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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Today, we're excited to unveil the rewards for Incentivized Mainnet Season 1 and explain how future seasons will work.
Let’s begin with the major change we’re applying to what was previously labeled “Airdrop” in our tokenomics.
We’re renaming this category User Incentives, which still represents 14% of our total token supply.
You can access the Reward Center here:
Previously, we had allocated 3,156,296 ELYS / EDEN for the Incentivized Mainnet. Now, that allocation has grown to a total of 28,000,000 ELYS / EDEN for the Reward Program.
These tokens will be distributed over time, across multiple seasons. There’s no fixed schedule for when the full 28M tokens will be released.
Why this change?
The purpose of this supply is to reward users for participating daily in the Elys ecosystem—whether by providing liquidity, making swaps, staking ELYS, or interacting with other platform features over time.
Adding liquidity to our pools
Staking $ELYS
Swapping on the DEX
For Season 2, we’ve chosen to keep the same structure. During our bootstrapping phase, the goal is to reward those who help grow our TVL (unlocking features like our PerpDEX) and those who stake $ELYS .
Over the coming months and years, each season will evolve. They will focus on specific features or behaviors, helping us reward loyal and active users accordingly (NFT holders / liquidity providers / $ELYS holders/stakers and more).
This is not a one-time campaign—it’s a loyalty program, designed to continuously reward your activity and involvement on Elys Network.
Season Timeline
Season 1: December 18 → March 18 (3 months)
Season 2: March 18 → September 18 (6 months)
Each season may vary in duration, depending on product updates or new releases. We will also likely do some inter-season updates to add a little fun or boost the use of a feature, for example.
For example, while Season 2 lasts 6 months, Season 3 could last only 3 weeks or 2 months depending of what is the goal of this season. There’s no fixed rule. We know predictability is easier for you—but sometimes we’ll need flexibility.
Season 2 is about growth and we want to keep this season long enough to be able to see the outcomes while we are preparing Elys v2.
Each season has a specific goal, and for now, as we test how this can work in the long run, we will try out several different formats to determine which one works best for our users and supports our growth.
The guiding principle: just keep using Elys, stake your $ELYS—your activity will be rewarded. We’re not here to run a one-off airdrop. Our goal is long-term engagement and real value creation with our Reward Program.
The goal was to reward you for three main quests. Rewards were calculated based on your average TVL, as explained in our original Season 1 article.
In short: The more TVL you had—and the longer you kept it on Elys—the higher your rewards.
NFT Holders Got TVL Boosts:
Legends: 3.5x boost per NFT (capped at $400 TVL/NFT)
Hordes: 2x multiplier (also capped at $400 TVL/NFT)
Legends are available here :
Elysian Legends NFTs are more than just collectibles, they come with real utility on the Elys Network chain. Once you own one, there's no turning back. The journey begins now,explore a new world where your NFTs truly matter.
Hordes are available here:
Elysian Horde NFTs are more than just collectibles, they come with real utility on the Elys Network chain. Once you own one, there's no turning back. The journey begins now,explore a new world where your NFTs truly matter.
These boosts will remain in future seasons, unless otherwise stated.
Example: If you had a Gold NFT and $400 TVL, we counted your TVL as: $400 × 3.5 = $1,400 More NFTs = more bonus TVL (2 NFTs = $800 base TVL boost, 10 NFTs = $4,000, etc.)
This structure rewards NFT holders by giving tangible utility to the collections.
Holding an NFT + Having TVL on the DEX = More Rewards
50% for Liquidity Providers
45% for ELYS Stakers
5% for Swappers
For LPs and stakers: rewards are TVL-based
For swappers: based on the number of completed quests
Reward Calculation Formula
TVL (average) × Days Participated × EDEN/day per $1( TVL / ELYS Staking)
Example 1(No NFTs):
TVL: $4,500 in $ELYS Staked / $1000 in Liquidity provided ($5500 in total)
Participation: 90 days (Maximum)
Result: 2,103 $EDEN = APR 30%
Example 2 (with 5 Gold NFTs):
Base TVL: $1,000 in $ELYS Staked / $1000 in Liquidity provided ($2000 in total)
Boosted TVL: $7,000
Participation: 90 days (Maximum)
Result: 3,009 $EDEN = APR 120.36%
This shows how significant NFT boosts can be in the Reward Program.
