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Elys

Basic Information

InformationDetails
Project NameElys Network
Project WebsiteElys Network
Project DescriptionElys Network is a NextGen decentralized perpetual trading and leverage LP platform built on a fast Layer 1 blockchain. It offers ultra-low fees, multi-token liquidity pools, a decentralized oracle for price aggregation, and an intuitive WebApp for seamless onboarding.
Project TickerELYS

Airdrop Details

InformationDetails
Airdrop Typeholder,nft,testnet,retroactive
Total Airdrop Amount14% of total token supply (distributed over 2 years)
Number of Eligible UsersNot Known
Number of ClaimantsNot Known

Timeline

EventDate
Blockchain SnapshotVarious snapshots (July 1, 2024, & ongoing for testnet/mainnet incentives)
Claiming StartedDecember 17, 2024
Claiming EndsNot Known

Token Distribution

DistributionAmount
MaximumNot Known
Median/AverageNot Known
MinimumNot Known

Eligibility Criteria

Elys Network’s airdrop eligibility is based on multiple participation phases:

Testnet Participation (Odyssey Testnet)

The incentivized testnet was split into two phases, rewarding on-chain interactions.

  • Phase 1 (Snapshot: July 1, 2024)

    • Tier 2 NFT: 95+ on-chain interactions (swaps, staking, liquidity provision)
    • Tier 1 NFT: 195+ on-chain interactions
    • NFTs were distributed post-July 26, 2024
  • Phase 2 (Eligibility combined with Phase 1):

    • Tier 1 NFT: 485+ total interactions
    • Tier 2 NFT: Lower threshold (exact number not specified)
    • Participation required daily swaps, staking, and liquidity actions
  • How to Participate in Testnet:

    • Visit testnet.elys.network
    • Connect a Cosmos wallet (Keplr, Leap)
    • Perform daily on-chain activities (swaps, staking, adding liquidity)

ATOM Staker Allocation

  • Eligible Users: ATOM stakers (Cosmos Hub)
  • Increased Allocation: From 1,008,000 ELYS to 3,181,344 EDEN tokens
  • Previous Requirement: Voting on Proposal 897 (ICS 2.0 integration), but simplified to staking ATOM in later updates

NFT Holders & Community Roles

  • Elysian Legend & Horde NFT holders
  • ELYS Phase 1 & 2 NFT holders
  • Cadet Role (Discord): 372 ELYS at mainnet launch + additional rewards
  • Major Role (Discord): Special allocations (details not fully disclosed)
  • Hydro Users & stATOM Holders: Pending confirmation

Mainnet Incentive Program

  • Reward Center: 50% of the airdrop allocated for post-mainnet activity
  • Tasks: Staking, liquidity provision, token swaps
  • Verification: Daily snapshots for staking/liquidity, weekly validation for swap volume

How to Check Eligibility

Additional Information

  • The Bootstrapping Phase offers high APRs to encourage early staking and liquidity provision.
  • The Reward Center lets users earn additional rewards for completing missions and referring others.
  • EDEN and EDEN-Boost Tokens:
    • EDEN: Convertible to ELYS via a 3-month vesting period.
    • EDEN-Boost: A multiplier token increasing staking rewards.
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