Hello all,
Now that ICS will be permissionless for consumer chains running sdk0.50+, Elys Network will no longer require a Cosmos Hub proposal.
Main net launch is near! We are now guaging interesting for our opt-in validators, maximum 40 for the time being. If you are interested in joining Elys as a validator, please fill out this form so that we can provide you real-time information
As a reminder, here are our pertinent details:
Proposed Chain Parameters
- Type: Opt-in
- AllowList: Not needed for Elys Network
- DenyList: Exchange validators
- NumberCap: 40 validators
- PowerCap: 10% voting power [revised on 24 Jul based on community input]
Elys Network Incentive Structure:
- 30% airdrop increase for validators and their stakers who opt in for 1 year
- 25% of staking rewards to Cosmos Hub opt-in validators and their stakers. For the first year, that equates to 2 million ELYS
- 15% of protocol-retained revenue (revenue remaining after distributions to liquidity providers and stakers) paid out to Cosmos Hub opt-in validators and their stakers in USDC
Thank you for your support!
Sincerely,
Hesham A.
Elys Network Co-Founder