Elys Network is a unique Layer-1 application chain with a full set of features including native Bitcoin and Solana staking and leveraged trading. Its main goal is to provide a universal liquidity layer that unifies various blockchains with one click. A Layer-1 application chain built on Cosmos SDK, it can easily integrate with other blockchains in the decentralized ecosystem. One of the main goals is to simplify the user's onboarding process and provide a user-friendly interface similar to centralized exchanges, while still maintaining the advantages of decentralized finance.
The universal liquidity layer refers to the concentration of liquidity in multiple ecosystems into one node, the Elys Network DEX. This means that users can get a wider selection of trading pairs, consistent and easily accessible liquidity pools, and a large pool of assets. This design reduces market fragmentation and improves the overall liquidity of all ecosystems. Elys Network's unified application implements multiple functions on the platform, allowing users to seamlessly stake USDC, ELYS (its native token), Bitcoin, Solana, and various types of tokens.
By adopting the Inter-Blockchain Communication (IBC) protocol, Elys Network provides a trust-minimized and secure bridge for native assets from EVM-compatible chains, Bitcoin, Solana, and Avalanche, enabling assets to be seamlessly transferred between Elys Network and other blockchains, thereby enhancing the inclusiveness of the entire ecosystem.