A decentralized finance (DeFi) project claims it has become the first to upgrade protocols and launch on three blockchains at the same time.
EverRise offers a suite of security solutions that are all integrated through their bridge between blockchains — enabling assets to move freely and speedily from one network to another while also bringing an entire ecosystem across multiple chains.Â
It now has a presence on Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (MATIC), and all three share one token with a single circulating supply.
The blockchain services company has invented a collection of decentralized applications (DApps) too. EverOwn enables projects to achieve decentralization and security by locking up their smart contract, meaning changes can only be made with a weighted community vote. Meanwhile, EverBridge facilitates cross-chain transfers around 15 seconds, eliminating fragmentation. In addition, EverBridge features a novel lock and unlock mechanism for their cross-chain transfers that provides security by removing the need for a mint and burn function for bridging, and the tech for these fast transfer speeds.Â
EverMigrate assists projects that want to upgrade their smart contracts — delivering a secure platform where investors can swap their old tokens “in a single transparent transaction.” This DApp delivers many benefits. Not only does it eliminate the need for airdrops, but the streamlined process while keeping gas prices low — something that’s a primary concern for Ethereum users.
Coming soon
EverRise’s ecosystem is set to expand with a diverse array of additional DApps soon.
EverWallet will serve as a complementary tool to decentralized wallets such as MetaMask — ensuring that users will still be able to access their tokens even if their laptop or phone is lost or stolen.Â
Also in the pipeline is EverSwap, a cutting-edge intermediary that enables tokens to remain safely in a user’s wallet while they are bought, sold and transferred. Upon…
