Elys ELYS Price

What is Elys (ELYS)?

Elys Network $ELYS is a decentralized exchange (DEX) and blockchain ecosystem designed to provide a seamless and efficient trading experience. Built with a focus on perpetual trading, liquidity provision, and staking, Elys Network $ELYS leverages innovative technologies to create a robust and user-friendly platform. The project integrates advanced oracle systems, dynamic liquidity models, and governance mechanisms to empower its users while ensuring the security and scalability of its ecosystem.

Project Overview and Features

Perpetual Trading

Elys Network $ELYS offers a multi-asset pool-based perpetual trading suite, enabling users to borrow funds and enter leveraged positions. Traders can long or short supported assets against USDC, with future updates allowing trading between any supported assets. Key features of the perpetual trading product include:

Leverage of up to 5x, with plans to increase in subsequent releases.

Oracle Pricing Integration to protect traders from liquidation due to price volatility.

Advanced margin tools, including isolated and cross-margin accounts, stop-loss orders, and collateral adjustments.

Insurance Vault to safeguard liquidity providers.

Integrated analytics and charting tools for informed trading decisions.

This perpetual trading model is powered by Elys liquidity pools, with interest and trading fees distributed to liquidity providers and stakers.

Staking and Governance

Elys Network $ELYS allows users to stake their $ELYS tokens with validator nodes to secure the network and participate in governance. The staking mechanism is built on Tendermint’s consensus engine, offering both inflationary and non-inflationary rewards. Key aspects include:

Rewards Distribution: Stakers earn 25% of DEX rewards in USD and additional rewards in EDEN tokens.

Governance Participation: $ELYS holders can propose and vote on governance proposals, influencing the network's future features and upgrades.

Unstaking Flexibility: Users can unstake their tokens, with a bonding period of 7-14 days (modifiable via governance).

This governance model incentivizes active participation while ensuring the network's security and decentralization.

Liquidity Design

The Elys DEX is designed to provide a seamless user experience for liquidity providers and traders. Its liquidity model is built on the following principles:

Ease of Use: Simplified processes for adding liquidity, swapping assets, and engaging in perpetual trading.

Sustainable Rewards: Both inflationary and non-inflationary rewards for liquidity providers, with inflationary rewards phased out over time.

Deep Liquidity: Attracting liquidity across various assets to support low-fee swaps and sustained trading activity.

Key features of the liquidity design include:

USDC as the Base Pair: All AMM pools are paired with USDC, ensuring minimal slippage and fees.

Flexible Liquidity Provision: Users can add single-asset or dual-asset liquidity (e.g., ETH or ETH + USDC).

Unique LP Tokens: Liquidity providers receive Pool Tokens or Molecule Tokens, depending on the category of liquidity provided.

Oracle-Based Dynamic Weight Model

Elys Network $ELYS employs a decentralized oracle architecture to access off-chain pricing data and execute advanced on-chain computations. This model ensures:

Arbitrage-Free Pricing: Best market prices irrespective of liquidity on Elys.

Minimal Slippage: Market-based oracle prices reduce liquidity fragmentation.

Dynamic Pool Weight Management: Incentivizes swappers and liquidity providers to maintain target pool weights.

Unlike traditional AMM models, Elys Network $ELYS eliminates reliance on arbitrageurs, allowing users to retain profits typically captured by arbitrage activities.

Use Cases

Perpetual Trading: Traders can leverage the platform to long or short assets with up to 5x leverage, benefiting from advanced margin tools and oracle-based pricing.

Liquidity Provision: Users can provide liquidity to earn rewards in $ELYS and EDEN tokens, contributing to the ecosystem's sustainability.

Staking and Governance: Token holders can stake $ELYS to secure the network, earn rewards, and participate in governance decisions.

Cross-Asset Swapping: The DEX allows seamless swapping of any supported asset against USDC or other assets, with low fees and slippage.

Founders, Backers, and Partners

While specific details about the founders and backers are not explicitly mentioned in the provided context, Elys Network $ELYS has integrated partnerships with key oracle providers such as Band Protocol, Osmosis, and Binance. These partnerships enhance the reliability and efficiency of its oracle-based pricing model. The project also supports interoperability with major blockchain ecosystems, including Ethereum, Binance Chain, Solana, Polygon, and more.

Conclusion

Elys Network $ELYS is a comprehensive blockchain ecosystem that combines perpetual trading, staking, and liquidity provision into a seamless and user-friendly platform. With its innovative oracle-based pricing model, dynamic liquidity design, and robust governance framework, Elys Network $ELYS is well-positioned to address the challenges of decentralized trading and liquidity management. By empowering its users with advanced tools and sustainable rewards, Elys Network $ELYS aims to create a thriving and inclusive DeFi ecosystem.

What is unique about Elys (ELYS)?

Elys Network $ELYS is the first decentralized suite of financial applications in the Cosmos ecosystem with native perpetual trading, hybrid AMM and oracle-based pools, multi-asset ETF-style index pools, and seamless onboarding via account abstraction.

Who are the founders of Elys (ELYS)?

The founders of Elys Network $ELYS are anonymous.

Who are the backers/investors of Elys (ELYS)?

Elys Network $ELYS collaborates with Cosmos Validators, Band Protocol, Osmosis, Binance, and other well-known institutions.

Where can I buy Elys (ELYS)?

 Gate.io