Introduction

Decentralized Finance (“DeFi”) is a new, rapidly growing market that lacks fundamental security infrastructure. EverRise is a blockchain technology company offering a suite of security-focused decentralized applications (dApps) for every aspect of multi-chain DeFi for both developers and users. When we think about the future of DeFi, we envision a space where everyone can easily participate, while having peace of mind about their holdings. We envision an industry where developers have access to the widest possible markets while being able to provide credible technological assurances that their projects are secure. We are working to bring EverRise and our ecosystem of dApps to as many blockchains as possible to increase adoption of safety protocols and make DeFi more accessible to all.

RISE Token

The original buyback token powering the EverRise Ecosystem. EverRise, launched on June 15th 2021, was the first token to bring the buyback to crypto. Since then, the buyback mechanism has become standard in the space with countless forks. The RISE token is a multi-chain cryptocurrency token that powers the EverRise dApp ecosystem. The automated buyback function strengthens the EverRise liquidity pools while protecting all holders by regularly purchasing RISE tokens off the open market independently of team oversight or control, and rewards longterm holders by distributing those tokens to the staking pool.

The audited EverRise smart contract is secured with EverOwn, which ensures that changes cannot be made without the RISE stakers’ approval. Future improvements and edits to the smart contract may be proposed through EverOwn, and may be implemented following a community vote from holders of veRISE, the RISE governance token. The smart contract never leaves the vault and changes are made with full transparency. Powered by the technology of EverBridge, the RISE token is available on multiple blockchains (BNB Chain, Ethereum, Polygon, Fantom, and Avalanche) with one circulating supply shared across all chains and balanced liquidity pools. Holders can move their tokens to the chain of their choice.

The goal: Unify DeFi with a protocol that secures and interconnects all blockchains.

The EverRise Protocol

The EverRise smart contract is a multi-chain token and on-chain utility NFT smart contract. EverRise shares one (1) circulating supply across all blockchains EverRise is available on. The EverRise Ecosystem of dApps is therefore available to projects and holders on each of those blockchains. The EverRise ecosystem and token are fortified by the Auto-Buyback and Stake protocol, which purchases RISE tokens from the market and sends them to the staking rewards pool on the EverRise Staking platform. The 4% transaction fee collected for Liquidity Reserve (Auto-Buyback and Stake Protocol) is stored in the EverRise smart contract and is referred to as the buyback reserve.

The buyback reserve acts as a second liquidity pool, exchanging native coins for RISE tokens in the main liquidity pool. The EverRise buyback function is automatic based on the amount of blocks minted on the blockchain. The Auto-Buyback and Stake function serves one key purpose: fortifying liquidity pools across all chains. When staking RISE tokens; the amount of tokens staked lock in the wallet for the time period of the stake, and the staker receives veRISE (vote escrowed RISE) which empowers them with governance votes on the EverOwn platform. The veRISE for each stake is held in a transferrable NFT (nftRISE); which if transferred the stake moves with it. A holder can create many stakes with many different start times; amounts and time periods.

The EverRise contract is coded to collect 6% in fees from all transactions (buys, sells, and transfers) across all blockchains.

• 4% for Liquidity Reserve (Auto-Buyback and Stake Protocol)

• 2% for Project Sustainability: Enhancements, Operations, and Marketing.

RISE Token Security Features

Four key security features have been implemented to provide additional protection to RISE token and NFT holders: time-locks, bounded permit approvals, ability to mass revoke operator approvals, and auto-timeout. Time-Locks The time-lock feature is the ability to lock tokens and NFTs for a set duration of time. During the time-lock period, tokens and NFTs cannot be moved or transferred. Time-locks can be created from the EverRise dApp platform. An alternate wallet can be assigned when the time-lock is created to access and unlock the tokens early. Bound Permit Approvals It is common practice for DeFi swaps to ask for an infinite spending approval for your assets in order to not ask for reapproval for each transaction.

RISE allows a spending permit to be included with the swap action at EverSwap, so only an allowance for that transaction needs to be given with no additional approval transaction. This both bounds the spending approval only to that transaction’s amount while still making the gas savings. This feature is inherently coded in the EverRise smart contract and is done automatically through EverSwap. Ability to Mass Revoke Operator Approvals In case of a security breach or concern of one at DEX, NFT Marketplace or 3rd party dApp, RISE holders can mass revoke all spending and operator approvals for the RISE token, NFT assets, or both at anypoint in time. Revoking spending approvals will require RISE holders to re-approve spending and operator approvals before any transactions can happen with their RISE assets on any 3rd party site.

Auto-Timeout:

The auto-timeout feature is the ability to set the token to automatically revoke previously granted token approvals. Holders can set a time between 1 hour and 7 years from the dApp page. This feature only applies to approvals given after setting the preference.  Any previously granted permission must be manually revoked. Users can choose to use this on a case by case basis by turning the feature on or off before making any approvals.