Elys Network has forged a strategic partnership with Cosmos, thereby expanding decentralized financing capacities for holders of $ atomic tokens. $ Atom has maintained minimal application within the Decentralized Finance (Defi) space, where users only implement it for deploying and liquidity facility. This partnership wants to introduce new functionalities that will create more applications for token holders.
We are pleased to announce a large partnership. @Elys_network 🤝 @cosmos
Since the beginning, our goal is to bring a real Defi vision that is tailored to $ Atom.
Thanks to the new leadership on @interchain_io and Interchain Labs, this goal is within our reach.
Read on.👇 pic.twitter.com/qugbjtzgmo
– Elys Network (@Lys_network) 7 February 2025
This strategic initiative includes the integration of Cosmos as a PSS chain within Elys Network. Elys Network is functioning as the most important center for COSMOS Defi operations, while USDC yield-expanding Polish and perishable loss-free liquidity pools and leverage deliver LP collectors and a Percdex exchange. The partnership integrates these functions to build a stronger financial system for $ Atom users.
Elys Network takes $ Atom as a core component
To further adapt to the developing vision of Cosmos Hub under Interchain Labs, Elys Network implements important changes that strengthen the meaning of $ Atom. One of the primary developments includes assuming $ Atom as the most important guest smoking on the Elys network. This shift improves the Toker Utility and integrates it deeper into the activities of the network.
Moreover, Elys Network is planning to allocate 15% of his protocol-fixed income to buy back $ Atom and put it in the Network strike. The protocol functions as a function for value generation with which users can build networks and liquidity. $ Atom strives to achieve a mutual goal to create itself as a core active within Defi markets.
Expanding the Defi -Ecosystem with a redesigned route map
Elys Network and Cosmos are working on a long-term route map that will introduce new functions and introduce extensive utilities for $ Atom and $ Elys holders. One of the upcoming developments are a perpetual order book and Defai tools aimed at optimizing Defi -position management.
Elys Network tries to determine a deep liquidity through this collaboration that will support Cosmos-based asset development. Thanks to his collaboration with Interchain Labs Elys Network, the development of the $ Atom Defi landscape will guide, while the adoption in the network is stimulated.
