# Bootstrapping Phase: Boosted Rewards for Early Users

By [Elys Network](https://paragraph.com/@elys-network) · 2024-12-16

---

### **What is a Bootstrapping Phase and How Does It Work?**

A **bootstrapping phase** is a critical event at the launch of a project designed to:

*   **Boost adoption** by providing high APRs for a limited time.
    
*   **Accelerate token decentralization** by distributing more tokens over a short period of time.
    

This phase is typically **short-lived** and serves as a powerful incentive for early adopters.

* * *

### **Bootstrapping at Elys Network: Boosted Rewards for Early Users**

At launch, **Elys Network** will initiate a **Bootstrapping Program**, offering attractive rewards over a period of **1 to 3 months**, depending on the outcomes of each phase.

![](https://storage.googleapis.com/papyrus_images/af23988dec4748a7db31f4c9b281dd10361c7fd49d79c05a773e992b33eb8edb.jpg)

Elys Network distributes rewards using **two mechanisms**:

1.  **Incentives**: **EDEN** and **EDEN-Boost** tokens.
    
2.  **Fees**: Paid out in **USDC**, collected from all platform features.
    

_Learn more about the EDEN and EDEN-Boost mechanics at the end of this article._

Pool and staking Max APRs will be fixed for a few weeks, with a limited number of pools available to bootstrap the network.

* * *

### **Liquidity Pools and Rewards**

At launch, **Elys Network** will support 5 pools:

1.  **ELYS/USDC**
    
2.  **ATOM/USDC**
    
3.  **BTC/USDC**
    
4.  **ETH/USDC**
    
5.  **TIA/USDC**
    

![](https://storage.googleapis.com/papyrus_images/af23988dec4748a7db31f4c9b281dd10361c7fd49d79c05a773e992b33eb8edb.jpg)

**Bootstrapping Phase APRs** for early participants:

*   **ELYS-USDC**: **93.75% EDEN APR + USDC**.
    
*   **ATOM-USDC**: **75% EDEN APR + USDC**.
    
*   **BTC-USDC**: **75% EDEN APR + USDC**.
    
*   **ETH-USDC**: **75% EDEN APR + USDC**.
    
*   **TIA-USDC**: **75% EDEN APR + USDC**.
    

### Simple Staking and rewards:

At launch, Elys Network will support 4 Staking pools:

*   **ELYS: 50% EDEN APR + USDC**
    
*   **USDC: 45% EDEN APR + USDC**
    
*   **EDEN: 50% EDEN APR + USDC**
    
*   **EDEN-Boost: 50% EDEN APR + USDC**
    
*   **EDEN-Boost earned on Staked ELYS / EDEN : 100% APR**
    

![](https://storage.googleapis.com/papyrus_images/8b6d8441b98940b7f30ecb84405ad7cca6caf02c29930e55ade62f712d9ae240.jpg)

* * *

### **Additional Incentive: The Reward Center**

In addition to liquidity rewards, users can participate in the **Reward Center**, with a first 3-month incentive program distributing **extra token allocation** to early participants. This program offers an additional layer of benefits, making participation even more attractive.

### **How to Participate**

Joining the Reward Center is incredibly simple:

1.  Visit the **Reward Center** page.
    
2.  **Connect your wallet** and **link your Twitter account**.
    
3.  That’s it—you’re ready to start earning!
    

Once connected, you’ll have access to **two main sections**:

1.  **Affiliation Program**
    
    *   Invite your friends to join the platform.
        
    *   Earn a **percentage of the fees** they pay for their swaps (rewarded in **USDC**) every month.
        
2.  **Missions**
    
    *   Tasks include keeping your liquidity **active in pools**, maintaining your **ELYS/USDC staked**, and **trading**.
        

* * *

### **Progress and Rewards**

For each day of participation, your progress is recorded with a **blue dot** in the **weekly progression tracker**.

*   The more blue dots you collect, the higher your eligibility for **larger rewards**.
    

![](https://storage.googleapis.com/papyrus_images/c5f7bc383d49ee051e51d91f283ee0bb0050bcd9a175a5c7fbbd3cad61c4aa55.png)

* * *

### **How USDC rewards Work**

By participating in **Simple Staking** and **Liquidity Mining**, users earn dual rewards:

*   **EDEN**: A form of ELYS derivative token with unique utility. (more information below)
    
*   **USDC**: Directly generated from platform activity.
    

**USDC APR** varies depending on the utilization rates of Elys Network’s features, which include transaction fees, swap fees, margin interest, and others.

![](https://storage.googleapis.com/papyrus_images/0e86a63a6613bc2b356f64d75104b0a01b81a886ba34819b30f0560731c75af7.jpg)

**EDEN** rewards are distributed at a **fixed APR**. EDEN tokens can be:

*   **Staked** to earn the same rewards as ELYS tokens.
    
*   **Vested** for ELYS tokens at a **1:1 ratio** over a 3-month linear vesting period.
    

### **What is EDEN and EDEN-Boost?**

*   **EDEN** is a form of ELYS **derivative token** that offers the exact same utilities while protecting the ELYS token:
    
    *   **‘Commit it’** to earn **the same rewards as ELYS**.
        
    *   **‘Vest it’** into ELYS over 3 months at a **1:1 ratio**.
        
*   **EDEN-Boost is a multiplier** token that is earned while **ELYS is ‘staked’** or **EDEN is ‘committed’.** Its purpose is to reward long-term users.
    
    The APR for at which EDEN-Boost is earned is 100%. EDEN-Boost can also be **‘committed’** further to earn additional EDEN. EDEN-Boost is a way to multiply the rewards for staking ELYS or **‘committing’** EDEN for a longer period of time.
    

![](https://storage.googleapis.com/papyrus_images/0350ef8e2e7a4006ddb7c09137040f4354d60aa2c7752e56a78dc8b84b78847a.jpg)

Within the Elys Network ecosystem, the more you stake, the more you earn—it's that simple.

By staking ELYS, USDC, EDEN, or EDEN-Boost, you’ll accumulate increasing rewards daily, along with fees paid in USDC.

---

*Originally published on [Elys Network](https://paragraph.com/@elys-network/bootstrapping-phase-boosted-rewards-for-early-users)*