Now if you do the calculations based on 30 days of participation:
Example 1: $EDEN APR 10.2%
Example 2: $EDEN APR 40.12%
Note that this APR is in addition to what you earn on the DEX. In the second example, the user earned:
75% APR in the pool + 120% APR from the rewards center = 195% APR in total during the period.
50% APR for staking ELYS + 120% APR from the rewards center = 170% APR in total during the period
Average APR over the 3 month is: 80% APR extra on top of what you earn every day.
The number of people who qualified: 3,615 based on a minimum of $10 on average for the staking or liquidity providing period.
The Cadet rewards have been reviewed and updated.
Total allocated: 428,400 tokens
Already distributed at TGE: 213,156 ELYS
Remaining to distribute: 215,244 tokens
After reviewing recent activity, all Cadets who met the previously defined criteria (social activity + on-app engagement) will now receive the remaining portion
375 EDEN per eligible Cadet
This represents roughly half of the Cadets who are still active and contributing and half of the remaining allocation.
The remaining Cadets will be eligible for a third allocation aligned with Season 2. More details on this will be shared next week, including an appeal window for those who believe they should have been selected and weren’t.
Majors Allocation
The Majors allocation has been split into 4 tiers:
Tier 0 – Participated early but sporadically; no longer active.
Tier 1 – Strong early contributors; no longer active.
Tier 2 – Consistent contributors over the past few months; still active.
Tier 3 – Ongoing contributors with clear added value; actively involved.
At the end of this phase:
Tier 0 and Tier 1 members will have their Major role removed, unless they decide to re-engage.
More information will be shared next week in the Majors channel, including steps to rejoin for those who wish to stay involved.
This system is built to reward ongoing participation, not just hype-driven spikes. We're building for the long term, and this Reward Program & our Major / Cadet Program reflects that commitment.
You will discover the total amount of $EDEN allocated to each part on the day of the claim for:
Majors
Cadets
Reward program
In the meantime, you know what to expect from your participation thanks to the examples above.
We are very pleased to be able to reward you for your overall contribution to the growth of Elys Network. This is just the beginning of a great adventure.
See you on May 29 to claim your rewards. 👊
Today, we're excited to unveil the rewards for Incentivized Mainnet Season 1 and explain how future seasons will work.
Let’s begin with the major change we’re applying to what was previously labeled “Airdrop” in our tokenomics.
We’re renaming this category User Incentives, which still represents 14% of our total token supply.
You can access the Reward Center here:
Previously, we had allocated 3,156,296 ELYS / EDEN for the Incentivized Mainnet. Now, that allocation has grown to a total of 28,000,000 ELYS / EDEN for the Reward Program.
These tokens will be distributed over time, across multiple seasons. There’s no fixed schedule for when the full 28M tokens will be released.
Why this change?
The purpose of this supply is to reward users for participating daily in the Elys ecosystem—whether by providing liquidity, making swaps, staking ELYS, or interacting with other platform features over time.
Adding liquidity to our pools
Staking $ELYS
Swapping on the DEX
For Season 2, we’ve chosen to keep the same structure. During our bootstrapping phase, the goal is to reward those who help grow our TVL (unlocking features like our PerpDEX) and those who stake $ELYS .
Over the coming months and years, each season will evolve. They will focus on specific features or behaviors, helping us reward loyal and active users accordingly (NFT holders / liquidity providers / $ELYS holders/stakers and more).
This is not a one-time campaign—it’s a loyalty program, designed to continuously reward your activity and involvement on Elys Network.
Season Timeline
Season 1: December 18 → March 18 (3 months)
Season 2: March 18 → September 18 (6 months)
Each season may vary in duration, depending on product updates or new releases. We will also likely do some inter-season updates to add a little fun or boost the use of a feature, for example.
For example, while Season 2 lasts 6 months, Season 3 could last only 3 weeks or 2 months depending of what is the goal of this season. There’s no fixed rule. We know predictability is easier for you—but sometimes we’ll need flexibility.
Season 2 is about growth and we want to keep this season long enough to be able to see the outcomes while we are preparing Elys v2.
Each season has a specific goal, and for now, as we test how this can work in the long run, we will try out several different formats to determine which one works best for our users and supports our growth.
