It's time to take stock of our journey since launch and, more importantly, to reveal what lies ahead.

The Evolution of Elys Network

What you see today is just a glimpse of what Elys Network will evolve into in the coming months. At launch, we introduced liquidity pools and spot trading, later adding Leverage LP.

While these are fundamental features, they are just the building blocks of our broader ecosystem.

An ecosystem still unfamiliar to you. What you see today is nothing like what you'll experience tomorrow.

The Power of Smart-Shielded Pools

Our liquidity pools are designed for maximum efficiency. They currently provide high USDC APRs despite operating in a constrained environment with low liquidity. This is not a flaw—it’s a feature.

We have created an ecosystem where liquidity providers can enjoy enhanced rewards while maintaining sustainability even with low liquidity.

Organic Growth Since Launch

We have prioritized organic growth, focusing on increasing users rather than artificially boosting numbers by adding liquidity that is not necessary. Since our launch, our user base has grown nearly 10x, from an average of 300 daily users to around 2,500-4,500.

New & Returning Users This surge is reflected in trading volume and APRs within liquidity pools. Daily trading volume has jumped from approximately $70K to over $1.2M at its peak, with a stable average of around $400K in recent weeks.

Unlike many platforms, we do not chase liquidity, we want to see returns driving growth and TVL. Our growth stems from user interest, understanding, and belief in our ecosystem. As our user base and trading volumes continue to expand, staking pools will see even greater benefits. New feature additions will only accelerate this effect.

Key Focus: Maximizing Yield for Stakers

Our primary goal is to provide the best tools for our users while significantly enhancing yield for ELYS/EDEN stakers. Thanks to our recent growth, staking rewards have already tripled.

Our next goal? A 10x increase from here.

No rest for the Elys team until USDC APRs exceed 30% for ELYS & EDEN stakers!

(Way more thanks to EDEN-Boost, more on that in a new article soon.)

TVL Growth: A Testament to Organic Expansion

Our Total Value Locked has grown by 400% since launch, driven purely by organic user adoption. This demonstrates the strength of our ecosystem and the trust users have in our model.

What’s Next?

You’ve seen our roadmap, but if not, here’s a quick overview of our long-term vision:

• Perpetual Orderbook

• RWA Integration

• DeFAI

• Elys Predict

But in the short term, we have equally important milestones to hit:

1. Taker Fees Implementation:

   1. A 0.1% trading fee will be introduced in the next update.

   2. Fees will be used to buy and burn ELYS, creating sustained buy pressure while reducing circulating supply.

2. Swap Fee Reduction:

   1. Swap fees will be reduced from 0.2% to 0.1% to remain competitive.

   2. This aligns with taker fees to create a balanced and sustainable fee structure.

3. PerpDEX Launch (Gated Access):

   1. A select group of experienced traders will gain early access.

   2. Generates additional revenue for ELYS stakers and liquidity providers.

   3. Increases trading volume and overall ecosystem activity.

      The goal is to counterbalance the swap fee reduction with PerpDEX-driven volume and fees while applying taker fees to sustain buy pressure on ELYS.

4. New Vaults for Staking:

   1. Similar to the USDC vault but expanded to ATOM, BTC, and ETH.

   2. Staked assets can be used as collateral for Leverage LP.

5. Extended Leverage LP:

   1. Allows traders to take positions with assets beyond USDC, including BTC and ETH.

6. IBC Eureka & New Pool Integrations:

   1. With IBC Eureka, new liquidity pools and connections will be introduced.

   2. ETH and BTC will be available for liquidity pools from Day 1.

   3. We prioritized IBC Eureka over other bridges due to its security and efficiency.

(For those interested in the PerpDEX launch, an application form will be available soon. Given current liquidity constraints, access will be limited to high-frequency traders who can actively contribute to the ecosystem.)

Wrapping Up: The Key Takeaways

1. Taker Fees → Buy pressure on ELYS + reduced circulating supply.

2. PerpDEX Launch → Increased APRs for liquidity providers and stakers.

3. Vaults Expansion → ATOM staking first, followed by BTC and ETH.

4. ETH & BTC Pools → Available as soon as IBC Eureka goes live.

5. Extended Leverage LP → Trade with multiple assets beyond USDC.

Elys Network’s product offering is expanding, and stakers and liquidity providers have only seen a fraction of their future APR potential.

Now, it’s time to ⚡️accelerate⚡️ and reveal the remaining part of what we have in store.