The Reward Center is Finally Here!

What is the Reward Center?

The Reward Center is a tool designed to help users maximize their rewards during the initial incentivized phase of Elys Network’s mainnet.

How Does It Work?

In addition to the juicy daily rewards you can already earn on Elys Network through EDEN (incentives) and USDC (fees redistribution), the Reward Center allows you to earn even more through two main features:

1. Missions: Stake ELYS (USDC will come shortly), add liquidity to pools, or perform token swaps to complete quests.

2. Affiliation Program: Invite your friends and earn USDC rewards based on the fees they generate each month.

A tutorial to bridge your USDC to Elys is available at the end of this article.

How to Participate:

1. Connect: Visit the platform and link your wallet and Twitter account : Click here

2. Complete Quests: Stake tokens, add liquidity, and perform swaps.

3. Auto Updates: Your quests will update automatically based on random daily snapshots.

Quest Criteria:

• TVL-Based Rewards: The more funds you have staked or added to pools, the larger your participation.

• Consistency: Daily snapshots are taken to track activity. Rewards are calculated based on the number of active days during the month.

• Swap Thresholds: Weekly swap activity is considered, with undisclosed volume thresholds to prevent wash trading.

Key Notes:

• Rewards are calculated monthly based on daily snapshots

• 30 days of liquidity = rewards for 30 days.

• 1 day of liquidity = rewards for 1 day.

NFT Holders Receive Extra Bonuses

NFT holders enjoy TVL bonuses based on their NFT holdings:

• Elysian Legends (Gold NFTs): 250% Bonus

• Elysian Horde (Silver NFTs): 100% Bonus

Link to the NFT collections :

• Elysian Legends on stargaze : Click here

• Elysian Horde on stargaze : Click here

Example of TVL Bonus:

Each NFT applies a TVL bonus up to $400 per NFT.

• Scenario 1: You hold 2 Elysian Legends with a $200 TVL.

  • Total Rewards are based on: $200 * 3.5 = $700 TVL (Bonus = $500 TVL)

• Scenario 2: You hold 2 Elysian Legends with a $800 TVL.

  • Total Rewards are based on: $800 * 3.5 = $2800 TVL (Bonus = $2000 TVL)

• Scenario 3: You hold 2 Elysian Legends with a $1600 TVL.

  • Total Rewards are based on: (800 * 3.5) + 800 (no multiplier) = $3600 TVL

How to buy ELYS or bridge USDC on Elys Network:

Buy ELYS tokens on Exchanges:

You can buy ELYS directly on Gate.io or on MEXC and send them to your keplr wallet on Elys network.

1. Connect your Keplr wallet to the Elys Network app : Here

2. Copy your Elys Address from keplr wallet as you can see in the visual below

3. Go on Gate.io or MEXC buy some ELYS and withdraw them to your keplr wallet using the address you've just copied.

How to Bridge USDC from an EVM Chain to Elys

Elys uses Noble for its bridging solution, and the process is straightforward.

You can bridge from different ecosystem: Base / Solana / Ethereum / Arbitrum / Optimism / Polygon / Avalanche to Noble.

1. Visit 1 Click USDC.

2. Choose your source chain and set Noble as the destination chain.

3. Connect your Metamask and Keplr wallets. (Click on Auto fill and make sure that the noble address is the one you have on your keplr wallet).

4. Perform the bridge transfer. (It can take up to 15-30 minutes)

Note: Fees are minimal.

Depositing USDC to Elys

Once your USDC has arrived on Noble:

1. Go to the Elys Interface.

2. Click Deposit

3. Click on Deposit Crypto

4. Select USDC and transfer your funds to Elys.

Tip: While the process may take some time, bridge fees are free!

Enjoy the Reward Center and maximize your earnings! 🚀