Elys Network Update - $2M TVL milestones, major partnerships and more!
Thank you for your continued support of Elys Network!
In Less than 2 months, we have achieved $2M in on-chain asset TVL (total value locked) which includes our liquidity pools our USDC Earn pools! You may track these Elys Network TVL stats at any time on Defi Llama. We opened several new liquidity pools, with more on the way.
Elys Network is Growing Rapidly in a Volatile Market
Our USDC Earn Pool has been a big hit as the engine in borrowing for Leverage LP and driving USDC rewards for participants in this pool. Addiitonally, Elys Smartshielded Pools are working exceptionally well in mitigating impermanent loss and rewarding slippage to the liquidity providers rather than arbitrage traders. In some pools, the USDC rewards were as high as 30% APR during periods of volatility, and our liquidity providers continue to do very well staying in these pools. This unique design has outperformed standard AMM pools on other platforms that have been plagued with impermanent loss. eroding liquidity provider assets over time.
Elys Network's Major Partnership with Interchain Foundation - ATOM-aligned
Thanks to the backing of Interchain Labs CEOs Maghnus Maraneck and Barry Plunkett, Elys Network has taken center stage in the Cosmos ecosystem, forging a major partnership with the Interchain Foundation and moving forward with a commitment to purchase ATOM into our treasury. Our goal is to leverage this partnership to mutually benefit ATOM and propel Elys Network's reach to various communities to include Bitcoin,Ethereum, and Solana users.
We held a live stream event with Maghnus and Interchain CMO Nico Poggi,which had nearly 3,500 live viewers in attendance. You may watch the call here on X or here on Youtube
Next on the Roadmap...
We are thrilled to announce that will expand Leverage LP to multiple assets. Our next Earn pool will be ATOM, which will enable us to participate in the next Hydro auction to add 100,000 ATOM ($500,000 equivalent) into the pool for leverage LP. We also expect that our connection with our partners at Axelar will be ready in the coming weeks to allow us to open Ethereum pools on Elys, as well as wrapped Bitcoin! This will be a major milestone for us to attract even more TVL.
We also continue to work with our partners at Agoric and ASI (Formerly Fetch.ai) at add DeFAI tools, to intergrate AI productivity and automation directly into our app. Stay tuned for more on that!
An on-chain order book is coming! This continues to be one of the most popular asks from our community. We are in the development phase now and on track to roll it out next quarter after testing and audit.
Thank you again for being with us on this journey. It's my honor and privilege to work for you in the mission to make Elys thrive as the most satisfying DeFi experience in the industry!
Sincerely,
Hesham Aly
Elys Network co Founder




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