Elys Community has solid a strategic partnership with Cosmos, thereby increasing decentralized financing capacities for holders of $ atomic tokens. $ Atom has maintained minimal utility throughout the Decentralized Finance (Defi) house, the place customers solely implement it for deploying and liquidity facility. This partnership desires to introduce new functionalities that can create extra purposes for token holders.
We’re happy to announce a big partnership. @Elys_network
@cosmos
For the reason that starting, our objective is to carry an actual Defi imaginative and prescient that’s tailor-made to $ Atom.
Due to the brand new management on @interchain_io and Interchain Labs, this objective is inside our attain.
Learn on.
pic.twitter.com/qugbjtzgmo
– Elys Community (@Lys_network) 7 February 2025
This strategic initiative consists of the combination of Cosmos as a PSS chain inside Elys Community. Elys Community acts as an important middle for COSMOS Defi operations, whereas USDC yield-expanding Polish and perishable loss-free liquidity swimming pools and leverage LP collectors and a Percdex alternate ship. The partnership integrates these capabilities to construct a stronger monetary system for $ Atom customers.
Elys Community takes $ Atom as a core part
To additional adapt to the creating imaginative and prescient of Cosmos Hub below Interchain Labs, Elys Community implements necessary modifications that strengthen the which means of $ Atom. One of many main developments consists of assuming $ Atom as an important visitor smoking on the Elys community. This shift improves the Toker Utility and integrates it deeper into the actions of the community.
Furthermore, Elys Community is planning to allocate 15% of his protocol-fixed revenue to purchase again $ Atom and put it within the Community strike. The protocol capabilities as a operate for worth era with which customers can construct networks and liquidity. $ Atom strives to realize a mutual objective to create itself as a core energetic inside Defi markets.
Increasing the Defi -Ecosystem with a redesigned route map
Elys Community and Cosmos are engaged on a long-term route map that can introduce new capabilities and introduce intensive utilities for $ Atom and $ Elys holders. One of many upcoming developments are a perpetual order e-book and Defai instruments aimed toward optimizing Defi -position administration.
Elys Community tries to find out a deep liquidity via this collaboration that can help Cosmos-based asset improvement. Due to his collaboration with Interchain Labs Elys Community, the event of the $ Atom Defi panorama will information, whereas the adoption within the community is stimulated.