ChainCatcher message, Cosmos ecosystem DeFi Layer1 application chain Elys Network announced that airdrop queries are now online. Currently, only 5% of the supply can be queried for airdrop status. Elys will release detailed airdrop information, which accounts for 14% of the supply, on December 8. After that, users can check their airdrop eligibility again.Elys Network stated that to qualify as an ATOM staker, Hydro user, or StATOM holder, participation in proposal 897 (ICS 2.0: Partial Collection Security Integration) voting is required, with a qualification threshold of staking at least 10 ATOM, using a quadratic distribution model.

ChainCatcher news, Cosmos ecosystem DeFi Layer1 application chain Elys Network announces the launch of the second phase of the incentive testnet, which will be the final phase before the mainnet launch. The specific criteria for the second phase will not be announced immediately; users will qualify simply by completing daily tasks.The official statement indicates that its primary goal is to filter out witch attacks and reward real users, so the criteria will be announced later.

ChainCatcher news, the Cosmos ecosystem crypto trading platform Elys Network has announced the completion of a $2.5 million seed round financing, with participation from Comma3 Ventures, Cogitent Ventures, Persistence One, and Kahuna, among others. The valuation details have not been disclosed.According to the Web3 asset data platform RootData, Elys Network is a decentralized perpetual trading and leveraged lending platform based on oracles, featuring an ETF-style multi-asset index pool. Its characteristics include high scalability, interoperability, and security, with high TPS and low transaction fees. Elys Network aims to become the PerpDex of Cosmos Hub and an integrated Defi consumption chain.

ChainCatcher news, ATOM Accelerator DAO (AADAO) announces its first venture funding project as the integrated DeFi Layer1 application chain Elys Network for Cosmos Hub, with both parties reaching a strategic cooperation.The venture funding project for Cosmos Hub is deployed through AADAO, aiming to invest in high-growth early-stage projects within the cross-chain ecosystem. Through the Cosmos Hub venture funding project deployed by AADAO, the Cosmos Hub community fund pool will receive a substantial amount of ELYS tokens.