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
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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It's time for the Elys Network Gazette edition #2 !
Today, we want to cover several topics:
Our growth
Our new upgrade
What's in the pipeline
We are proud of our community and how it continues to grow day by day. Here are some key statistics on our recent growth:
615,000 unique users (with different IP addresses) on our testnet.
Over 60,000 daily users.
16,600,000 views on our website elys.network.
133,000 followers on X with an impressive engagement rate.
25,000 followers on Instagram.
47,000 members on Discord.
1500 total participants in the giant bounty.
We are truly honored to see so many people participating. Your support is invaluable to us!
We have started to share information about our investors who participated in our Seed Round:
We haven't revealed all of them yet, so stay tuned for more details in the coming weeks!
Our team is also growing. Three new developers have recently joined us, and we are looking for new talent to complete our team.
We have undertaken a code refactoring and implemented important new features.
See the short video below :
Masterchef: A reward distribution module based on blocks rather than epochs. This reduces the impact of epoch calculations, which previously caused a downtime every 4 hours. Thanks to Masterchef, the chain will be more efficient and faster, distributing rewards continuously throughout the day.
E-Staking: This allows reward distribution similar to Elys staking for Eden and Eden-boost with the help of two validators dedicated to reward distribution without participating in consensus. This is a very innovative approach.
Rewards are now displayed on each Liquidity position row as part of the Liquidity Positions table.
Rewards can be claimed from every individual liquidity position row as part of the Liquidity Positions table.
“54 years to unstake” visual bug was resolved.
Daily downtime issue caused by the epoch was resolved, no more daily downtimes.
Elys staking issue where sometimes it would just display --- for some users was resolved.
Input fields are colored blue for better visibility.
Added a pencil icon to indicate that you can edit Limit Sell, Limit Buy, or Stop Loss orders, making it easier to modify your orders.
New dropdown button for easier navigation and selection.
Added a High Weight Breaking Fee alert for the user.
Added a High Price Impact Alert for the user.
Added tooltips to explain the Weight Recovery Fee and Breaking Fee.
Removed the ‘Fee Discount’ and highlighted savings on the amount.
Leverage LP and PerpDex: Now that the chain will be much more stable without downtime every 4 hours, we can implement these new features without any issues. It was crucial to have a chain that could support these features without interruptions, which is why we developed this update before launching the new features.
New Partnership: We are working with new ecosystem players to introduce BTC for both staking and native trading on Elys. You'll soon have the opportunity to learn more about it.
Consensus and Our Side Event: In the coming days, we will unveil our side event planned for Consensus, where we are co-hosting with renowned projects. More exciting details will follow soon.
Thank you once again for your continued support. We're proud of what we're building, and especially proud of our exceptional community!
The Elys Network Team
It's time for the Elys Network Gazette edition #2 !
Today, we want to cover several topics:
Our growth
Our new upgrade
What's in the pipeline
We are proud of our community and how it continues to grow day by day. Here are some key statistics on our recent growth:
615,000 unique users (with different IP addresses) on our testnet.
Over 60,000 daily users.
16,600,000 views on our website elys.network.
133,000 followers on X with an impressive engagement rate.
25,000 followers on Instagram.
47,000 members on Discord.
1500 total participants in the giant bounty.
We are truly honored to see so many people participating. Your support is invaluable to us!
We have started to share information about our investors who participated in our Seed Round:
We haven't revealed all of them yet, so stay tuned for more details in the coming weeks!
Our team is also growing. Three new developers have recently joined us, and we are looking for new talent to complete our team.
We have undertaken a code refactoring and implemented important new features.
See the short video below :
Masterchef: A reward distribution module based on blocks rather than epochs. This reduces the impact of epoch calculations, which previously caused a downtime every 4 hours. Thanks to Masterchef, the chain will be more efficient and faster, distributing rewards continuously throughout the day.
E-Staking: This allows reward distribution similar to Elys staking for Eden and Eden-boost with the help of two validators dedicated to reward distribution without participating in consensus. This is a very innovative approach.
Rewards are now displayed on each Liquidity position row as part of the Liquidity Positions table.
Rewards can be claimed from every individual liquidity position row as part of the Liquidity Positions table.
“54 years to unstake” visual bug was resolved.
Daily downtime issue caused by the epoch was resolved, no more daily downtimes.
Elys staking issue where sometimes it would just display --- for some users was resolved.
Input fields are colored blue for better visibility.
Added a pencil icon to indicate that you can edit Limit Sell, Limit Buy, or Stop Loss orders, making it easier to modify your orders.
New dropdown button for easier navigation and selection.
Added a High Weight Breaking Fee alert for the user.
Added a High Price Impact Alert for the user.
Added tooltips to explain the Weight Recovery Fee and Breaking Fee.
Removed the ‘Fee Discount’ and highlighted savings on the amount.
Leverage LP and PerpDex: Now that the chain will be much more stable without downtime every 4 hours, we can implement these new features without any issues. It was crucial to have a chain that could support these features without interruptions, which is why we developed this update before launching the new features.
New Partnership: We are working with new ecosystem players to introduce BTC for both staking and native trading on Elys. You'll soon have the opportunity to learn more about it.
Consensus and Our Side Event: In the coming days, we will unveil our side event planned for Consensus, where we are co-hosting with renowned projects. More exciting details will follow soon.
Thank you once again for your continued support. We're proud of what we're building, and especially proud of our exceptional community!
The Elys Network Team
Hello, dear members of Elys network and the Cosmos HUB community,
Hello, dear members of Elys network and the Cosmos HUB community,
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