activeCosmos Layer 1 / DeFi๐ฅ HOT
Elys Network Airdrop
Fast Layer 1 built on Cosmos SDK with Oracle-driven AMM, non-inflationary DEX yields, and native Bitcoin bridging.
Reward Potential
Elys Testnet XP & $ELYS Staking Allocation
Total Funding
$2.5M+
Ecosystem
Cosmos Layer 1 / DeFi
Key Backers
Karatage, Commercio, Institutional Cosmos Validators
๐ Protocol Overview & Significance
Elys Network is an all-in-one decentralized financial Layer 1 blockchain engineered using the Cosmos SDK and CometBFT consensus. Unlike conventional DEXs that suffer from impermanent loss and rely on highly dilutive inflationary token printing to attract liquidity, Elys features an Oracle-driven Automated Market Maker (AMM) that quotes institutional pricing directly from Pyth and decentralized oracle feeds.
Elys integrates spot trading, perpetual leverage up to 50x, non-custodial index funds, and native Bitcoin bridging into a single unified trading environment. Protocol trading fees are distributed directly to liquidity providers and $ELYS stakers in USDC and native gas tokens, creating a non-inflationary real-yield economy.
Elys has concluded over 1.5 million testnet swaps and is distributing testnet XP across multiple seasons ahead of the mainnet genesis token generation event.
๐ฏ Pro Farming Strategy & Multipliers
To maximize Elys Testnet XP and positioning for the $ELYS airdrop:
1. Connect your Cosmos Web3 wallet (Keplr or Leap) to the Elys Network testnet portal. 2. Claim testnet tokens (USDC, ELYS, BTC) from the integrated daily faucet. 3. Execute spot swaps and test perpetual leverage trades on the Oracle AMM. 4. Deposit liquidity into multi-asset liquidity pools to earn real-yield rewards. 5. Stake testnet ELYS tokens to validators to accumulate governance staking points.
๐ Tokenomics, Allocation & Vesting
The $ELYS token powers Proof-of-Stake validator consensus, captures 100% of protocol real-yield fee distributions, and directs decentralized index fund allocations. 18% of the genesis supply is designated for testnet users, liquidity contributors, and Cosmos community stakers.
๐ก๏ธ Sybil Protection & Snapshot Defense
Elys tracks cumulative trading volume, multi-asset portfolio balancing, and consistent weekly testnet participation to disqualify automated single-session bot scripts.
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Step-by-Step Farming Tracker
Track your farming progress. Your checklist saves automatically in your browser.
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0 of 6 Steps CompletedSnapshot Readiness
Step 1To-Do
Access the official Elys Network App.
Step 2To-Do
Connect your Cosmos wallet (such as Keplr or Leap).
Step 3To-Do
Claim daily faucet assets in the Faucet tab.
Step 4To-Do
Swap tokens on the Oracle-driven AMM interface.
Step 5To-Do
Open a test perpetual position and provide liquidity into core pools.
Step 6To-Do
Track your verified testnet XP on the community leaderboard.
โ Frequently Asked Questions
What is Elys Network?
Elys is a Cosmos SDK Layer 1 blockchain offering an Oracle-driven DEX, perpetual trading, native Bitcoin integration, and non-inflationary real yields.
How does the Oracle AMM eliminate impermanent loss?
By using real-time oracle price feeds rather than constant-product curves, Elys prices trades with zero slippage and mitigates toxic arbitrage.
What wallets work with Elys?
All major self-custodial Cosmos wallets are supported, including Keplr, Leap, and Cosmostation.
โ ๏ธ
Important Disclaimer: Not Financial Advice & Safety Notice
This guide for Elys Network is published strictly for educational and informational research purposes. Airdrop participation, testnet tasks, and smart contract interactions involve technical and financial risks. Airdroplyx is not a financial advisor, broker, or custodian, does not provide investment, legal, or tax advice, and cannot guarantee token allocations, eligibility, or future monetary value.
Always conduct your own due diligence (DYOR), use a dedicated burner wallet with zero primary funds, and never share your seed phrase or private keys. Read our full Risk Disclaimer →
๐ Affiliate Disclosure: External links to registration portals may be referral links that help maintain this free database at zero cost to you.