What is EverRise?

EverRise (RISE) is a blockchain technology company that strives to enhance the accessibility to decentralized finance (DeFi) by introducing security solutions. The company's innovative ecosystem of decentralized applications (dApps) provides participants and developers with the tools to access a broad market with a high level of security. The EverRise token, a multi-chain, collateralized cryptocurrency, powers the EverRise dApp ecosystem. The company envisions a future where everyone can participate in DeFi with peace of mind about their holdings and developers can provide credible technological assurances that their projects are secure.

How does EverRise work?

EverRise operates through an automated buyback function that strengthens the EverRise liquidity pools. This function regularly purchases RISE tokens off the open market independently of team oversight or control, and compensates long-term participants by distributing those tokens to the staking pool. The EverRise smart contract, audited for security, is secured with EverOwn, which ensures that changes cannot be made without the RISE stakers’ approval. Future improvements and edits to the smart contract may be proposed through EverOwn, and may be implemented following a community vote from holders of veRISE, the RISE governance token. The RISE token is available on multiple blockchains with one circulating supply shared across all chains and balanced liquidity pools.

What are the potential use cases for EverRise?

EverRise aims to provide a suite of security-focused decentralized applications (dApps) for every aspect of multi-chain DeFi for both developers and users. The RISE token powers these dApps, making it a crucial part of the EverRise ecosystem. The token's automated buyback function serves to fortify liquidity pools across all chains, providing stability and security for token holders. Additionally, the EverRise Staking Lab allows users to stake their RISE tokens, locking them in for a set period and receiving veRISE tokens, which grant them governance votes on the EverOwn platform. This innovative feature aligns incentives for holders while focusing on the long-term performance of the protocol.

What is the history of EverRise?

EverRise was launched on June 15th, 2021, and was the first token to introduce the buyback mechanism to crypto. Since then, the buyback mechanism has been adopted by others in the space. The RISE token, a multi-chain cryptocurrency token, powers the EverRise dApp ecosystem. The audited EverRise smart contract is secured with EverOwn, ensuring that changes cannot be made without the RISE stakers’ approval. The company aims to increase the adoption of safety protocols and make DeFi more accessible to all.