Partners: EverRise

Name of Project

EverRise

Proposal overview

The EverRise Ecosystem offers a Suite of Decentralized Applications (dApps) to provide security solutions for projects and investors in the DeFi space. At EverRise, we believe all investors should have assurance they are investing in legitimate projects and all legitimate projects should have the opportunity to be considered by investors. We launched EverOwn, the only community smart contract locker on the market.

EverOwn empowers developers to build trust within their community while increasing the project’s longevity by locking the contract and liquidity and allowing it to be unlocked through community voting when developers need to make changes on the contract, fix issues or apply for exchanges.

EverOwn holds and locks the contract within the decentralized application (dApp) on behalf of the community. If something needs to be changed or a problem needs to be fixed, the owner can unlock the contract and get the ownership back with a community vote. Another advantage of transferring ownership to the EverOwn contract is that any new liquidity generated will be auto-assigned to the EverOwn contract. This way, the owners can build trust within their communities, providing assurance that the newly generated liquidity tokens (not subject to the initial liquidity lock) are locked in the EverOwn contract, preventing a liquidity drain. EverOwn aims to prevent common risks in early-stage projects and provide solutions to benefit developers and investors alike.

EverOwn is currently available on the Binance Smart Chain and Ethereum Network. We will be launching on the Polygon mainnet on November 29th 2021. EverOwn is currently securing 22 projects and currently onboarding 9 others.

Proposal ask

[$3,000,000]

Metrics for success

  • Bridge to Harmony
  • Launch RISE/ONE on a Harmony DEX with equal liquidity as other chains ($2M each minimum)
  • Make EverOwn available to all projects on the Harmony mainnet
  • Co-market/educate smart contract safety importance & DAO methodology/community involvement

External links

EverRise website: https://www.everrise.com/
EverOwn DApp: Everrise DApp Platform - EverOwn

1 Like

Thank you for submitting a proposal to Harmony’s $300M Ecosystem Fund

We are in the process of reviewing your proposal. We would also love :blue_heart: to have the Harmony community participate to ask questions and provide feedbacks.

If you have more details to add, please do so by replying to this thread.

1 Like

Thank you Jack! If we are granted this proposal we will be making all of our dApps available to the Harmony mainnet, including our migration dApp, EverMigrate. Yesterday we paused all trading and began migration of our 105k+ holders to our v2 contract. We have already successfully migrated over 10k holders in the last 12 hours. We will make EverMigrate available to all projects on Harmony that are looking to upgrade their smart contracts. Please check out all the details including the video guide on the link below regarding EverMigrate:

We are going live with our new website in the next 24 hours along with an updated whitepaper. I will share those links here also. Thank you!

Our new website is live as is our updated whitepaper, links below:

Website: https://www.everrise.com/

Whitepaper: https://www.everrise.com/assets/pdfs/EverRise-WhitePaper.pdf

Thank you!

Great to see the Everstake team launch in the DeFi space in this direction. This is a relatively new model on smart contract locker / security.

Unfortunately this proposal does not fit an Partnership grant based on the guidelines at Apply for Grants or DAO for the following reasons:

Owners of each partner drive business and corporate development. Harmony commits to cross-chain adoption with industry-leading projects.

This proposal fits best to the Launch grant based on the guidelines at Apply for Grants or DAO

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit.
We recommend a $50K equity-free contribution each:

$10K after launching a feature-complete product on our testnet,
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs,
$10K after launching on our mainnet with audit,
$10K after 1K daily active users (with launch video, full PR promotion),
$10K after 10k daily active users (with a detailed roadmap, governance process).

Moreover, we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

In all cases, we ask for 3-month exclusive campaigns with Harmony before more porting with other chains. We also offer follow-on investments – see 50 Investments ($20M) above; but, at the moment, you must have an outside, lead investor for us to match the funding terms. All codes, development materials and production assets must be fully open, preferrably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Can we agree to the above terms?