The Decentralized Finance (DeFi) project claims to be the first to update protocols and launch three blockchains at the same time.
EverRise offers a suite of integrated security solutions across the bridge between blockchains, allowing assets to move freely and quickly from one network to another, and unifying the entire ecosystem across multiple chains.
It is now located in Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC), all using a single token with a single trading source.
The blockchain services company has also created a suite of decentralized applications (DApps). EverOwn allows projects to achieve decentralization and security by opening their smart contracts, which means that changes can only be made with community input. Meanwhile, EverBridge speeds up sequential transfers by about 15 seconds, eliminating fragmentation. Additionally, EverBridge features a new cross-chain lock and unlock mechanism that provides security by eliminating the need for bridging and write-to-connect functionality, as well as technology for such high transfer rates.
EverMigrate helps projects looking to renew their smart contracts by providing a secure platform where investors can exchange legacy tokens “in one transparent transaction.” This DA app offers many benefits. This not only eliminates the need for airdrops, but also simplifies the process while keeping gas prices low, which is a major concern for Ethereum users.
The EverRise ecosystem will soon be expanded with a variety of additional DApps.
EverWallet will act as a complement to decentralized wallets such as MetaMask to ensure that users can still access their tokens even if their laptop or phone is lost or stolen.
Also in development is EverSwap, a leading broker that allows tokens to remain secure in a user’s wallet during purchases, sales and transfers. At launch, this DAppen will be supported by PancakeSwap (CAKE) on Binance Smart Chain, Uniswap (UNI) on Ethereum, and QuickSwap (QUICK) on Polygon.
The planned innovations do not end there. Another upcoming DApp, EverSale, is a launch platform that will allow upcoming projects to do presales, whether they are based on BSC, ETH or Polygon. The unique selling point is that no tokens will be collected – EverRise states that “no project should fear a big sale when the momentum starts.”
Explaining her vision, EverRise told Cointelegraph: “When we think about the future of DeFi, we envision an area where investors can easily and confidently participate in their investments. We envision an industry where developers can access the widest possible market, while still being able to provide reliable technological guarantees for the safety of their projects.”
EverRise has been a busy time for the past six months. The original RISE token recently underwent a major overhaul to ensure it could be invested and used across multiple chains with balanced liquidity – while at the same time, the supply of quadrillion tokens was consolidated to 72 billion.
EverRise is also making full use of its own tools. EverMigrate was deployed to help investors switch, and in early December, 97% of the tokens were transferred and 46% of the total allocated through EverStake.
More information from EVERRISE
Both DApps from EverRise share a common theme: to give DeFi users confidence that their investment won’t be vulnerable to attackers. Given the number of high-profile hacks rocking the industry in 2021, it’s a very hot topic right now.
The project argues that addressing existing pain points is critical if DeFi ever reaches a critical mass adoption point. Given the speed at which the industry is developing, EverRise says its job is to make sure developers are equipped with the tools they need to keep up with the times.