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Elys Network was designed as a collective cry for change in the decentralized finance (DeFi) world. Spurred by frustration, ambition, and dedication to providing a unified app chain for the industry, this network aims to serve everyone. The current DeFi space is fraught with problems. The absence of accessibility, ease of use, and an all-in-one platform has made the sector almost incapable of global adoption.<a href="https://elys.network/" rel="noopener noreferrer nofollow">Elys Network</a> aims to offer solutions in three areas; accessibility, unification of services, and unification of liquidity. The network delivers a CEX-like simplicity while retaining the benefits of DEXes. The user interface and experience are on the same level as that of a CEX, therefore reducing friction for users, newcomers especially. On the Elys Network, you only need two clicks to initiate and process a transaction—link your Google account and ramp your credit card. That&#39;s all.The Elys Network also introduces a one-stop shop for all your DeFi needs. Users can trade, lend, borrow, perpetual trade, provide liquidity, and stake on the appchain conveniently. And by integrating partners such as Lorenzo (BTC liquid staking), Picasso (SOL liquid staking) and Particle Network (Chain abstraction), the network centralizes liquidity while enabling interoperability on layers such as Bitcoin / Solana / EVM in one click. Additionally, the team introduces a real utility token—ELYS Token. Designed from the ground up as a loyalty token that can’t be pooled against every currency to avoid “Hyper-volatility” and holders will receive rewards in the form of USDC, providing stability and ensuring PPP (Player Pump Player) rather than PVP (Player Vs Player).<h2 id="header-0">Elys Network and the Cosmos Stack —Perfect Match for a Multi-chain journey</h2>The Elys Network is on a mission to offer products and services with users in mind, and to deliver on this promise, the team leverages Cosmos’ highly efficient SDK.Elys Network has absolute control of the protocol and application layers to customize blockchain modules. It has developed a Decentralized Oracle Solution as well as a built-in middleware to deliver a one-click buy/sell option. It leverages Cosmos SDK to ensure instant finality, process 20k transactions per second (TPS), and lower transaction costs. Infinite scalability through multiple chain connectivity via EVM and IBC bridges is another advantage of Elys Network allowing all existing blockchains to be interconnected with maximum security and minimum cost.According to reports, over $2 billion was lost in bridge exploits in 2022 alone while the cost of such transactions remain high, again reiterating the need for an efficient and secure platform. The Elys Network’s interoperability via Inter-Blockchain Communication (IBC) delivers the gold standard of an interoperable future without compromising on security.Trade your Native BTC for Native SOL in one click, safely, quickly and cost-effectively.<h2 id="header-1">The Elys Network Team and Roadmap</h2>Elys Network is a grassroots project fueled by sheer commitment to restore DeFi and turn the problem-plagued industry into a highly accessible, simple, and utility-replete one. Another proof of the team’s dedication to rekindling trust and transparency in the industry is the doxxing of core team members.At the forefront of the Elys Network are founders Mitchell Nishimura, Casey Arington, Prashant Srivastava, and Hesham Aly. With decades of experience in the investment industry, blockchain product development, leadership space, and the US Air Force, these founding members are revolutionizing the DeFi market step by step. Other relevant team members include Jorge Trujillo, Alix Gallardo, Maxime L’hospital, Alana Rodrigues, Warao Gil, Caner Candan, etc.For Q1 and Q2 of 2024, the Elys Network team has outlined a partial security test with Halborn, an MVP launch, increased marketing, and further business development.For Q3 of 2024, The Elys Network team will launch new features such as Leverage LP, Perpetual trading and finally their Mainnet.The Elys Network is an all-in-one network designed to address all of DeFi&#39;s existing problems while setting the industry for global adoption. The team is committed to delivering a genuinely secure, transparent, accessible, easy-to-use, and comprehensive project for all.

Introducing Elys Network: Defragmenting Web3 with Universal Liquidity

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Alte articole publicate pe 2 iul. 2024

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