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EverStake: Staking RISE

EverStake: Staking RISE

Introducing Staking with RISE


Mobile Guide
Desktop Guide

With the upgrade in the EverRise protocol on November 29th, 2021, one of the significant new features is the ability to stake tokens. Reflections have been removed and staking will be the new method to earn passive rewards.

The first step to staking is upgrading all v1.0 tokens to v2.0 tokens through EverMigrate. More information on the upgrade process can be found here.

Starting on November 23rd, 2021 at 6pm EST, RISE v2.0 holders will be able to stake their new tokens with EverStake, getting a headstart on setting up their pools and timelock. Even though trading for v2.0 will not start until November 29th, the earlier holders begin their stake, the earlier their tokens unlock.

Before staking, holders will want to consider several things; amount to stake, length to stake, and chain to stake. The amount of tokens and length of time can be decided within EverStake but if the holder wishes to stake on a different blockchain, they will need to use EverBridge to transfer, without transaction tax, their tokens to the chain of their choice.

Staking with EverRise is a commitment from one holder to other RISE holders that they will not contribute to selling pressure. For this commitment, holders receive more rewards the longer they commit to stake.

Each blockchain that RISE is traded on will have an independent staking reward pool.

  • Buybacks on the Binance Smart Chain will be distributed to holders staking RISE/BNB.

  • Buybacks on Ethereum will be distributed to holders staking RISE/ETH.

  • Buybacks on Polygon will be distributed to holders staking RISE/MATIC.

Staking Time Periods

Holders can stake their tokens in month-long increments between 1 and 12 months, locking the tokens. Tokens are weighted by the staking duration. Example: If you stake 100 RISE tokens for 6 months, your weighted stake amount would be 600 RISE tokens.

Each time the automated buyback purchases tokens, those tokens are distributed among the total weighted staked tokens.The total weighted staking pool is made up of all staked tokens multiplied by the number of months the tokens have been staked for.

(All Staked Tokens) x # of Months Tokens Are Staked For = Total Weighted Staking Pool

Holders will receive a percentage of the tokens purchased by the automated buyback based on Holder Weighted Staked Tokens/Total Weighted Staked Tokens.

Holders can stake as many times as they want with any whole number of tokens.

Holders can stake a portion of their holdings for multiple time periods: these would be separate staking entries. Each entry will be independent with different ending times. Holders can have multiple staking entries, each one with a custom amount to stake, desired staking periods and started at different times.

Example:

  • First entry: Stake 200 RISE for 4 months starting from November 25th 2021

  • Second entry: Stake 650 RISE for 12 months starting from December 7th, 2021

  • Third entry: Stake 430 RISE for 6 months starting from January 15th, 2022.

There are no guarantees to holders for the number of tokens they will receive during their staking period. The amounts distributed to stakers changes based on the automated buyback, how many tokens the holder has staked, how many months the holder has staked for, how many tokens other holders have staked, and how many months other holders have staked for.


Unstake and Withdraw Tokens

Up to 60% of staked tokens can be withdrawn before the end of the staking period and are subject to an early withdrawal penalty:

  • Tokens withdrawn early during the first half of the staking period are subject to a 25% early withdrawal fee.

  • Tokens withdrawn during the second half of the staking period are subject to a 10% early withdrawal fee.

  • The withdrawal fee is distributed to the staking pool.

The token rewards earned from staking can be withdrawn at any time but if left staked, the rewards will compound.

It is important to understand the commitment you make when deciding to lock your tokens in the staking pool. You will need to do your own research to feel comfortable with whatever period of time or on which network you decide to stake your tokens.


EverRise Staking NFTs

Since the staking commitment is a show of long term support of the project, we have created a series of NFTs to show our appreciation of that support. Every holder that stakes will receive an exclusive NFT for each staking commitment. There are different NFTs based on the amount staked, time staked, and chain staked on.

Example:

  • Staking 10M V2 tokens for 7 months will earn an Amber Shark NFT

  • Staking 500k V2 tokens for 4 months will earn a Gold Stingray NFT

  • Staking 25M V2 tokens for 2 months will earn a Bronze Orca NFT

Holders can earn multiple NFTs by staking in any combination of amounts and times. NFT tiers are based on the amount staked initially but are claimed at the end of the staking term. If you withdraw a portion early, you will still earn the NFT based on the initial amount staked. There is no limit to how many staking NFTs any one wallet address can earn. Feel free to create as many separate staking commitments to earn as many NFTs as you want!

Stake the same amount multiple times to earn duplicates or stake different amounts to earn a variety. Maybe there will be a special bonus NFT if someone completes a set by staking the same amount across all time periods?


HOW TO USE EVERSTAKE

In this guide we will show you how to stake your RISE v2.0.

Mobile Guide

Go to EverRise.Finance 

Navigate to the menu and select EverRise Finance. For iOS users, please use either Safari or Google Chrome for your web browser. Navigate to the web menu and select EverStake > List.

Connect Wallet via Wallet Connect

We support all wallets on Wallet Connect but recommend: MetaMask and TrustWallet

If you are holding your RISE in a CoinBase Wallet, please use this guide to import your CoinBase Wallet into TrustWallet.

Once Your Wallet is Connected Select how many tokens you want to stake.

There is no minimum amount to stake. Select how long you want to stake. You can stake in month long increments between one and twelve months.

Please be aware that once staked, you can only unstake a 60% of your staked tokens before the staking period ends, and that there is a 25% early withdrawal fee if you withdraw early during the first half of the staking period, and a 10% early withdrawal fee if you withdraw early during the second half of the staking period.

Once you are ready to stake, click the STAKE button to stake your tokens and sign the transaction on your wallet to confirm.


Desktop Guide

Go to EverRise.Finance

Navigate to the menu and select EverStake dapp > List

Connect Wallet via MetaMask or Wallet Connect

If your wallet is not supported on desktop wallet connect, please consult our mobile guide above.

Once Your Wallet is Connected select how many tokens you want to stake.

There is no minimum amount to stake.

Select how long you want to stake.
You can stake in month long increments between one and twelve months.

Please be aware that once staked, you can only unstake a 60% of your staked tokens before the staking period ends, and that there is a 25% early withdrawal fee if you withdraw early during the first half of the staking period, and a 10% early withdrawal fee if you withdraw early during the second half of the staking period.

Once you are ready to stake, click the STAKE button to stake your tokens and sign the transaction on your wallet to confirm.