With sincere enthusiasm, we extend a warm welcome on behalf of the Elys Network Gazette.
Our goal is twofold:
Deliver a straightforward and accessible communication medium on a monthly basis
Maintain a strong connection with our community
In this inaugural edition of the gazette, we delve into the following subjects:
Milestones
Incentivized Campaign & Airdrop
Coming soon
Our growth has been remarkable, surpassing our initial expectations.
Today, we have:
99,000 Followers on X
355,000 WebApp users While daily quests take about 30 secondes to complete, our users are staying engaged an average of 9 minutes on the WebApp. (This speaks for itself)
213,000 Contributors on Bonus Block
15,000 followers on Instagram
The enthusiasm surrounding our project has been truly inspiring, and we're thrilled to witness such widespread participation.
This achievement stands as a testament to the tireless dedication of our founding team and development squad, who have poured months of hard work into making this possible.
Humbly, we extend our heartfelt gratitude to each and every one of you. Your engagement embodies our sense of community that runs deep down to our ethical core here at Elys Network. You are the engine of our success.
Thank you.
Since the launch of our testnet, we've had the opportunity to forge significant partnerships:
Informal Systems to join the Atom Economic Zone as a PSS chain.
Bonus Block for our Incentivized Campaign.
Cudos Intercloud for infrastructure services.
Stride to bring LST tokens on Elys Network seamlessly.
Persistence to add another LST layer to Elys Network.
Cheqd & Creds to empower our community to establish their Web3 Reputation.
Leap to bring you the smoothest DeFi experience for all your tokens.
The purpose behind all these partnerships is to further cultivate synergy within the Cosmos ecosystem.
Our ecosystem is teeming with projects featuring diverse technologies and objectives, spanning from DeFi to LST, DePin, and AI.
We genuinely aspire for all these unique products to be accessible to Elys Network users.
We have more partnerships in store, and we hope you'll be just as excited about them. Keep an eye out for future announcements!
We've been receiving numerous inquiries regarding our incentivized testnet, and we're pleased to see how well it has been received.
Many of these questions can actually find answers in the article we've already published :
https://mirror.xyz/elys-network.eth/fvQiuAKWWnz7PJDm3QiK8NQyZZok5K3fURPTuY3NJV4
For us, several key points were important:
Focusing on on-chain interactions to foster genuine user engagement and feedback, steering clear of engagement farming.
Ensuring clarity and readability in each phase.
Guaranteeing that no sybil behavior would be accepted.
Not requiring users to spend more than 1 minute of their time each day.
Today, these are points for which we receive commendation, and this achievement is the result of the dedication of our development team and the quality of the features we are unveiling at every phase.
Right now, we are here, in phase 4:
The upcoming Phase 5 will be tied to the Leverage LP feature and is expected to begin shortly.
Our development team is currently fine-tuning the last details to maintain our commitment to delivering the best possible user experience. (find more information below)
As always, a new quest will be available for you on Bonus Block.
As you're aware, our Airdrop is divided into three parts:
Cosmos stakers (ATOM / stATOM / stkATOM)
Users of our Testnet (and Mainnet upon launch)
Members of our community (Cadets / Brigadiers)
What you might not be aware of, however, is that 63% of the supply allocated to the airdrop will be distributed during the initial airdrop.
Specifically, 37% will be reserved for future airdrops throughout the first year of the Elys Network’s existence.
Furthermore, any unclaimed tokens will be added to future airdrops each time a claim period concludes.
This ensures that our most loyal members will always be rewarded.
The specific eligibility criteria for Cosmos stakers will be provided just before our launch. To ensure fairness, we'll be utilizing a mechanism known as quadratic airdrop distribution, which aims to maximize the value for small stakers without undervaluing larger stakers.
Of course, to uphold decentralization principles, we will exclude CEX validators.
Important Update on Our New Features: Leverage LP & PerpDEX
Leverage LP: A New Dimension of Liquidity
Our Leverage LP feature is designed to transform your liquidity provisioning experience by enabling the use of leverage. This will open new opportunities to maximize your returns while managing risks effectively. We plan to make Leverage LP available in the coming weeks.
We'd like to give you a sneak peek just for you :
PerpDEX: Our Perpetual trading page
As for PerpDEX, it will introduce an integrated perpetual exchange interface to our platform, offering fluidity, speed, and security.
Why phase 4 is longer than phase 3?
We know you're looking forward to our Leverage LP feature, but the user experience is our utmost priority.
