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Industry Vertical
Decentralized VDA Exchange
Founder(s)/CEO
Prashant Srivastava, Mitchell Nishimura
Date of Establishment
2/22/2023
HQ
Singapore
Company Background

Elys Network is a Decentralized Perpetual Trading Platform that provides interoperability, scalability, security, speed, and low fees. Its cutting-edge integration ensures a seamless onboarding process for non-crypto-native users. Employing a hybrid DEX model utilizing AMM fixed weight pools and Oracle-based dynamic weight pools, the platform is powered by liquidity providers. Multi-asset index pools promote increased diversification and reduced volatility. Additionally, it offers native margin trading capabilities, including a universal cross-collateral vault, and integrates AI to enhance the user experience. With native bridging capabilities to Ethereum Virtual Machine (EVM) chains and Inter-Blockchain Communication (IBC) enabled blockchains, the platform ensures optimal UX and value capture. Moreover, it provides on/off ramps for major fiat currencies.

Key Investors and Funding Raised

5 Angel Investors committed and funds settled. $210,000 USD of $3.15m raised so far