EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is now integrating with the Polygon network and bringing its suite of decentralized applications (dApps) and security solutions to the Ethereum ecosystem.
Starting Friday October 8th, EverRise’s $RISE token will be available for swapping while both EverOwn and EverBridge will be available to projects on the Polygon network.
EverRise’s Ecosystem Providing Security Solutions
With Polygon’s full-stack scaling solution and fast-growing ecosystem, it is the optimal time for EverRise to bring its security-focused suite of applications for Polygon developers to begin leveraging.
Developers on Polygon will have access to EverOwn and EverBridge as well as the coming dApps EverWallet, EverSwap, EverLock, and EverSale once they are released. This gives developers the advantage of being able to integrate security solutions from EverRise while still having the scalability and low transaction costs Polygon already provides.
Investors will be able to trade the RISE/MATIC pair as well as utilize EverBridge to go cross-chain to Binance Smart Chain and Ethereum. There will be no transaction fees for going cross-chain with the exception of gas fees.
The EverRise suite of dApps will benefit projects and investors alike. EverOwn, the first dApp powered by EverRise launched in September, allows developers to secure their contract with EverOwn as opposed to renouncing. This provides assurance to the community that the contract cannot be changed while allowing developers the flexibility to make necessary changes by regaining access to the contract with a community vote. EverOwn also locks all newly generated liquidity dealing with any issues of liquidity drains. In addition, project developers will be able to appoint a second project owner, furthering the project’s longevity.
EverBridge will be made available to Polygon developers that are interested in taking their projects cross-chain in a way that protects their project. Rather than using the typical method of minting and burning tokens, EverBridge utilizes a locking and unlocking mechanism which makes it impossible for hackers to exploit a mint function.
Security in DeFi is Essential
Polygon’s growth has been rapid with its comprehensive ecosystem and user base. It is essential to provide security solutions to protect the space as it continues to grow.
“Polygon will become industry standard for Ethereum scalability, and it’s incredibly exciting to now be a part of their ecosystem with EverRise and bringing security solutions for all projects building on Polygon.” – Suresh Maddineni, EverRise CEO and Founder
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 700+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
A blockchain technology start-up committed to bringing security solutions to the DeFi space through an ecosystem of decentralized applications (dApps). EverRise was the first token to bring the buyback to cryptocurrency with the novel function that purchases tokens from the open market and immediately burns them. $RISE tokens are required to utilize their dApps: EverOwn, EverBridge and more coming soon. EverRise aims to bring additional levels of trust, safety, and security to Binance Smart Chain, Ethereum, and Polygon space.