The guiding principle: just keep using Elys, stake your $ELYS—your activity will be rewarded. We’re not here to run a one-off airdrop. Our goal is long-term engagement and real value creation with our Reward Program.
The goal was to reward you for three main quests. Rewards were calculated based on your average TVL, as explained in our original Season 1 article.
In short: The more TVL you had—and the longer you kept it on Elys—the higher your rewards.
NFT Holders Got TVL Boosts:
Legends: 3.5x boost per NFT (capped at $400 TVL/NFT)
Hordes: 2x multiplier (also capped at $400 TVL/NFT)
Legends are available here :
Elysian Legends NFTs are more than just collectibles, they come with real utility on the Elys Network chain. Once you own one, there's no turning back. The journey begins now,explore a new world where your NFTs truly matter.
Hordes are available here:
Elysian Horde NFTs are more than just collectibles, they come with real utility on the Elys Network chain. Once you own one, there's no turning back. The journey begins now,explore a new world where your NFTs truly matter.
These boosts will remain in future seasons, unless otherwise stated.
Example: If you had a Gold NFT and $400 TVL, we counted your TVL as: $400 × 3.5 = $1,400 More NFTs = more bonus TVL (2 NFTs = $800 base TVL boost, 10 NFTs = $4,000, etc.)
This structure rewards NFT holders by giving tangible utility to the collections.
Holding an NFT + Having TVL on the DEX = More Rewards
50% for Liquidity Providers
45% for ELYS Stakers
5% for Swappers
For LPs and stakers: rewards are TVL-based
For swappers: based on the number of completed quests
Reward Calculation Formula
TVL (average) × Days Participated × EDEN/day per $1( TVL / ELYS Staking)
Example 1(No NFTs):
TVL: $4,500 in $ELYS Staked / $1000 in Liquidity provided ($5500 in total)
Participation: 90 days (Maximum)
Result: 2,103 $EDEN = APR 30%
Example 2 (with 5 Gold NFTs):
Base TVL: $1,000 in $ELYS Staked / $1000 in Liquidity provided ($2000 in total)
Boosted TVL: $7,000
Participation: 90 days (Maximum)
Result: 3,009 $EDEN = APR 120.36%
This shows how significant NFT boosts can be in the Reward Program.
Now if you do the calculations based on 30 days of participation:
Example 1: $EDEN APR 10.2%
Example 2: $EDEN APR 40.12%
Note that this APR is in addition to what you earn on the DEX. In the second example, the user earned:
75% APR in the pool + 120% APR from the rewards center = 195% APR in total during the period.
50% APR for staking ELYS + 120% APR from the rewards center = 170% APR in total during the period
Average APR over the 3 month is: 80% APR extra on top of what you earn every day.
The number of people who qualified: 3,615 based on a minimum of $10 on average for the staking or liquidity providing period.
The Cadet rewards have been reviewed and updated.
Total allocated: 428,400 tokens
Already distributed at TGE: 213,156 ELYS
Remaining to distribute: 215,244 tokens
After reviewing recent activity, all Cadets who met the previously defined criteria (social activity + on-app engagement) will now receive the remaining portion
375 EDEN per eligible Cadet
This represents roughly half of the Cadets who are still active and contributing and half of the remaining allocation.
The remaining Cadets will be eligible for a third allocation aligned with Season 2. More details on this will be shared next week, including an appeal window for those who believe they should have been selected and weren’t.
Majors Allocation
The Majors allocation has been split into 4 tiers:
Tier 0 – Participated early but sporadically; no longer active.
Tier 1 – Strong early contributors; no longer active.
Tier 2 – Consistent contributors over the past few months; still active.
Tier 3 – Ongoing contributors with clear added value; actively involved.
At the end of this phase:
Tier 0 and Tier 1 members will have their Major role removed, unless they decide to re-engage.
More information will be shared next week in the Majors channel, including steps to rejoin for those who wish to stay involved.
This system is built to reward ongoing participation, not just hype-driven spikes. We're building for the long term, and this Reward Program & our Major / Cadet Program reflects that commitment.
You will discover the total amount of $EDEN allocated to each part on the day of the claim for:
Majors
Cadets
Reward program
In the meantime, you know what to expect from your participation thanks to the examples above.
We are very pleased to be able to reward you for your overall contribution to the growth of Elys Network. This is just the beginning of a great adventure.
See you on May 29 to claim your rewards. 👊
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