Announcing the launch of Elys Network’s website at https://elys.network
Who we are:
Elys Network is a Cosmos Ecosystem layer-1 blockchain and decentralized exchange (DEX) with a complete suite of applications and features, including:
• 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
• Oracle based multi-asset Index pools to increase diversification and reduce volatility • Liquidity providers earn passive yield paid in USDC
• Leverage yield farming to maximize rewards • Native margin trading capabilities including a universal cross collateral vault
• Native bridging capabilities to EVM chains & IBC enabled blockchains
• On/Off ramps for major fiat currencies.
How We’re Different:
•Use of a neutral asset (USDC ) as the pool base pair token in order to reduce impermanent loss and volatility
•ETF style multi asset Index Pools for wider diversification and risk management
•After initial DEX bootstrapping, the network is non-inflationary with a low max supply. Liquidity providers and stakers are paid a yield from revenues generated on the network (DEX swap fees, margin, tx fees, etc).
•Users do not need to own the Elys token to use the DEX, as other tokens will be accepted for gas fees, like ATOM and USDC.
What We’re Doing:
Elys Network has been in development since March, and is currently in testnet. The website has links to Elys’ Github to view the blockchain code (all open source) and current release version. While the blockchain has most functions enabled now, more features will be added in preparation for main net launch. What’s Next: Elys Network recently began front end development on a world-class UI (webapp, with mobile app to follow). Elys will offer the premier user experience (UX) in the Cosmos Ecosystem, particularly for newer users to the crypto space. Please join our Discord community provide your input and feedback to improve the platform and follow us here for announcements and upcoming Spaces.