Joined December 2022
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This is your last chance—you still have 2 hours to register for the transition. After that, it will be time for us to Ryze. 😎 So you better be ready.
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You still have one week left to register. Don't miss the deadline if you want to convert your ELYS into UNITs. You will no longer be able to do so after this period ends.
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We've extended the checker for 10 more days, with a final date of March 10th. We will continue reminding people to check their allocation and complete the transition in the coming days. Please don't forget to do it, because after that date you won't be able to claim any UNITs.
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We want to inform you that the chain will NOT be sunsetted today. The reason is straightforward: there are still user funds on the blockchain, totaling a little over $200,000, and we cannot responsibly shut it down while those funds remain. The main challenge is that if users do not withdraw their funds themselves, we will need an alternative solution. We prefer to avoid this, as it would require temporarily receiving user funds on Elys Network and then automatically returning them to their original network. Accessing someone else’s funds—even briefly and solely to return them—is a sensitive matter. We understand it may eventually be necessary, but the less capital handled this way, the better. (To be clear, we will need a chain upgrade to do so; we don't have such an ability right now.) In the meantime, the chain will continue operating to give users more time to withdraw their funds. Later today, an article explaining how the transition will work will be available. Things are moving, and it's time for you to learn more about it. To all Liquidity Providers: please remove your liquidity so we can sunset the chain and focus all our efforts on Ryze!
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Daily reminder: the chain will close on December 18th. You need to remove your liquidity from: - Pools - Vaults Keep your $ELYS and $EDEN tokens on the chain. If you have any questions, please reach out to us on Discord.
We see a lot of people asking about their $ELYS and $EDEN tokens. You don't need to do anything; leave them on the Elys Network chain until the end. You will need to connect your Cosmos and EVM wallets to our app later to perform the transition. $ELYS ➡️ Staked / Liquid / Pooled = Nothing to do $EDEN ➡️ Staked / Available / Vesting = Nothing to do We’ve made sure the process is as easy as clicking two buttons, so don’t worry. Make sure your other tokens are off the Elys Network chain before December 18th, that’s all.
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We see a lot of people asking about their $ELYS and $EDEN tokens. You don't need to do anything; leave them on the Elys Network chain until the end. You will need to connect your Cosmos and EVM wallets to our app later to perform the transition. $ELYS ➡️ Staked / Liquid / Pooled = Nothing to do $EDEN ➡️ Staked / Available / Vesting = Nothing to do We’ve made sure the process is as easy as clicking two buttons, so don’t worry. Make sure your other tokens are off the Elys Network chain before December 18th, that’s all.
All Leverage LP positions have been closed. Every user can now remove their liquidity from every pool/vault. The chain will be sunsetted within 5 days, so please remove your liquidity from the DEX as soon as possible. We will send daily reminders about this.
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All Leverage LP positions have been closed. Every user can now remove their liquidity from every pool/vault. The chain will be sunsetted within 5 days, so please remove your liquidity from the DEX as soon as possible. We will send daily reminders about this.
It is time to move on to the next stage of the transition. An on-chain proposal is now live to: - Disable access to Leverage LP - Close all remaining open positions As stated in our November 7 article, you were given 20 days to close your positions. They will be automatically closed on December 1, after which you will have 18 additional days to withdraw all your liquidity from the DEX. This proposal activates Phase 2, and Monday, December 1 will mark the beginning of Phase 3.
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It is time to move on to the next stage of the transition. An on-chain proposal is now live to: - Disable access to Leverage LP - Close all remaining open positions As stated in our November 7 article, you were given 20 days to close your positions. They will be automatically closed on December 1, after which you will have 18 additional days to withdraw all your liquidity from the DEX. This proposal activates Phase 2, and Monday, December 1 will mark the beginning of Phase 3.
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Elys Network Migration To Base: First Stream x.com/i/broadcasts/1mnGeNbem…

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We know you all have a lot of questions. While moving to Base is exciting for both you and us, so let's talk a little more about it!😎 📅Join us tomorrow for a stream on X, September 9, at 4 PM UTC.
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Elys Network retweeted
Polaris has integrated @elys_network, a DeFi product suite for easy on-chain asset management. On Polaris, you can now trade tokens on Elys across 25 networks, and enter the Elys ecosystem to explore features like leveraged LPing, perps, and more. → beta.polaris.app
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Elys Network joined the token portal by @Polaris_App. Polaris users will experience our Smart-Shielded pools' Oracle pricing firsthand. Our users can now connect with 25 chains to trade their preferred assets easily.😎 Thanks you, @Polaris_App 🫡
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"But in the case of Elys, not only was there no IL, but it resulted in an 18% APR!" Examples often speak louder than words. You loved our SSP; you'll love SSP v2.🫡 A huge thank you to the @hydromarkets team.
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Last month, Hydro deployed ATOM and USDC into a pool on @elys_network. This was the first “atomic bid” on Hydro, a bid for two tokens at the same time. A pool like this involving one stable and one volatile token can experience impermanent loss if the market shifts (although Hydro is always protected by Vortex or collateral, so it doesn’t have to bear that cost). But in the case of Elys, not only was there no IL, but it resulted in an 18% APR! That’s because Elys’ smart-shielded pools collect slippage from swaps, and redistribute it to liquidity providers. Congrats Elys, your model worked for us!
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To address common questions from X and Discord: Will the Elys Network chain be sunsetted? There are no plans to sunset the Elys Network chain as of now. You can still add liquidity, use the Perp, and earn EDEN incentives (for now) for the second snapshot and $USDC fees. Should I unstake my ELYS/EDEN tokens? No action is needed for now. We will notify you when action is required. What is a token swap? When the time comes, you will burn your ELYS/EDEN tokens to redeem new tokens on Base. Keep them until the launch to swap. Selling ELYS now to buy back later means you won't get the 1:1 swap ratio. If you plan to follow us on Base, be cautious. More details will follow in the coming weeks.🫡 Thank you for the tremendous support on X & Discord since the announcement.🙏 Now it's time for a change.😎
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Collecting slippage to redistribute as fees to liquidity providers is the unique power of our 🛡️Smart-Shielded Pool🛡️. Swap fees go to Stakers. This cannot be replicated. Imagine 10x or 100x more volume.🤯 That's the expansion phase goal.😎
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Our stakers are earning a 3% USDC APR from fees. Imagine what it might look like once the expansion begins.🤯 People think they are ready. We think they are not.😎
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