Elys Network has partnered with Cosmos to expand decentralized financing capabilities for holders of $ATOM tokens. Currently, $ATOM has limited use in the DeFi space, mainly for staking and liquidity provisioning. The partnership aims to introduce new functionalities to create more applications for token holders. Elys Network will integrate Cosmos as a PSS chain and offer USDC-yielding staking pools, impermanent loss-free liquidity pools, and a PerpDEX exchange. Elys Network will also adopt $ATOM as the main gas token and allocate 15% of its revenue to buy back and stake $ATOM. The collaboration will introduce new features and utilities for $ATOM and $ELYS holders, including a perpetual order book and DeFAI tools. The goal is to establish deep liquidity and boost the adoption of $ATOM across the network.



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