Over the last few weeks we've been developing a number of optimizations that will all be coming very soon:
Code Source Refactoring + new implementations: We are currently refactoring our source code, this step is crucial to improving the fluidity, speed, and simplicity of using our WebApp. On top of that, we will integrate key features such as Masterchef + E-staking + a whole set of improvements to our Webapp. An article dedicated to these implementations will be available soon, providing you with all the necessary details(as always).
Integration with InterChain Security V2: Reworking and reviewing our Binary for integration with InterChain Security V2 (Partial Set Security) is another priority to make sure we’re ready for our mainnet launch.
We all know you can't wait to see our Whitepaper and find out about our fundraising campaign, don't you?
It's on its way, so be patient!
This is just the beginning of an exciting journey that will pick up pace in the weeks ahead.
We want to express our gratitude to each one of you because you are the key to our success.
Our community will always be the heart and soul of our project.
Elys NetworkElys Network on Base: The Next Chapter Begins
It’s now been two months since we announced our migration to Base, and while we’ve been sharing regular updates on Discord, it’s time to give everyone a full overview here! Our announcement was met with an incredible response from our community, and since then, we’ve been working hard to make this new journey a reality as quickly as possible. As development accelerates and our team continues to evolve to meet EVM requirements, it’s the right moment to share where we stand and what comes next....
Elys NetworkElys Network Announces Full Transition to Base
Over the last eight months, Elys Network has built, innovated, and learned — with our community at the heart of everything. We also know it hasn’t been an easy journey. Markets have been tough, ELYS has seen challenges, and many of you have stood by us even when it wasn’t easy. That loyalty matters — and it’s why we’re making this next move with you, and above all, for you. Today, we’re announcing that Elys Network will transition from the Cosmos ecosystem to Ethereum’s Base network — under a...
Elys NetworkElys Network: Reworked Tokenomics & Airdrop
After much anticipation, we’re excited to unveil the revamped tokenomics and airdrop plan.Table of contents:Elys Network JourneyUpdated Tokenomics BreakdownUpdated Airdrop DetailsReward Center OverviewElys Network JourneyA Quick Recap:Elys Network was built with one simple goal: to fix DeFi. We’ve created an environment where:Impermanent loss is no longer a concern, allowing liquidity providers to embrace volatility in their pools and utilize stablecoins without fear.Rewards are distributed i...
NextGen oracle-based Decentralized Perpetual Trading and Leverage Lending platform, featuring ETF style multi-asset Index Pools. Highly Scal
With sincere enthusiasm, we extend a warm welcome on behalf of the Elys Network Gazette.
Our goal is twofold:
Deliver a straightforward and accessible communication medium on a monthly basis
Maintain a strong connection with our community
In this inaugural edition of the gazette, we delve into the following subjects:
Milestones
Incentivized Campaign & Airdrop
Coming soon
Our growth has been remarkable, surpassing our initial expectations.
Today, we have:
99,000 Followers on X
355,000 WebApp users While daily quests take about 30 secondes to complete, our users are staying engaged an average of 9 minutes on the WebApp. (This speaks for itself)
213,000 Contributors on Bonus Block
15,000 followers on Instagram
The enthusiasm surrounding our project has been truly inspiring, and we're thrilled to witness such widespread participation.
This achievement stands as a testament to the tireless dedication of our founding team and development squad, who have poured months of hard work into making this possible.
Humbly, we extend our heartfelt gratitude to each and every one of you. Your engagement embodies our sense of community that runs deep down to our ethical core here at Elys Network. You are the engine of our success.
Thank you.
Since the launch of our testnet, we've had the opportunity to forge significant partnerships:
Informal Systems to join the Atom Economic Zone as a PSS chain.
Bonus Block for our Incentivized Campaign.
Cudos Intercloud for infrastructure services.
Stride to bring LST tokens on Elys Network seamlessly.
Persistence to add another LST layer to Elys Network.
Cheqd & Creds to empower our community to establish their Web3 Reputation.
Leap to bring you the smoothest DeFi experience for all your tokens.
The purpose behind all these partnerships is to further cultivate synergy within the Cosmos ecosystem.
Our ecosystem is teeming with projects featuring diverse technologies and objectives, spanning from DeFi to LST, DePin, and AI.
We genuinely aspire for all these unique products to be accessible to Elys Network users.
We have more partnerships in store, and we hope you'll be just as excited about them. Keep an eye out for future announcements!
We've been receiving numerous inquiries regarding our incentivized testnet, and we're pleased to see how well it has been received.
Many of these questions can actually find answers in the article we've already published :
https://mirror.xyz/elys-network.eth/fvQiuAKWWnz7PJDm3QiK8NQyZZok5K3fURPTuY3NJV4
For us, several key points were important:
Focusing on on-chain interactions to foster genuine user engagement and feedback, steering clear of engagement farming.
