May 23, 2024

Press launch. YongshengThe blockchain bridging and safety options supplier for repurchasing cryptocurrencies expanded over the weekend to the Fantom and Avalanche blockchains. With the addition of those two blockchains, the EverRise token (RISE) and the ecosystem at the moment are obtainable on a complete of 5 blockchains.

The Fantom and Avalanche blockchains current an thrilling alternative for EverRise to make their dApps extra extensively obtainable. Fantom’s mainnet launched in December 2019 and their TVL not too long ago surpassed Binance Good Chain. Launched in September 2021, Avalanchemainnet at present helps over 400 tasks and has over 1.3 million customers.

“The Fantom and Avalanche blockchains have nice progress potential, and bringing the EverRise ecosystem to those networks furthers our mission to deliver safety to all DeFi.” – Suresh Maddineni, CEO & Founder, EverRise

Customers may also trade FTM and AVAX cross-chain to EthereumBSC and Polygon by way of EverRise’s Native Coin Alternate (NCS) function trade perpetually. NCS permits cross-chain conversion between the blockchain’s native tokens, and EverRise is on the market at block pace.Utilizing the know-how behind the dApps EverSwap and EverBridge developed by EverRise, customers can rapidly and securely Ethereum, BNBMATIC and now FTM and AVAX.

Challenge builders and customers on Fantom and Avalanche additionally now have entry to all dApps at present obtainable: EverOwn, EverBridge, EverMigrate, EverSwap, and EverStake.

RISE tokens will be earned by way of EverSwap on any obtainable blockchain or by way of SpookySwap on the Fantom community and TraderJoe on the Avalanche community. EverSwap, the dApp portion of the EverRise ecosystem, permits transaction taxes to be collected in native tokens as an alternative of tokens to cut back promoting stress when tokens are liquidated.

EverBridge makes scaling potential, a novel strategy Cross-chain bridge idea Launched final October. Matching circulation provides have been minted on Fantom and Avalanche and locked contained in the bridge.

About Yongsheng

EverRise is a blockchain know-how firm centered on growing the accessibility of decentralized finance by bringing safety options to the area. By means of an modern ecosystem of decentralized purposes, EverRise offers buyers and builders with the instruments to entry the widest potential market with the best stage of safety. They’re working in the direction of mass adoption of safety protocols throughout the Ethereum, Binance Good Chain, Polygon, Avalanche and Fantom networks and at present provide 5 safe dApps: EverBridge, EverOwn, EverMigrate, EverStake and EverSwap, with many extra in growth.

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