Earn Network teams up with Elys by introducing a validator on the testnet as an initial phase of the collaboration
Embarking on a new chapter in blockchain innovation, Earn Network is proud to announce its entry into the Elys Network testnet as a validator. This pivotal move sets the stage for the upcoming launch of our validator node on the Elys mainnet, marking a significant stride in our joint journey.
About Elys Network
Elys Network is an innovative blockchain platform positioned as the NextGen decentralized perpetual trading and leverage liquidity provider (LP) within the Cosmos ecosystem. With a strong focus on delivering a cutting-edge DeFi experience, Elys Network offers a range of unique features and solutions that set it apart in the blockchain space. Here are the key highlights:
- Global DeFi Goal: Elys focuses on increasing global DeFi adoption from 0.1% to 1% of the world's population by simplifying onboarding for traditional finance users.
- Innovative Features: Its functionalities take aim to cover Oracle-based Perpetual Trading, Multi-Asset Leverage LP, ETF-style index pools, Asset Swaps, and a unique pricing model, along with passive income opportunities on stablecoins.
- Cross-Chain Interoperability: Elys uses IBC and its native EVM Bridge for seamless asset transfers and liquidity from various ecosystems.
- Layer 1 Blockchain: As a standalone blockchain, Elys infrastructure provides fast transactions, low gas fees, and protection against MEV bots with a decentralized Oracle-based pricing service.
Behind the Elys Network project is a founding team comprising investors, entrepreneurs, blockchain validators, and product specialists with a wealth of experience in technology, finance, and business development, ensuring that their vision becomes a reality.
About Earn Network
The Earn Network operates as a decentralized platform for yield generation, featuring a marketplace filled with various solutions. The platform is designed to be fully non-custodial, allowing users to have full control over their own assets. The latest launched category which is restaking, is designed to help users grow their assets faster based on safe and trusted native staking.
Aura Network x Earn Network working plans
We're thrilled to share that Earn Network has successfully joined the Elys testnet as a validator. This key step prepares us for the anticipated launch of our validator node on Elys Network's mainnet. Looking ahead, we plan to incorporate Elys' cutting-edge features into our Restaking category, offering our users enhanced restaking capabilities and added benefits within the EARN ecosystem. This forward-thinking initiative aligns with our commitment to expanding our financial services and signifies a substantial advancement in our goal to provide our community with more comprehensive financial opportunities.
Why this Partnership Matter?
- Community Building: As part of our collaboration with Elys Network, we're dedicated to expanding our community by offering unique opportunities and incentives, aiming to create a more connected and dynamic user base.
- Securing the Network: By stepping up as a validator on Elys Network's testnet, Earn Network enhances the platform's security infrastructure. This move not only reinforces trust but also sets a solid foundation for the seamless implementation of restaking features on Elys Network’s mainnet.
- Innovation and Development: The upcoming release of Elys Network's mainnet will see Earn Network introducing new restaking features, a move anticipated to enrich our partnership and deliver advanced benefits to our community.
Stay Updated for More Information
As Earn Network partners with Elys Network, we're gearing up for new developments, including enhanced community engagement and upcoming restaking features with Elys's mainnet. Stay tuned for these updates as we aim to bring improved functionality and value to our users in the cryptocurrency world.