Ensuring clarity and readability in each phase.
Guaranteeing that no sybil behavior would be accepted.
Not requiring users to spend more than 1 minute of their time each day.
Today, these are points for which we receive commendation, and this achievement is the result of the dedication of our development team and the quality of the features we are unveiling at every phase.
Right now, we are here, in phase 4:
The upcoming Phase 5 will be tied to the Leverage LP feature and is expected to begin shortly.
Our development team is currently fine-tuning the last details to maintain our commitment to delivering the best possible user experience. (find more information below)
As always, a new quest will be available for you on Bonus Block.
As you're aware, our Airdrop is divided into three parts:
Cosmos stakers (ATOM / stATOM / stkATOM)
Users of our Testnet (and Mainnet upon launch)
Members of our community (Cadets / Brigadiers)
What you might not be aware of, however, is that 63% of the supply allocated to the airdrop will be distributed during the initial airdrop.
Specifically, 37% will be reserved for future airdrops throughout the first year of the Elys Network’s existence.
Furthermore, any unclaimed tokens will be added to future airdrops each time a claim period concludes.
This ensures that our most loyal members will always be rewarded.
The specific eligibility criteria for Cosmos stakers will be provided just before our launch. To ensure fairness, we'll be utilizing a mechanism known as quadratic airdrop distribution, which aims to maximize the value for small stakers without undervaluing larger stakers.
Of course, to uphold decentralization principles, we will exclude CEX validators.
Important Update on Our New Features: Leverage LP & PerpDEX
Leverage LP: A New Dimension of Liquidity
Our Leverage LP feature is designed to transform your liquidity provisioning experience by enabling the use of leverage. This will open new opportunities to maximize your returns while managing risks effectively. We plan to make Leverage LP available in the coming weeks.
We'd like to give you a sneak peek just for you :
PerpDEX: Our Perpetual trading page
As for PerpDEX, it will introduce an integrated perpetual exchange interface to our platform, offering fluidity, speed, and security.
Why phase 4 is longer than phase 3?
We know you're looking forward to our Leverage LP feature, but the user experience is our utmost priority.
Over the last few weeks we've been developing a number of optimizations that will all be coming very soon:
Code Source Refactoring + new implementations: We are currently refactoring our source code, this step is crucial to improving the fluidity, speed, and simplicity of using our WebApp. On top of that, we will integrate key features such as Masterchef + E-staking + a whole set of improvements to our Webapp. An article dedicated to these implementations will be available soon, providing you with all the necessary details(as always).
Integration with InterChain Security V2: Reworking and reviewing our Binary for integration with InterChain Security V2 (Partial Set Security) is another priority to make sure we’re ready for our mainnet launch.
We all know you can't wait to see our Whitepaper and find out about our fundraising campaign, don't you?
It's on its way, so be patient!
This is just the beginning of an exciting journey that will pick up pace in the weeks ahead.
We want to express our gratitude to each one of you because you are the key to our success.
Our community will always be the heart and soul of our project.
Elys NetworkElys Network on Base: The Next Chapter Begins
It’s now been two months since we announced our migration to Base, and while we’ve been sharing regular updates on Discord, it’s time to give everyone a full overview here! Our announcement was met with an incredible response from our community, and since then, we’ve been working hard to make this new journey a reality as quickly as possible. As development accelerates and our team continues to evolve to meet EVM requirements, it’s the right moment to share where we stand and what comes next....
Elys NetworkElys Network Announces Full Transition to Base
Over the last eight months, Elys Network has built, innovated, and learned — with our community at the heart of everything. We also know it hasn’t been an easy journey. Markets have been tough, ELYS has seen challenges, and many of you have stood by us even when it wasn’t easy. That loyalty matters — and it’s why we’re making this next move with you, and above all, for you. Today, we’re announcing that Elys Network will transition from the Cosmos ecosystem to Ethereum’s Base network — under a...
Elys NetworkElys Network: Reworked Tokenomics & Airdrop
After much anticipation, we’re excited to unveil the revamped tokenomics and airdrop plan.Table of contents:Elys Network JourneyUpdated Tokenomics BreakdownUpdated Airdrop DetailsReward Center OverviewElys Network JourneyA Quick Recap:Elys Network was built with one simple goal: to fix DeFi. We’ve created an environment where:Impermanent loss is no longer a concern, allowing liquidity providers to embrace volatility in their pools and utilize stablecoins without fear.Rewards are distributed i...
NextGen oracle-based Decentralized Perpetual Trading and Leverage Lending platform, featuring ETF style multi-asset Index Pools. Highly Scal
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