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 Polygon ecosystem.
Starting on November 29th at 6:00 PM EST, EverRise’s RISE token will be available for
trading on QuickSwap (RISE/MATIC pair), and staking through EverStake, EverRise’s staking dApp. The rest of the EverRise ecosystem will also 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, EverBridge, and EverMigrate as well as the upcoming dApps EverWallet, EverSwap, EverLock, and EverSale upon release. This gives developers the advantage of being able to integrate security solutions from EverRise with the scalability and low transaction costs Polygon already provides.
Investors can trade the RISE/MATIC pair and utilize EverBridge to go cross-chain to Binance Smart Chain and Ethereum. There are no transaction fees for going cross-chain with the exception of gas fees. Investors will also be able to stake their RISE/MATIC pair and receive rewards on the Polygon network with EverStake.
The EverRise suite of dApps will benefit projects and investors alike. EverOwn, the first dApp powered by EverRise, launched in September. EverOwn provides a security and decentralization solution for projects by locking the smart contract and newly generated liquidity in a locker on the blockchain, only accessible with a weighted community vote. Developers that use EverOwn will continue to have the flexibility to improve their projects while giving their investors governance and protection from liquidity drains, hacks, and smart contract exploits.
EverBridge will be made available to Polygon developers that are interested in taking their project cross-chain in a secure, innovative way. 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.
EverRise’s most recently developed dApp, EverMigrate, will also be made available to Polygon developers that are looking for a seamless way to transition to the next evolution of their project. EverMigrate is the migration solution for projects wanting to upgrade their contracts, providing a secure platform where investors can swap their old tokens for the new upgraded ones in a single transparent transaction- all DeFi, all automatic.
Security in DeFi is Essential
Polygon’s growth has been rapid with its comprehensive ecosystem and userbase. 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 3000+ applications hosted, 1B+ total transactions processed, ~100M+ 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.
EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more on the way.
Source : cryptodaily.io