Today, we're excited to unveil the rewards for Incentivized Mainnet Season 1 and explain how future seasons will work.

Let’s begin with the major change we’re applying to what was previously labeled “Airdrop” in our tokenomics.

We’re renaming this category User Incentives, which still represents 14% of our total token supply.

Incentivized Mainnet becomes: The Reward Program

You can access the Reward Center here:

Previously, we had allocated 3,156,296 ELYS / EDEN for the Incentivized Mainnet. Now, that allocation has grown to a total of 28,000,000 ELYS / EDEN for the Reward Program.

These tokens will be distributed over time, across multiple seasons. There’s no fixed schedule for when the full 28M tokens will be released.

Why this change?

The purpose of this supply is to reward users for participating daily in the Elys ecosystem—whether by providing liquidity, making swaps, staking ELYS, or interacting with other platform features over time.

What Season 1 Focused On:

• Adding liquidity to our pools

• Staking $ELYS

• Swapping on the DEX

For Season 2, we’ve chosen to keep the same structure. During our bootstrapping phase, the goal is to reward those who help grow our TVL (unlocking features like our PerpDEX) and those who stake $ELYS .

Over the coming months and years, each season will evolve. They will focus on specific features or behaviors, helping us reward loyal and active users accordingly (NFT holders / liquidity providers / $ELYS holders/stakers and more).

This is not a one-time campaign—it’s a loyalty program, designed to continuously reward your activity and involvement on Elys Network.

Season Timeline

• Season 1: December 18 → March 18 (3 months)

• Season 2: March 18 → September 18 (6 months)

Each season may vary in duration, depending on product updates or new releases. We will also likely do some inter-season updates to add a little fun or boost the use of a feature, for example.

For example, while Season 2 lasts 6 months, Season 3 could last only 3 weeks or 2 months depending of what is the goal of this season. There’s no fixed rule. We know predictability is easier for you—but sometimes we’ll need flexibility.

Season 2 is about growth and we want to keep this season long enough to be able to see the outcomes while we are preparing Elys v2.

Each season has a specific goal, and for now, as we test how this can work in the long run, we will try out several different formats to determine which one works best for our users and supports our growth.

The guiding principle: just keep using Elys, stake your $ELYS—your activity will be rewarded. We’re not here to run a one-off airdrop. Our goal is long-term engagement and real value creation with our Reward Program.

Season 1 Reward Mechanics

The goal was to reward you for three main quests. Rewards were calculated based on your average TVL, as explained in our original Season 1 article.

In short: The more TVL you had—and the longer you kept it on Elys—the higher your rewards.

NFT Holders Got TVL Boosts:

• Legends: 3.5x boost per NFT (capped at $400 TVL/NFT)

• Hordes: 2x multiplier (also capped at $400 TVL/NFT)

Legends are available here :

Hordes are available here:

These boosts will remain in future seasons, unless otherwise stated.

Example: If you had a Gold NFT and $400 TVL, we counted your TVL as: $400 × 3.5 = $1,400 More NFTs = more bonus TVL (2 NFTs = $800 base TVL boost, 10 NFTs = $4,000, etc.)

This structure rewards NFT holders by giving tangible utility to the collections.

Holding an NFT + Having TVL on the DEX = More Rewards

Rewards Breakdown (Season 1)

• 50% for Liquidity Providers

• 45% for ELYS Stakers

• 5% for Swappers

• For LPs and stakers: rewards are TVL-based

• For swappers: based on the number of completed quests

Reward Calculation Formula

TVL (average) × Days Participated × EDEN/day per $1( TVL / ELYS Staking)

Example 1(No NFTs):

• TVL: $4,500 in $ELYS Staked / $1000 in Liquidity provided ($5500 in total)

• Participation: 90 days (Maximum)

• Result: 2,103 $EDEN = APR 30%

Example 2 (with 5 Gold NFTs):

• Base TVL: $1,000 in $ELYS Staked / $1000 in Liquidity provided ($2000 in total)

• Boosted TVL: $7,000

• Participation: 90 days (Maximum)

• Result: 3,009 $EDEN = APR 120.36%

This shows how significant NFT boosts can be in the Reward Program.

Now if you do the calculations based on 30 days of participation:

• Example 1: $EDEN APR 10.2%

• Example 2: $EDEN APR 40.12%

Note that this APR is in addition to what you earn on the DEX. In the second example, the user earned:

• 75% APR in the pool + 120% APR from the rewards center = 195% APR in total during the period.

• 50% APR for staking ELYS + 120% APR from the rewards center = 170% APR in total during the period

Key Stats from Season 1

• Average APR over the 3 month is: 80% APR extra on top of what you earn every day.

• The number of people who qualified: 3,615 based on a minimum of $10 on average for the staking or liquidity providing period.

Cadet and Majors allocations

The Cadet rewards have been reviewed and updated.

• Total allocated: 428,400 tokens

• Already distributed at TGE: 213,156 ELYS

• Remaining to distribute: 215,244 tokens

After reviewing recent activity, all Cadets who met the previously defined criteria (social activity + on-app engagement) will now receive the remaining portion

• 375 EDEN per eligible Cadet

This represents roughly half of the Cadets who are still active and contributing and half of the remaining allocation.

The remaining Cadets will be eligible for a third allocation aligned with Season 2. More details on this will be shared next week, including an appeal window for those who believe they should have been selected and weren’t.

Majors Allocation

The Majors allocation has been split into 4 tiers:

• Tier 0 – Participated early but sporadically; no longer active.

• Tier 1 – Strong early contributors; no longer active.

• Tier 2 – Consistent contributors over the past few months; still active.

• Tier 3 – Ongoing contributors with clear added value; actively involved.

At the end of this phase:

• Tier 0 and Tier 1 members will have their Major role removed, unless they decide to re-engage.

More information will be shared next week in the Majors channel, including steps to rejoin for those who wish to stay involved.

Final Words

This system is built to reward ongoing participation, not just hype-driven spikes. We're building for the long term, and this Reward Program & our Major / Cadet Program reflects that commitment.

You will discover the total amount of $EDEN allocated to each part on the day of the claim for:

• Majors

• Cadets

• Reward program

In the meantime, you know what to expect from your participation thanks to the examples above.

We are very pleased to be able to reward you for your overall contribution to the growth of Elys Network. This is just the beginning of a great adventure.

See you on May 29 to claim your rewards. 👊