According to Foresight News, Elys Network, a DeFi Layer 1 application chain in the Cosmos ecosystem, recently announced the completion of a $2.5 million seed round of financing, with investors including Comma3 Ventures, Cogitent Ventures, Persistence One and Kahuna. Elys Network is a DeFi Layer 1 application chain on the Cosmos Hub, providing native Bitcoin staking, automated market making and multi-asset index pools.