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EverRise Expands DeFi Safety Infrastructure to Fantom and Avalanche – Bitcoin Planet Press Launch

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PRESS RELEASE. EverRise, the blockchain bridging and safety options supplier that introduced redemption to crypto, expanded to Fantom and Avalanche blockchains over the weekend. With the addition of those two blockchains, the EverRise (RISE) token and ecosystem at the moment are accessible on a complete of 5 blockchains.

The Fantom and Avalanche blockchains present EverRise with an thrilling alternative to make their dApps extra extensively accessible. Fantom’s mainnet launched in December 2019 and their TVL not too long ago overtook Binance Sensible Chain. The Avalanchemainnet was launched in September 2021 and at the moment helps over 400 initiatives with over 1.3 million customers.

“The Fantom and Avalanche blockchains have a number of progress potential and bringing the EverRise ecosystem to those networks furthers our mission to carry safety to all of DeFi.” – Suresh Maddineni, CEO and Founding father of EverRise

Customers will even be capable of change FTM and AVAX cross chains for ETH, BSC, and Polygon via EverRise’s Native Coin Swap (NCS) function on EverSwap. The NCS permits cross-chain conversions between native cash of the blockchains on which EverRise is on the market at block pace. Utilizing the EverSwap dApp developed by EverRise and the expertise behind EverBridge, customers can shortly and securely swap between ETH, BNB, MATIC and now FTM and AVAX.

Venture builders and customers on Fantom and Avalanche will even now have entry to all at the moment accessible dApps: EverOwn, EverBridge, EverMigrate, EverSwap, and EverStake.

The RISE token is on the market by way of EverSwap on any accessible blockchain or by way of SpookySwap on the Fantom Community and TraderJoe on the Avalanche Community. EverSwap is a dApp a part of the EverRise ecosystem that enables transaction tax to be collected in native cash as a substitute of tokens to alleviate promoting stress when tokens are liquidated.

The growth is made doable by EverBridge, a brand new method to cross chain bridge idea launched final October. Assorted circulating provides have been hit on Fantom and Avalanche and locked within the bridge.

About EverRise

EverRise is a blockchain expertise firm centered on bettering accessibility to decentralized finance by bringing safety options to the house. Via an progressive ecosystem of decentralized purposes, EverRise supplies buyers and builders with the instruments to entry the widest doable market with the utmost degree of safety. They’re working in direction of the mass adoption of safety protocols on the Ethereum, Binance Sensible Chain, Polygon, Avalanche and Fantom networks and at the moment provide 5 safety dApps: EverBridge, EverOwn, EverMigrate, EverStake and EverSwap, with extra on the way in which of improvement.

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