SNEAK PEEK
- EverRise has developed a cross-chain NFT staking lab that allows RISE holders to create on-chain staking contracts.
- NFTs will be made directly available in compatible DeFi wallets and can be traded on platforms such as OpenSea.
- The automated buyback protocol will incentivize users where staked RISE provides proportional rewards to stakers.
In a recent announcement made via the official Twitter handle of EverRise, it was revealed that EverRise had brought a brand new development that holds the potential to give users the flexibility to bridge their staked assets across multiple chains and get their hands on the highest returns.
The #EverRise NFT Staking Lab locks your tokens with on-chain #NFTs in your DeFi wallet. Self-custody keeps YOU in control of YOUR holdings.
🌐 Learn more: https://t.co/utDkB3UOEK
— EverRise (@EverRise) November 18, 2022
As revealed, the EverRise cross-chain NFT staking lab will be allowing RISE holders to facilitate the creation of on-chain staking contracts that are linkable to five blockchains. However, it should be noted that the users are required to stake their RISE tokens in the staking lab which will create an on-chain NFT of those assets.
The NFT of those assets can be traded, bridged, or transferred to Ethereum, BNB, Avalanche, Fantom, and Polygon.
In addition to this, it should be laid an emphasis the fact that users are incentivized via an automated buyback protocol where staked RISE offers proportional rewards to stakers. Unfortunately, the stakes are only allowed in monthlong increments, which is the prime reason it is not able to provide ultimate flexibility.
The blockchain technology company that provides solutions related to bridging and security revealed that there is currently, over 61% of RISE tokens are staked across all blockchains, with BNB Chain registering the highest percentage, around 40% of the total tokens staked.
The NFT staking lab of EverRise is an opportunity for users to stake RISE and earn more.
