EverRise is the blockchain technology company responsible for bringing the buyback to cryptocurrency. It has now upgraded to a smart contract that supports VeNomics and on-chain utility NFTs. The new EverRise protocol includes enhanced security features as well as an innovative staking platform that uses on-chain utility NFTs. The RISE token can be purchased on Ethereum, BNB Chain and Polygon with one shared supply. This is possible thanks to EverRise’s bridging solution EverBridge.
Staking contracts can now be fully protected on the blockchain by using on-chain NFTs. Today, most NFTs are stored off-chain on an centralized server with a serial number as well as a redirect link to the blockchain. Contract deployers can modify these on-server NFTs in the future. EverRise makes full usage of the public ledger, and the immutability smart contracts by securing all information required to generate NFT Stakes via the EverRise NFT Staking Laboratory.
The EverRise NFT Stakes metadata and image are both stored directly on the Blockchain and do not require any external data sources. Each stake’s data is used to generate the attributes and the image for the NFT.
The NFT Stake contains the RISE tokens and veRISE governance tokens. The tokens will move along with the NFT tokens if it is transferred. The NFT can be bridged between two blockchains. All metadata and tokens are transferred to the other chain. This creates an NFT stake.
EverRise uses an automatic buyback-and-stake model to strengthen EverRise’s liquidity pools and reward stakers. RISE tokens can be automatically bought from the market and distributed in the staking reward pool. Holders have the ability to mint EverRise NFT stakes by staking their tokens. They can also interact with a variety of features in EverRise NFT Staking Lab. Holders who stake RISE get on-chain NFTs and vote escrowed RISE (“veRISE”), which grants them governance votes for EverRise.
The smart contract has been improved to allow for unprecedented flexibility in staking. Each staking contract is an NFT on-chain tethered with locked RISE tokens. EverRise’s new stake protocol has a key feature: the NFT Stake, which holds staked RISE tokens is transferable, tradeable and bridgeable to BNB Chain Ethereum, Polygon and Fantom. Each stake is a commitment that RISE tokens will be locked for a certain period of time. However, holders can do more with their assets. EverRise NFT Stake holders have the ability to transfer, trade, and bridge their assets using the NFT Staking Lab distributed application. EverRise currently has 70% of its total supply staked as of Monday April 4th 2022.
EverRise also provides protection for the RISE tokens and RISE assets with key features such as time-locks and bounded permit approvals. They also allow operators to mass-revoke approvals and have auto-timeout. These security features protect against common exploits in the DeFi or NFT space.
EverSwap is EverRise’s multi-chain swap interface. This allows projects to collect transaction taxes in native cryptocurrencies instead of project tokens. This eliminates the sell pressure that comes with the “swap or liquify” function.
About EverRise
EverRise, a blockchain technology company, aims to increase access to decentralized finance and bring security solutions to this space. EverRise offers developers and investors the opportunity to gain access to the largest market possible with the highest level of security through an innovative ecosystem decentralized apps. They are currently working to spread safety protocols across Ethereum and Binance Smart Chains, Polygon and Avalanche networks, and offer five security dApps: EverBridge (EverOwn), EverMigrate (EverStake) and EverSwap (with more in the works).
