Introducing Elys Network: Bringing Sustainable DeFi to the Cosmos Ecosystem
Welcome to Elys Network
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
- Cutting edge integration for a seamless onboarding experience for non crypto-native users.
- A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.
- Oracle based multi-asset Index pools which increase diversification and reduce volatility.
- Native margin trading capabilities including a universal cross collateral vault.
- Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.
- Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy
Socials
- Join our Discord server
- Follow us on twitter @elys_network
- Subscribe to our YouTube channel
- Join our Telegram https://t.me/elysnetwork
Look for frequent updates as we continue on our path to mainnet launch. Want to reach out to us directly? Email us at team@elys.network
