Elys Network is designed to optimize liquidity across the Cosmos ecosystem while providing all the DeFi tools you need. By tackling challenges like impermanent loss, arbitrage inefficiencies, slippage, and high fees, Elys is reshaping how users engage with Liquidity Pools and DeFi platforms in general.

Aligned with the Cosmos’s vision, Elys seamlessly integrates ATOM into its ecosystem. ATOM takes center stage, functioning as a gas fee token while being used on every single feature and earning liquidity incentives. This integration strengthens its adoption and enhances value creation.

What truly sets Elys apart is its holistic platform approach, featuring innovations such as account abstraction and smart-shielded pools. These tools make the user experience smoother, more rewarding, and free of common liquidity barriers. Built on the robust Cosmos Stack, Elys allows users to maximize rewards while navigating DeFi with ease.

How Elys Network Leverages Cosmos for Scalability, Security, and Interoperability

Elys Network selected the Cosmos tech stack for its unrivaled customizability, scalability, and interoperability. Using the Cosmos SDK, Elys has developed a platform tailored for optimized liquidity management while blending efficiency with top-tier security.

Cosmos is a pioneer in interoperability, setting the standard with its IBC protocol. This innovation enables Elys to seamlessly connect with other blockchains, facilitating efficient cross-chain asset management. Looking ahead, Cosmos is expanding its mission to integrate with diverse blockchain environments, including EVM chains and SVM chains directly. Cosmos delivers unmatched speed and efficiency in connecting previously siloed ecosystems and making it the ultimate hub for widespread blockchain adoption.

Elys leverages Cosmos’ ICS 2.0 (Partial Set Security or PSS) to achieve a seamless balance between robust security and operational flexibility. By utilizing ATOM’s validator set and offering the ability to flexibly limit the number of validators opting into the network, Elys ensures a secure and adaptable environment. This flexibility allows Elys Network to tailor its chain to the economic realities and evolving needs of the project. PSS provides a sustainable pathway for deploying a chain, minimizing the need for high chain costs during its early stages.

This thoughtful approach enables Elys to focus on long-term growth without overextending resources, making it an ideal choice for projects seeking both security and cost-effective scalability.

ATOM at the Core: Elys Network’s Role in Cosmos Ecosystem Expansion

Elys deepens ATOM’s utility by embedding it at the core of its application, as a gas fee token first and a vital element in all our features.

ATOM’s strengths: liquidity, security, and reputation — make it a natural fit as the backbone of Elys. This alignment not only enhances user experiences but also reinforces ATOM’s foundational position within Cosmos by adding use cases for the token with multiple new products deployed to use it.

By creating fresh use cases for ATOM, such as enabling staking that generates rewards in USDC or offering a platform that allows users to engage in all their DeFi activities seamlessly, Elys drives Cosmos adoption, boosts liquidity, and fosters ecosystem growth. This synergy ensures that ATOM takes the place it should always have, a central element while deploying strong liquidity for the wider ecosystem. For the first time, ATOM holders and users will be able to use a CEX-like product in the space without any friction, while opening them to other ecosystems.

Join the DeFi Revolution: Elys Network’s Vision and Roadmap Ahead

In 2025, Elys Network is redefining DeFi with a CEX-like experience, fully on-chain. No compromises — get the speed, simplicity, and efficiency of centralized exchanges, paired with the transparency and security of decentralized finance. Elys Network platform is designed to be your ultimate go-to-app for all things DeFi.

Soon the game-changing Leverage LP feature will be available for everyone. Amplify your positions in liquidity pools, powered by our cutting-edge Smart-Shielded Pools. This is a tool built for serious traders looking to maximize returns without sacrificing control.

Elys Network’s roadmap is packed with upcoming features like our PerpDEX, Orderbook, mobile apps, derivatives, ETF-style pools, AI-driven trading tools, and more — all designed to keep you ahead in the DeFi space by offering you the best tools, regardless of whether you’re a seasoned trader or a newcomer.

Don’t just follow the DeFi revolution — be the revolution. Join us today and become a part of the ATOM future: https://app.elys.network/

Social and documentation links:

X: https://x.com/elys_network

Discord: https://discord.gg/elysnetwork

Telegram: https://t.me/ElysNetwork

Gitbook: https://elys-network.gitbook.io/docs

Elys Network: the Universal Liquidity Layer — Secured by ATOM was originally published in Cosmos Community Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are delighted to share that with the full support of Informal Systems and the Cosmos Hub, Elys Network is joining the Atom Economic Zone. as a pioneering chain leveraging Partial Set Security.

