Elys Network’s January 2024 Update: Testnet, Airdrop, and more
As we closed 2023 and stepped into a bright 2024, the Elys Network team stands high on new milestones and a growing community presence.
What is Elys Network?
Elys Network is launching a premier NextGen decentralized perpetual trading and leverage LP platform. As a fast Layer 1 blockchain, Elys is highly interoperable, scalable, and secure, with ultra-low fees. We designed a self-sustaining revenue generating ecosystem with multiple products such as USDC staking, leverage LP, perpetual trading and spot trading. We’ve incorporated feedback from thousands of users to build and enhance features to accomodate new users to Cosmos and become the platform of choice for advanced users. What sets us apart from the rest?
- USDC-paired and multi-token liquidity pools give users a wide set of diversification and risk tolerance options.
- Custom built decentralized oracle using a minimum of three sources to prevent price manipulation. Elys Network’s oracle-based arbitrage free pricing model aggregates liquidity from various platforms and offers the best slippage in the marketplace.
- Our world-class WepApp includes a seamless onboarding option using account abstraction, such as email login, as well as easy on/off ramp solutions to help bridge web2 and web3.
- Multi-token model incentivizes users with vesting rewards and multipliers for long term network participation while keeping the ecosystem healthy.
- Permissionless pool design offers 24x7 continuous liquidity
Community Growth
Our social platforms have experienced a substantial 30% increase in Members, which highlights the community’s growing interest and belief in our project. We’re excited to report that we now have:
- 7,000+ X (Twitter) followers
- 8,800 Discord members
- 18,000+ web app signups
Mobile/WebApp TestNet Release
With the test-net of our mobile/web application slated to go live in the very near future, we’re making strides towards fine-tuning our service offerings based on user feedback. We are very excited to have exceeded our goal for webapp signups by 5x. This step is crucial as we prepare for the seamless introduction of our main-net once the audit by Halborn Security is completed.
Airdrop and Growth
Are you staking? We will release our airdrop design and eligibility in the coming weeks. Leap Wallet, one of our strategic partners, is tracking our airdrop at https://cosmos.leapwallet.io/airdrops. Follow us on X and join our discord for more announcements on our airdrop!
Growing everyday! As we advance towards our main-net launch, we are seeing a tremendous increase in community participation. We are grateful for the many volunteers who have stepped up to provide infrastructure services, community outreach, and platform testing. For those interested in further participating, we invite you to get in touch with us to discuss the opportunity further.
For quick access, Elys Network’s Linktree contains links to all of our resources:
Your support has been fundamental to our progress, and we are ever more dedicated to our mission as we approach significant launches and milestones. We look forward to the possibility of having you join us in this exciting phase!
Elys Network Team
