Token and Coin is crucial.)
Typically, the original coin backs the asset, allowing the holder to redeem it for the coin at any time.
WBTC represents a tokenized version of BTC.
Wrapped tokens are commonly used in the following way:
Deposit your BTC into a smart contract or another messaging service.
Mint a WBTC.
Obtain WBTC.
However, what risks are involved?
If the smart contract is compromised, redemption may not be possible at a 1:1 ratio.
For IBC protocol, the process differs slightly. It is more akin to a TCP/IP protocol.
Lock ATOM on the source chain.
Mint an ATOM on the destination chain.
As long as the relayers are operational (all validators oversee the relayers), you can redeem in a 1:1 ratio.
Another alternative utilized by Noble is native asset issuance.
Deposit your USD
Circle mints USDC
Receive them on Noble
You can always redeem them 1:1, unlike with a bridge.
Your only risk is Circle in this example.
When assets are wrapped, there is a risk of smart contract hacking.
Using IBC eliminates bridge risk but introduces the risk of chain halting.
Issuing native assets carries the risk of company default.
Have you ever wondered:
▪️ 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐖𝐫𝐚𝐩𝐩𝐞𝐝 𝐚𝐬𝐬𝐞𝐭 ?
Interoperability is crucial for crypto industry scalability.
The professor will delve deeper into this topic.
Let's find out in the book of truth !
Do you know the difference between a coin and a token?
For example:
Bitcoin is a coin.
Ethereum is a coin.
Wrapped ETH is a token.
Elys is a coin.
Uniswap is a token.
Coins are digital assets that are native to their own blockchain. They are independent and operate on their own network.
Some examples :
BTC
ATOM
ETH
ELYS
Tokens, on the other hand, are digital assets that operate on an existing blockchain network.
They do not have their own blockchain to operate on but require another blockchain platform to operate.
They often rely on smart contracts and take the form of an ERC-20, CW-20, TR-20, etc.
For the reasons explained above, Bitcoin stays within the Bitcoin ecosystem, and ETH remains in the ETH ecosystem.
To enable interoperability, bridges and wrapped assets were introduced.
A wrapped asset is a tokenized version of an existing crypto Coin.
(Notice the distinction between Token and Coin is crucial.)
Typically, the original coin backs the asset, allowing the holder to redeem it for the coin at any time.
WBTC represents a tokenized version of BTC.
Wrapped tokens are commonly used in the following way:
Deposit your BTC into a smart contract or another messaging service.
Mint a WBTC.
Obtain WBTC.
However, what risks are involved?
If the smart contract is compromised, redemption may not be possible at a 1:1 ratio.
For IBC protocol, the process differs slightly. It is more akin to a TCP/IP protocol.
Lock ATOM on the source chain.
Mint an ATOM on the destination chain.
As long as the relayers are operational (all validators oversee the relayers), you can redeem in a 1:1 ratio.
Another alternative utilized by Noble is native asset issuance.
Deposit your USD
Circle mints USDC
Receive them on Noble
You can always redeem them 1:1, unlike with a bridge.
Your only risk is Circle in this example.
When assets are wrapped, there is a risk of smart contract hacking.
Using IBC eliminates bridge risk but introduces the risk of chain halting.
Issuing native assets carries the risk of company default.
No activity yet