As this decision belongs to the cosmonauts, it’s time for us to explain our choice so that you can, in due course, decide whether it’s in the CosmosHUB’s interest to integrate Elys.

In this comprehensive article, we aim to delve deeper into :

• Elys Network identity and essence.
• What does Partial Set Security change for Consumer chains?
• The reasons behind our choice to embrace Partial Set Security.
• How our integration with the Atom Economic Zone contributes to the boarder Cosmos community and aligns with the shared vision of decentralization.

Elys Network identity and essence

Introducing Elys Network, a cutting-edge blockchain powered by the Cosmos SDK, designed with the community in mind.

At Elys, our mission is clear: to establish ourselves as the go-to trading platform for both seasoned Web3 enthusiasts and newcomers from Web2.

Elys has a very unique A+ team with diversified background in finance, business and engineering and are on a mission to build a self sustaining, revenue generating company with high capital efficiency.

Thanks to our innovative approach utilizing account abstraction, trading on Elys Network is seamless, eliminating the need for a Web3 wallet and bridging the gap between these two spheres with unprecedented ease.

Whether you’re well-versed in Web3 technology or just getting started, our platform offers an extensive range of DeFi tools, empowering you to trade your favorite coins and engage in Long/Short positions with unparalleled simplicity.

Elys Network isn’t just another blockchain; it’s a testament to the values of decentralization at the core of the Cosmos ecosystem.

After spending a lot of time studying various DEX and CEX and researching things that worked, things that didn’t work and consulting with avid DeFi users and investors.

We built Elys Network from the ground up and has incorporated some of the best products with the right PMF with tons of unique and advanced features which are very novel.

We developed multiple products, all available on one platform such as :

• Simple staking of USDC / ELYS / EDEN.
• Leverage LPs.
• Perpetual trading & Spot trading.
• Oracle based hybrid AMM with custom weighted pools (e.g., 70/30%), pools with multiple assets, customizable parameters (base pair, swap fees, etc.).
• Our multi-token design is crafted to maximize your earnings while nurturing a healthy ecosystem.

This gamut of synergistic products will create a liquidity flywheel which over time will attract volume and revenues.

Here are some sneak peeks :

But we also have incredible features to protect our users :

• Order matching, scrambling and sorting in order to prevent front running attacks.
• Custom built decentralized oracle based pricing and liquidity solution to prevent price manipulation.
• Customized oracle based arbitrage free pricing model which aggregates liquidity from various platforms and offers the best slippage in the marketplace.
• A fully funded perpetual trading platfrom via its unique scalability solution of adding profit taking price to the order which protects it from being under funded when cascading liquidations happen.

Elys has a unique architecture and design which emulates a CEX but with all the benefits of DeFi such as permissionless, censor resistant, non KYC, non custodial and transparent.

What does Partial Set Security change for consumer chains?

The recent introduction of the Partial Set Security in the Interchain Security framework marks a significant advancement for blockchain projects aspiring to integrate into the Atom Economic Zone.

At a time when consumer chains face escalating pressure to sustainably compensate validators, this innovative approach offers a strategic advantage.

The Partial Set Security feature empowers blockchain to curate a validator set tailored to their specific needs, without imposing undue strain on smaller validators already grappling with the intricate balance of rewards and operational expenses, alongside their ATOM validator responsibilities.

This development not only facilitates a more flexible validator selection process but also streamlines reward distribution mechanisms.

By opting for a leaner validator set, projects can better fine-tune incentive structures, effectively mitigating the impact of token distribution to their validator set.

In essence, the introduction of Partial Set Security presents a pivotal opportunity for blockchain projects seeking to optimize security and sustainability within the Atom Economic Zone.

The reasons behind our choice to embrace Partial Set Security

It is abundantly clear to us that robust economic security significantly enhances investor confidence. Whether it’s retail investors or institutional players, in our rapidly evolving industry, providing a secure framework is paramount.

The security of a platform is based on two crucial pillars:

• Security audits: This is precisely why we selected Halborn for our audit. With a global reputation, they have been diligently working with us for over three months now and counting.
• Economic security: Therefore, leveraging the security of the Cosmos HUB adds immense value to our platform.

It is evident that a PerpDex must prioritize security above all else, leveraging an economic security of $4 billion is undoubtedly a significant advantage.

As mentioned in the previous section,the Partial Set Security feature empowers blockchain to curate a validator set tailored to their specific needs.

This means that we are not compelled to maintain a full set of 180 validators when our chain only requires a fraction of that set to function optimally.

