Security-centric DeFi project EverRise upgrades protocol and launches on 3 blockchains – Press Release Bitcoin News


Press release. YongshengThe DeFi project that introduces the concept of cryptocurrency repurchase will be launched on the upgraded version 2 contract at 11:00 PM UTC on Monday, November 29th. The new RISE tokens will be provided on the Binance Smart Chain, Ethereum and Polygon networks through PancakeSwap, UniSwap and QuickSwap, respectively. One of the three blockchains will supply and balance the initial liquidity pool.

This is the first time that tokens have been released on three chains simultaneously, marking the first time that RISE tokens will be available on Polygon. The token was previously available on Binance Smart Chain and Ethereum.

There are several notable innovations and changes in the upgraded contract. Larry of Certik.io pointed out in the EverRise community update, “The upgraded EverRise contract is a technical masterpiece. The Certik team is impressed by the level of innovation and engineering.”

The most significant new feature is the introduction of staking, replacement of reflection, and allows the transaction tax to be reduced from 11% to 6%. Holders who choose to mortgage their tokens can flexibly choose a mortgage pool from 1 month to 12 months. The reward pool is provided by a new automatic repo. The upgraded automatic repurchase does not send the tokens to the destruction address, but distributes the purchased tokens to the pledge reward pool. The tokens will no longer be burned because the supply is now fixed and consolidated at a ratio of 10,000:1 to slightly less than 72 billion tokens (71,618,033,988).

With the release of v2.0, EverRise’s decentralized application (dApps) ecosystem will be provided to developers on all three chains, bringing safety and security to project developers and investors. EverRise currently provides developers with EverOwn, a smart contract locker, and EverBridge, a cross-blockchain bridge capable of block-speed transmission. EverSale, EverLock, EverWallet and EverSwap are currently under planning and development.

EverRise has developed two new dApps, EverMigrate and EverStake, to match the upgraded contract. EverMigrate helps simplify the token migration process, and EverStake allows holders to pledge their new tokens. EverMigrate will be provided to other projects that wish to transition to the new smart contract in the future.

In addition to the upcoming new dApps, EverRise also looks forward to bringing its tokens and dApp ecosystem to more blockchains in the future. They are committed to bringing safety and security to the entire DeFi field.

About Hengsheng

EverRise is a blockchain technology company dedicated to increasing the accessibility of decentralized finance by providing security solutions in this field. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers with tools to enter the widest possible market with the highest level of security. They are working on large-scale adoption of security protocols in the Binance Smart Chain, Ethereum and Polygon networks, and are currently providing more security protocols for EverBridge, EverOwn, EverMigrate and EverStake.

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