Elys Network is a cutting-edge blockchain powered by the Cosmos SDK and is set to be the first all-in-one DeFi appchain to utilize Interchain Security. It will leverage the Cosmos Hub’s economic security and battle-tested validator set to secure its product and add new offerings to the Atom Economic Zone (AEZ).
Through the Cosmos Hub Venture Investment deployed through the AADAO, the Cosmos Hub Community Pool is set to receive a substantial amount of ELYS tokens. This allocation is in addition to any airdrops Elys Network may do for Atom holders and stakers as part of its launch on Interchain Security. ATOM will also be the default gas token for Elys’ innovative all-in-one DeFi app.
Elys Network seamlessly blends the CEX trading experience with the benefits of a DeFi infrastructure, bringing forward the ultimate platform for Liquidity Mining, Staking, Swaps, Leveraged LP, PerpDex and more.
Through its innovative account abstraction, trading on Elys is so seamless that you don’t need a Web3 wallet!
Elys will also be one of the first chains to integrate native Bitcoin staking, LP and Leveraged Trading to earn real yield on native BTC. This will combine high-speed trading with security and expand the digital asset exposure and DeFi use cases in the AEZ. This functionality is coming through their collaboration with Babylon. In addition, thanks to its partnership with Stride Protocol — a current consumer chain of the Cosmos Hub — Elys will offer seamless one-click liquid staking, underlining its deep integration with the Atom Economic Zone.
Elys Network will also significantly change the current LP offerings in the AEZ. They will use Oracle-based hybrid Automated Market Makers (AMM) with custom weighted pools, pools with multiple assets, and many other customizable parameters. Their multi-token design is crafted to maximize earnings while nurturing a healthy ecosystem. Learn more about Elys Network here.
