Elys Roundup #1

Week In Review 7/14 - 7/21

Welcome to the Loop!

In the ever changing ecosystem of Elys and Cosmos it's hard to stay in the loop, and nobody has time to be living in the loop, except us that is. We recognize that, so we decided to bridge the gap between basement dwellers and the grass touchers!

Jump-To

• General News Overview
• Pre-Sale Unlocks Over!
• Eden APR Drops?!
• Developer Unlocks??
• Perpetual Updates
• Governance Updates

General News

• Elys Dex maintains ~$5M of volume for a second week in a row!
• Elys Dex generates $10k in fees paid out to stakers and LPers, the highest week ever!

Pre-Sale Unlocks Over!

People who bought Elys tokens during the public sale (Pre TGE) have now fully received all of their tokens. Those tokens were sold at either $0.30 or $0.25.

What does this mean?

• Now that these unlocks are over Elys may see more price stability
• Every month Pre-Sale investors would get a chunk of their tokens on the 17/18th and these chunks were distributed over a 7 month period. So every month on the 17/18th Elys would get massively sold because of these unlocks leading to a perpetual free-fall in price.

Developer Unlocks

On the 17/18th we saw the first team unlock, which released about 631,250 Elys. We will see this every 7 months.

elys1a9qavmjnjqrw9h8dj9adlfg9taz0xum7t60jw5 if you look at the sent transactions.

These tokens were not sold and was actually staked to the following governors:

• Elys Keepers - 441,833.85 ELYS
• polkachu.com - 56,248.80 ELYS
• CryptoCrew Validators - 49,999.00 ELYS
• The Silver Fox - 24,999.83 ELYS
• OtterSync - 20,833.00 ELYS
• kwak - 20,833.00 ELYS
• HighStakes.ch | Daily Airdrops - 9,000.00 ELYS

Total Staked: 623,747.48 ELYS

EDEN APR drops

Eden is Elys's bootstrapping token converted into Elys over a 90d linear vesting period

• Liquidity Mining APR
  • Originally 50% → Now 25%
• Staking APR
  • Originally 40% → Now 35%

What does this mean? / Why?

Elys's high inflation was/is meant to attract more liquidity as a bootstrapping mechanism to attract users thus liquidity to the platform. As time goes on this inflation gets lowered slowing down the rate at which $ELYS comes into inflation, and making Elys a more sustainable platform and $ELYS a more sustainable token.

Perpetual Updates

Elys Perp trading over the last 2 weeks with just a small select whitelisted traders has ~5x'd Elys's total volume and ~5x'd the platforms total fee's generated. One can imagine what this would look like when the beta opens. That is to ask, wen?

wen?

The launch was supposed to be this week, however Maxime (Elys's Marketing & Community Lead) has publicly stated that due to some issues this has been delayed and the new expected date is Tuesday/Wednesday July 22/23rd

So we are aiming for Tuesday / Wednesday next week for the launch

Governance Updates

• Proposal 78 EDEN - APR Reduction Phase 2
  • Covered above in the "EDEN APR drops!" section
• Proposal 79 - Update maximum_short_take_profit_price_ratio to 0.999999

Closing Remarks

This is our first shot at this, anything we missed? Any issues? Please let us know!