1. Project Overview

Elys Network is an Oracle-based decentralized perpetual trading and leveraged lending platform dedicated to providing a complete set of decentralized financial applications for users within the Cosmos ecosystem.

2. Core Features

Seamless onboarding experience: Provides cutting-edge integration for non-crypto native users to achieve a smooth onboarding experience.

Perpetual Trading Capabilities: Native perpetual trading capabilities, including a universal cross-collateral vault.

Non-custodial DEX: A non-custodial AMM-style DEX driven by liquidity providers and liquidity pools.

III. Project Mission

Elys Network's goal is to create a self-sufficient, open-source, non-custodial suite of decentralized applications that allow anyone to easily access financial services and achieve financial autonomy.

4. Token Mechanism

$ELYS is the platform's staking and governance token, designed to be a sustainable and scarce token with a relatively low maximum supply and liquidity supply. At the same time, it allows users to earn inflationary and non-inflationary rewards by deploying tokens.

5. Reward Mechanism and Future Plans

According to the team’s recent announcement, users will soon receive guaranteed rewards for their contributions. In addition, Elys Network’s documentation has a “Rewards” section that points directly to the airdrop event. The mainnet is scheduled to go live in the second quarter of 2024. Don’t miss this rare opportunity!

6. Elys Network Operation Guide

  1. Download Keplr Wallet

    • Visit https://keplr.app/download

    • Choose your browser

    • Click the "Chrome" button (using Chrome as an example)

    • Create a new wallet or import an existing one.

  2. register account

    • Visit https://testnet.elys.network

    • Click the "Sign In" button

    • Connect your wallet

    • Click the “Approve” button in the wallet (add new chain).

  3. Get test coins

    • Visit https://testnet.elys.network/faucet

    • Click the “Claim Tokens” button

    • Receive 0.3 ELYS and 2 USDC.

  4. Exchange assets

    • Visit https://testnet.elys.network/swap#USDC/ATOM

    • Enter the amount of $USDC

    • Click the “Receive” button

    • Get $ATOM tokens.

  5. Pledged assets

    • Visit https://testnet.elys.network/earn/staking

    • Select a staker from the list (supports USDC or ELYS)

    • Click the Manage button

    • Enter the amount of USDC (using USDC as an example)

    • Click the “Stake” button

  6. Earn rewards through mining

    • Visit https://testnet.elys.network/earn/mining

    • Select a mining pool from the list

    • Click the Add Liquidity button

    • Enter the amount of assets

    • Click “Deposit”.

  7. Transfer Operation

    • Return to https://testnet.elys.network

    • Click the “Withdraw” button

    • Open the "Send to" section

    • Enter your friend's wallet address (eg: elys19zc82kapttfxx02s2nstfnhfulx4zek6xl969u)

    • Enter the number of ELYS (take ELYS as an example)

    • Click the "Send" button.

  8. Participate in the task

    • Visit https://elys.bonusblock.io?r=xavdYUvD

    • Connect your wallet and social media accounts (Twitter, Discord and Telegram)

    • Complete all available missions

    • Collect as many XP points as possible

    • Share your referral link with friends

    • Get more XP points.

The update will be slow after the task is completed, just wait for the system to update.

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