Consequently, a nascent project within the ecosystem can gradually establish itself by starting with a modest-sized validator set, ensuring robust security while minimizing the financial impact of reward distribution to validators.

This unprecedented flexibility in chain creation and evolution over time represents a significant leap forward in blockchain infrastructure development.

Moreover, other Cosmos blockchains and DeFi apps would probably find it more comfortable to integrate Elys Network, thereby offering a more versatile suite of tools.

By joining AEZ, we are extending the reach of our project to the entire ecosystem.

We don’t subscribe to the idea of winner takes all; instead, we value collaboration, neutrality, and non-tribalism.

That’s why we feel it’s a natural fit to join the AEZ, as we align with their collaborative values.

How our integration with the Atom Economic Zone contributes to the boarder Cosmos community?

By aligning with the AEZ, Elys Network would establish itself as the inaugural PerpDEX leveraging the economic security of the Cosmos HUB, showcasing the expanding influence of the HUB.

Certainly, another advantage for the Cosmos HUB is to integrate ATOM as a key element of our PerpDex, enhancing its utility.

The goal of the Cosmos community has always been and will continue to be to provide even more utility to our ATOM. Today, as part of its value proposition, Elys Network aims to offer ATOM multiple ways to be utilized!

Whether through:

• Our AMM
• Our PerpDex
• Our Leverage LPs
• Gas fees

ATOM will be everywhere and will finally be able to obtain the long-awaited utility sought by cosmonauts.

Moreover, integrating Elys Network into the AEZ as an ICS chain would likely boost demand for ATOM and enhance its utilization in unique and advanced features mentioned above.

Conclusion

Today, it is clear to us that the value proposition for Elys Network, as well as for the entire Cosmos ecosystem, is substantial.

However, it is imperative to acknowledge that there remains work to be done in refining our economic model to ensure its robustness and sustainability.

Our ongoing efforts are focused on meticulously crafting a framework that not only benefits Elys Network but also enriches the entire Cosmos community.

We understand the significance of this undertaking and are committed to delivering a model that aligns with our collective vision.

Once we finish the analysis with the Informal Systems team, you will be able to delve into and discuss all the economic benefits of this partnership in our proposal on the forum.

Rest assured: our goal is to enhance the greatness of the Cosmos ecosystem.

View all of our links on Linktree

It’s official! Elys Network (token: ELYS) is now listed on CoinGecko. To add Elys Network to your portfolio or watchlist, visit https://www.coingecko.com/en/coins/elys-network.

Stay tuned for more exciting news about our public testnet webapp release. More than22,000 users signed up so far. Sign up here to be first to know about the webapp release.

View all Elys Network links on Linktree

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:

https://linktr.ee/elysnetwork

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

Elys Network is thrilled to announce Halborn Security as our official audit partner. Pairing Halborn’s world-class reputation for blockchain security with Elys Network’s premier perpetual trading platform strengthens our steadfast commitment to bringing sustainable DeFi to all.

About Halborn

Halborn is an award-winning, elite cybersecurity specialist and code auditor for blockchains. Halborn serves as Elys Network’s reputable partner to continuously assess an organization’s most vital assets, optimize the development lifecycle and provide world-class cybersecurity consulting and assessments every step of the way — far beyond smart contracts. Learn more about Halborn Security at https://halborn.com

About Elys Network

Elys Network is a NextGen oracle-based perpetual trading and all-in-one DeFi platform. It is the first, and only, decentralized suite of financial applications in the Cosmos ecosystem to feature:

1. Native leveraged perpetual trading capabilities powered by liquidity pools and liquidity providers
2. All USDC-paired liquidity pools for optimal user experience and sustainability
3. Leverage LP and USDC lending

System income drives a revenue sharing model to encourage long-term participation and growth. Elys is DAO-enabled and decentralized right from the start and driven by its core values.

Visit elys.network and join the Elys web app waitlist today.

View all Elys Network Links at:
https://linktr.ee/elysnetwork

We’ve opened up the waitlist for the Elys Network Web App!

To sign up, please visit our website at https://elys.network and click on the Waitlist for Web App button. It takes less than 15 seconds to complete. Look for more announcements on the progress of the Web App soon. Build on!

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 2023, 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.

Join our Telegram at https://t.me/elysnetwork

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:

1. Cutting edge integration for a seamless onboarding experience for non crypto-native users.
2. 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.
3. Oracle based multi-asset Index pools which increase diversification and reduce volatility.
4. Native margin trading capabilities including a universal cross collateral vault.
5. Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.
6. 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