Elys Network is a decentralized perpetual trading and leverage lending platform based on oracles, featuring an ETF-style multi-asset index pool. It aims to be the PerpDex and integrated DeFi consumption chain of the Cosmos Hub. Elys Network is currently running its final testnet and will soon launch its mainnet.
Elys Network has officially confirmed airdrops and future rewards for testnet participants. The mainnet is expected to launch in the second quarter of 2024. Take action now and don’t miss out on the next major airdrop.
1.Open http://keplr.app/download ➢ Download and install the Keplr wallet for your platform. ➢ Click on “Create a new wallet” and follow the simple instructions on your screen to create a wallet. ➢ If you already have the Keplr wallet installed, you can skip this step.
2.Go to https://testnet.elys.network
➢ Click on “Connect with Digital Wallet.” ➢ Choose Keplr and approve the new chain in your wallet.
3.Head to https://testnet.elys.network/faucet
➢ Click on “Claim Tokens” and wait 1–2 minutes for the tokens to arrive. ➢ If you encounter an issue where you’re reminded that you’ve already collected tokens but haven’t actually received them, try clicking a few more times.
4.Open https://testnet.elys.network/swap#USDC/ATOM
➢ Choose the USDC → ATOM swap, enter the desired amount, click “Receive ATOM,” and confirm the transaction. ➢ Make additional swaps between different tokens.
5.Go to https://testnet.elys.network/earn/staking
➢ Choose the USDC pool and click “Manage.” ➢ Stake USDC by entering the desired amount and confirming the transaction. ➢ Repeat the process for the ELYS pool by selecting a validator, entering the amount, and confirming the transaction.
6.Head to https://testnet.elys.network/earn/mining
➢ Choose any pool and click “Add Liquidity,” such as the ELYS-USDC pool. ➢ Deposit the desired amount and confirm the transaction.
7.Open https://testnet.elys.network
➢ Click on “Withdraw” and select “Send to another Elys Account.” ➢ Enter the recipient’s address (you can use your own), input the amount, and confirm the transaction.
8.Go to https://elys.bonusblock.io/?r=x5Ua8kvW
➢ Sign in with your Keplr Wallet, approve the request, and connect your socials to start completing quests. ➢ Some tasks may already be completed if you’ve followed the previous steps.
9.Head to https://testnet.ping.pub/elys/gov
➢ Connect your wallet, choose an active proposal, vote, and confirm the transaction. ➢ Be sure to check for active proposals regularly.
10.Go to https://elys-network.gitbook.io/docs/nodes-and-validators/elys-network-validators
➢ Follow the guide to set up a node and become a validator. ➢ This step is optional and intended for those interested in node operation.
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