Foresight News reported that Elys Network, a DeFi Layer1 application chain in the Cosmos ecosystem, has announced the launch of the second phase of its incentive testnet. This phase will be the final stage before the mainnet goes live. The specific criteria for the second phase will not be immediately disclosed, and users will qualify by completing daily tasks. The official statement mentioned that the primary task is to filter out Sybil attacks and reward genuine users, hence the criteria will be announced later.