Over the last eight months, Elys Network has built, innovated, and learned — with our community at the heart of everything. We also know it hasn’t been an easy journey. Markets have been tough, ELYS has seen challenges, and many of you have stood by us even when it wasn’t easy.

That loyalty matters — and it’s why we’re making this next move with you, and above all, for you.

Today, we’re announcing that Elys Network will transition from the Cosmos ecosystem to Ethereum’s Base network — under a new brand and with a renewed mission. This is not a goodbye to what we’ve built, but a strategic step to give it the best possible environment to succeed.

This new journey means major changes, new opportunities, and a future designed for something bigger, faster, and more competitive in the global DeFi landscape.

Why we’re moving on from Cosmos

The decision wasn’t easy — but it’s the right one for the future we’re building.

Cosmos has been an incredible place to build, and we remain grateful for its technology and community. But public DeFi growth in Cosmos is slower compared to Ethereum L2s.

For our vision to thrive, we need:

• More traders & deeper liquidity

• Higher trading volumes

• A larger audience for our tech

• Faster paths to product-market fit

Base is one of the fastest-growing ecosystems in Web3, with massive potential user flow, high trading volumes, high support for builders and an open, developer-friendly culture.

Why we’ll win in this new environment

This is probably one of the most important questions.

We’re not just moving — we’re bringing something Base doesn’t have yet. Our core product — Smart-Shielded Pools — uses an oracle-based pricing model that works completely differently from 99% of AMMs in the market unlocking advantages will stand out from day one:

• Best price execution through oracle-based pricing

• Slippage capture for LPs, allowing us to distribute Swap fees as a revenue to Token holders.

• Impermanent loss protection for safer liquidity provision

• Unified liquidity for spot & perps markets, maximizing capital efficiency for LPs

• Multi-asset support for crypto, FX, and commodities in one platform

Our pricing model gives us a significant advantage, especially with aggregators, which represent 10–15% of daily volume on Base.

While other AMMs using the same model can only compete by lowering fees, we compete directly through price.

This gives us a massive advantage—one we have thoroughly modeled and re-modeled from every angle to ensure its long-term viability on base.

These are moats that position us to compete for volume and attention in a much larger market.It’s unique and no one can copy it; it's a proprietary and licensed design.

The token transition

With a new project comes a new token.

Here’s how it works:

• A snapshot has been taken at the time of this announcement for a token swap (⚠️it’s not an airdrop, you’ll need to keep your token to swap them)

• All ELYS/EDEN holders from this snapshot will receive a 1:1 swap to the new token via burn-and-redeem, (⚠️you need to keep your ELYS for the token swap). 0.75:1 without conditions plus 0.25:1 if you provide liquidity on our DEX on base.(More on that later)

• Any ELYS acquired after the First snapshot but before launch will be swappable at a reduced ratio (Second snapshot to be announced later).

• CEX users holding ELYS will have two weeks to transfer their tokens to the Elys Network chain before delisting. (happening soon)

Why the difference in swap ratio? Because long-term holders — those who stood with us through 8 months of mainnet — deserve full recognition for their commitment.

Three important points:

• If you’re holding ELYS on a CEX, please move it on-chain to the Elys blockchain as we prepare for CEX delistings. You have two weeks to do so.

• This is a token swap, not an airdrop. You MUST therefore keep your ELYS/EDEN tokens in order to proceed with the swap.

• For your token swap to be valid, YOU MUST KEEP YOUR ELYS / EDEN. If you sell them to buy them back later, they will not count for the first snapshot.

What’s next

• Elys Network operations remain unchanged and will continue to be maintained by the Elys team. Business as usual.

• Day 1 mainnet – fully audited and with a very new kind of revenue sharing model (To be explained soon).

• Full rebrand – new name, new token, new social channels. We’ll keep the Elys Network accounts and launch a new account for the new project.

• A new roadmap –  to give you full context on how everything will happen.

Over the coming weeks, we’ll reveal the branding, Twitter, roadmap, and complete tokenomics as well as other important information such as Season 2 of the Rewards Center and many other things you want (and need) to know.

Originally, we planned to announce everything in early September — but we wanted you to have time to digest this first and join us in shaping what’s next.

A note from the team

We know some of you are hurting. Many of you have been with us since the early days, even through losses. This decision is about respecting that and giving what we’ve built the best possible chance to succeed in a market where our model can truly thrive.

A full reset—except for the one thing we’re most proud of: The community that built Elys with us.

This is not the end of Elys Network’s story — it’s the next chapter in a bigger one. We’re moving to where the volume is, where the users are, and where our unique tech can make the biggest impact.

And more importantly, we’re moving together.

Welcome to the next chapter, the Expansion — and prepare to Ryze.