EverRise Launches EverSwap With a Native Coin Swap to Facilitate Cross-Chain Exchanges

PRESS RELEASE. EverRise launches their 5th decentralized exertion (dApp) today, EverSwap, a multi-chain decentralized speech (DEX), with a Native Coin Swap diagnostic powered by their cross-chain bridging dApp EverBridge. The Native Coin Swap (NCS) functionality lowers the obstruction to introduction for those funny successful the multi-chain DeFi abstraction by making the cross-chain acquisition accessible and seamless with less steps, less fees, and faster transfers.

With EverSwap’s Native Coin Swap, users volition beryllium capable to swap autochthonal cryptocurrencies, starting with Ethereum (ETH / ERC-20), Binance Smart Chain (BNB / BEP-20), and Polygon (MATIC / Polygon), crossed blockchains without the request for a centralized exchange. The Native Coin Swap provides a one-step DeFi solution for trading autochthonal cryptocurrencies.

Native coins specified arsenic BNB, ETH, oregon MATIC typically request to beryllium withdrawn to a centralized speech erstwhile swapping for the coin of a antithetic blockchain. This process traditionally costs some clip and wealth with aggregate transactions progressive and steps needed to beryllium taken by the user. Instead, EverSwap’s Native Coin Swap performs each transactions successful the backend, creating a much streamlined process for users with the quality to person caller coins astatine artifact speed.

EverSwap’s Native Coin Swap provides a accelerated and businesslike mode for users to enactment successful aggregate blockchain ecosystems portion staying each DeFi. Since the diagnostic leverages the unsocial bridging infrastructure created for EverBridge by the EverRise improvement team, users are capable to instrumentality vantage of EverBridge’s information features and artifact velocity transfers. During their nationalist beta release, users reported autochthonal coin cross-chain swaps being completed arsenic accelerated arsenic wrong 2 minutes.

Diving into the EverRise Ecosystem and EverBridge’s Technology

EverRise released an upgraded token (RISE) connected November 29th, 2021. The upgraded RISE token launched simultaneously connected 3 chains connected by EverBridge, with 1 circulating proviso crossed the Ethereum, Binance Smart Chain, and Polygon networks. This shared proviso allows the RISE token to beryllium utilized arsenic an intermediary transportation token betwixt the 3 blockchains. The protocol upgrade besides introduced flexible, precocious output staking into the EverRise ecosystem and made their security-centric dApps disposable to projects developed connected immoderate of these blockchains.

EverSwap’s Native Coin Swap utilizes EverBridge’s exertion to execute the transactions connected the backend. EverBridge takes a autochthonal coin connected 1 blockchain, converts it into RISE, past bridges the RISE tokens to the receiving blockchain, sells the bridged RISE tokens for the caller autochthonal coin and deposits it straight backmost into the user’s DeFi wallet. Users justcover the state interest and a 1% transaction interest per swap initiated. The measurement generated from these transactions besides contributes to the EverRise buyback and involvement protocol. Currently, implicit 47% of the full RISE proviso is staked and locked for an mean of 9 months.

EverSwap: On the mode to go an all-in-one multi-chain DEX

EverSwap’s Native Coin Swap diagnostic is 1 of the archetypal of its benignant successful the decentralized concern abstraction and is simply a monolithic milestone for the manufacture arsenic a whole. With a frictionless acquisition and intuitive UX/UI, EverSwap’s Native Coin Swap provides a caller instrumentality for those exploring aggregate blockchains successful the DeFi space. As EverRise expands its ecosystem to much blockchains, they volition bring this diagnostic on with them and marque much autochthonal cryptocurrencies disposable for trading connected EverSwap.

EverSwap’s Native Coin Swap diagnostic is lone the opening of the all-in-one multi-chain DEX that the EverRise squad is gathering out. A multi-chain swap enactment for the RISE token is slated to beryllium released soon for RISE holders to swap RISE connected Ethereum, Binance Smart Chain, and Polygon. In summation to the multi-chain swap diagnostic for RISE, EverRise volition besides beryllium looking to adhd functionality to let users to swap different DeFi tokens trading connected Ethereum, Binance Smart Chain, and Polygon networks successful the future.

About EverRise

EverRise is simply a blockchain exertion institution focused connected expanding accessibility to decentralized concern by bringing information solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to entree the widest imaginable marketplace with the maximum level of security. They are moving towards the wide adoption of information protocols crossed Binance Smart Chain, Ethereum, and Polygon networks and presently connection 5 information dApps: EverBridge, EverOwn, EverMigrate, EverStake and EverSwap, with much connected the way.

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