What is a Bootstrapping Phase and How Does It Work?
A bootstrapping phase is a critical event at the launch of a project designed to:
-
Boost adoption by providing high APRs for a limited time.
-
Accelerate token decentralization by distributing more tokens over a short period of time.
This phase is typically short-lived and serves as a powerful incentive for early adopters.
Bootstrapping at Elys Network: Boosted Rewards for Early Users
At launch, Elys Network will initiate a Bootstrapping Program, offering attractive rewards over a period of 1 to 3 months, depending on the outcomes of each phase.
Elys Network distributes rewards using two mechanisms:
-
Incentives: EDEN and EDEN-Boost tokens.
-
Fees: Paid out in USDC, collected from all platform features.
Learn more about the EDEN and EDEN-Boost mechanics at the end of this article.
Pool and staking Max APRs will be fixed for a few weeks, with a limited number of pools available to bootstrap the network.
Liquidity Pools and Rewards
At launch, Elys Network will support 5 pools:
-
ELYS/USDC
-
ATOM/USDC
-
BTC/USDC
-
ETH/USDC
-
TIA/USDC
Bootstrapping Phase APRs for early participants:
-
ELYS-USDC: 93.75% EDEN APR + USDC.
-
ATOM-USDC: 75% EDEN APR + USDC.
-
BTC-USDC: 75% EDEN APR + USDC.
-
ETH-USDC: 75% EDEN APR + USDC.
-
TIA-USDC: 75% EDEN APR + USDC.
Simple Staking and rewards:
At launch, Elys Network will support 4 Staking pools:
-
ELYS: 50% EDEN APR + USDC
-
USDC: 45% EDEN APR + USDC
-
EDEN: 50% EDEN APR + USDC
-
EDEN-Boost: 50% EDEN APR + USDC
-
EDEN-Boost earned on Staked ELYS / EDEN : 100% APR
Additional Incentive: The Reward Center
In addition to liquidity rewards, users can participate in the Reward Center, with a first 3-month incentive program distributing extra token allocation to early participants. This program offers an additional layer of benefits, making participation even more attractive.
How to Participate
Joining the Reward Center is incredibly simple:
-
Visit the Reward Center page.
-
Connect your wallet and link your Twitter account.
-
That’s it—you’re ready to start earning!
Once connected, you’ll have access to two main sections:
-
Affiliation Program
-
Invite your friends to join the platform.
-
Earn a percentage of the fees they pay for their swaps (rewarded in USDC) every month.
-
-
Missions
- Tasks include keeping your liquidity active in pools, maintaining your ELYS/USDC staked, and trading.
Progress and Rewards
For each day of participation, your progress is recorded with a blue dot in the weekly progression tracker.
- The more blue dots you collect, the higher your eligibility for larger rewards.
How USDC rewards Work
By participating in Simple Staking and Liquidity Mining, users earn dual rewards:
-
EDEN: A form of ELYS derivative token with unique utility. (more information below)
-
USDC: Directly generated from platform activity.
USDC APR varies depending on the utilization rates of Elys Network’s features, which include transaction fees, swap fees, margin interest, and others.
EDEN rewards are distributed at a fixed APR. EDEN tokens can be:
-
Staked to earn the same rewards as ELYS tokens.
-
Vested for ELYS tokens at a 1:1 ratio over a 3-month linear vesting period.
What is EDEN and EDEN-Boost?
-
EDEN is a form of ELYS derivative token that offers the exact same utilities while protecting the ELYS token:
-
‘Commit it’ to earn the same rewards as ELYS.
-
‘Vest it’ into ELYS over 3 months at a 1:1 ratio.
-
-
EDEN-Boost is a multiplier token that is earned while ELYS is ‘staked’ or EDEN is ‘committed’. Its purpose is to reward long-term users.
The APR for at which EDEN-Boost is earned is 100%. EDEN-Boost can also be ‘committed’ further to earn additional EDEN. EDEN-Boost is a way to multiply the rewards for staking ELYS or ‘committing’ EDEN for a longer period of time.
Within the Elys Network ecosystem, the more you stake, the more you earn—it's that simple.
By staking ELYS, USDC, EDEN, or EDEN-Boost, you’ll accumulate increasing rewards daily, along with fees paid in USDC.