Elys Network - Guaging Interest for our 40 opt-in PSS validators

ATOM Economic Zone
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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

11 Likes
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On behalf of the PRO Delegators’ validator, we are pleased to confirm our support in operating the Elys chain. Our secure position within the validator set qualifies us for a guarantied participation under the validator cap of 40, and we are preparing for the mainnet launch accordingly. Looking forward to seeing everyone on the other side :love_letter:.
pro-delegators-sign

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Hi, Hashkey Cloud is very interested in joining Elys as a validator, we already submitted the form, hope you may consider us and let us contribute to the network.

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On behalf of SG-1 we’d like to indicate our interest to supporting Elys mainnet launch. We were happy to test out some of Elys’ consumer chain functionality in ICS testnet and would be pleased to continue supporting through mainnet. As a top 3 hub validator we can offer strong support to Elys Network’s long-term success.

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we at cosmos Af (optimu labs) is signalling interest , we will be a long term supporter.
we have already submitted the form
Thanks

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We at GATA HUB are supportive of this proposal and excited about the direction Elys Network is taking with its 40% opt-in PSS for validators. We also aim to initiate our operations on the Elys mainnet and are eager to contribute to the network’s growth and decentralization. Best of luck with the mainnet launch — we look forward to being a part of this journey!

2 Likes