✨Elys Network migration to Base: everything you need to know from the first AMA about the
@elys_network → RYZE migration👇
🔹Migration → Base: ~$2B/day volume (mainly BTC/ETH). On base, just BTC & ETH pools can already drive big vol & revenue. It’s not “vs Cosmos”, it’s about adoption & visibility.
🔹Rewards: focus on community, stakers, token holders, LPs. Fees from swaps & perps redistributed → supporters.
🔹Snapshot & Swap: snapshot taken at announcement. Loyal users get 1:1 swap on Base. Keep staking, no need to unstake until official announcement.
🔹Tokenomics: max supply stays 200M, no mint on migration. Burn program likely continues. Roadmap: launch details soon. Token model: Eden was mixed (incentives vs confusion). Future = simplify to 1 token (RYZE) USDC rewards.
🔹Elys Chain continuity: it won't be immediately shut down — it’s a working proof-of-concept and can remain operational. If Base migration increases interest, Elys could see renewed liquidity and continued partnership opportunities with Cosmos projects (Babylon, Akash, Osmosis, Fetch, etc.).
🔹Too much hype around
$Elys token price distracted from the real tech—a full DeFi appchain. With RYZE: product first, token second. Show the tools (swaps, perps, vaults), then expand supply. When the product speaks for itself, the token becomes stronger naturally.
🔹Coinbase access via Base: no $10M listing fee required. 💸 Because RYZE is launching as a Base token, it will eventually be accessible directly inside the Coinbase app. Huge distribution boost, without the exchange paywall. Another reason Base is a game-changer for new tokens.
🔹Dev progress: the product is already live on Base testnet. SmartShield Pools and swap contracts are deployed. Frontend is coming soon for public testing.
There will be no incentives. Why? Because testnets should be for learning/testing, not farming. Keeps speculators away, attracts real users.
🔹Audit & Launch timeline: tier-1 audit is required before mainnet. Faster than Cosmos audits (only smart contracts need checking). Target: end of 2025 launch, but willing to delay to early 2026. Security liquidity partners > rushing. ⚖️ Patience = stronger foundation.
🔹Base launch features. Phase 1 (Day 1): Swaps LPs. Phase 2: Leverage LP Vaults. Phase 3: Perps (require direct users).