DeFi Protocol EverRise Introduces New Utility for On-Chain NFTs
, the blockchain technology company that brought the buyback to crypto, has upgraded to a new smart contract that supports VeNomics and on-chain utility NFTs. The upgraded EverRise protocol introduces increased security features and an innovative staking platform built with on-chain utility NFTs. The RISE token is available on Ethereum,Chain, Polygon, Fantom, and Avalanche with one shared supply, made possible with EverRise’s bridging solution, EverBridge.
The NFT Stake is the container of the RISE token and the veRISE governance tokens. If the NFT is transferred, the tokens move with it. When the NFT is bridged from one blockchain to another, all of its metadata and contained tokens move to the other chain, becoming an NFT Stake of the new chain. The improved smart contract introduces unprecedented flexibility to staking. Each staking contract is an on-chain NFT tethered to locked RISE tokens. The key innovation with EverRise’s new staking protocol is that the NFT Stake itself, which holds the staked RISE tokens, is transferable, tradable, and bridgeable toChain, Ethereum, Polygon, Fantom, and Avalanche. While each stake is a commitment to lock RISE tokens for a set period of time, holders have flexibility to do more with their assets.
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