Elys Network functions as a universal DeFi gateway offering fast, simple trading across spot, perpetuals, and derivatives markets. The platform supports multi-chain access, enabling users to engage in liquidity mining, simple staking, and leveraged LP positions. It provides a unified financial playground with features like liquid staking and USDC rewards across major assets like BTC and ETH.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Decentralized finance (DeFi) users face a fragmented landscape, requiring them to navigate multiple chains and wallets to access various financial services. This complexity hinders accessibility and efficiency for both novice and experienced crypto users.
Solution
Elys Network provides a universal DeFi gateway that simplifies multi-chain interactions through its Layer 1 blockchain built with the Cosmos SDK. The platform offers a unified interface for trading, staking, liquidity mining, and perpetual trading across different blockchain ecosystems. By leveraging wallet and chain abstraction, Elys Network enables users to manage assets across multiple chains from a single application. Its architecture incorporates smart-shielded pools to minimize impermanent loss and reward-generating tokenomics that distribute fees to stakers and liquidity providers.
Target Audience
Elys Network targets both novice and experienced DeFi users seeking a simplified, multi-chain platform for trading, staking, and liquidity provision.
Features
- Universal Liquidity Layer: Combines liquidity from various ecosystems for fast and simple trading.
- Multi-chain DeFi: Access to assets across multiple blockchains from a single interface.
- Spot Trading: Trade assets with low slippage.
- Perpetual Trading: Flexible trading 24/7 without expiration dates with up to 25x leverage.
- Liquidity Mining: Provide liquidity and earn yield in USDC.
- Liquid Staking: Stake tokens and use them freely on Elys.
- Simple Staking: Stake tokens and earn yield in one click.
- Leverage LP: Amplify positions with up to 5x leverage.
- Smart-Shielded Pools: Minimize impermanent loss through real-time oracle-based adjustments.
- Reward-Generating Tokenomics: Fees are redistributed to Elys stakers and liquidity providers.
- Wallet and Chain Abstraction: Easily manage assets across different chains.