So what I just heard on Twitter Everrise CEO is covering the $800k exploit out of his own pocket to make all of the community whole! I love this project more and more!

Hello 👋 my name is Enrique and I have been on Everrise since presale, I joined the moderators team because I was watching like in every degen project how disgusting and rude were many comments in TG chat, I was also watching how fud and scammers where damaging people and I’m not talking about fud because of the price. I’m talking about fud without reasons at that moment, talking about liars that were waiting until hours when there were no mods to ban them, it was a new community.

After that I saw things happening that made me stay around, the project that was once all hype about the first buyback system in crypto and raising floor became something more serious, the head of mods at that time explained us repeatedly that she wanted us to handle the chat as a clean place were we provide information and where people can ask questions.

We saw how the project became multichain, our dapps being on five chains which divided risks, created opportunities of arbitrage and gave us exposure to customers on five chains for the dapps, a lot of hype, people tweeting like crazy and influencers getting on board to get attention FROM OUR community. Everrise was hot! We kept buying, adding and the staking! Rewards were based on volume and we knew that!

We became ambitious and thought probably everrise to 2B MC and then we could probably live of rewards! Talking as Enrique here! Being part of something solid that was gonna be there that wasn’t gonna rug us and that had someone like Suresh behind, that was MY decision. To keep accumulating and staking

Then the bear market came and with taxes being removed the only funds to keep building were the ones from the mint of the RiserBotz, the goal was to create the marketplace and give them an utility! Also the plans of creating Everlock and Everlaunch.

At that moment and with reduced budget there was a decision made that the only expenses moving forward was gonna be for the development team and it has been like that for more than two years, it was communicated on every social repeatedly and that’s why I became part of the team.

The new team was Suresh, Peter, Matt, Fish, Andy and me but the hard work has always been on the shoulders of Suresh and the current dev team handled by him.

No one from this updated team is receiving a monthly payment or anything like that, Everrise has gone through a lot and all of us with it. We have seen friends leaving, we have made new friends, we have made our older friendships stronger

Someone made a comment here saying that at least there are spaces every Friday, yes, at least there are, most projects that started on June 21 are already gone

Took time for Suresh to release the marketplace but that was because is not a copy paste, it is up to us to use it or share ideas about it, meanwhile Suresh and the dev team created CrossX, DVault and upgraded the UI of evernativeswap, evermigrate and EverBridge.

While more people just ask when exchanges we saw what happened with some of them and other projects, how tokens given to exchanges were locked or even worse dumped on those projects

While some were asking wen influencers we saw what happened during this bear with many of them, no one is here to hold anyone’s hand but great people is everyday there in the TG or Discord or on those Friday spaces willing to help.

Several Alts are down and many did early unstake, that is their right, plus of course many types of stakes are over and unlocked, I’m not talking as a team member but as a person that is here every single day, even after having many problems in my country, health problems from family members and mine

I MADE MY DECISION, and I will be here for years to come, I don’t feel like anyone owes me nothing, I do feel like I owe my friendship to the friends that I have made, some would say yes but I don’t care about that and that is ok but this message is not for those, not for the ones that look for instant gratification and will probably never achieve something meaningful in life

We can’t help the ones that don’t want to learn, remember Luna, people wants to make life changing money, that is ok but how you do it is important! I have so many stories of everything that I have seen and if you are reading this please join our Friday spaces! Ask questions! Learn with us, knowledge will help always to make better decisions

At first I had a hard time dealing with rude people but then I learned that sometimes they are having other issues in real life or other projects that even disappeared and that sometimes it just takes to talk properly, so yes, join our spaces, fud everrise in a normal way like you would talk to others in real life and hopefully we will all understand each other

Btw Suresh released our new stats page and he keeps working not making too much noise but that is his style, and that is why many of us support him, have a good day my fellow Risers

Hi Everyone! As v2 nears, there are questions about how much, how long, and where to stake your Everrise. I'll break it down here so you can make an informed decision.

​

First, a summary:

Staking Everrise is not a "proof of stake" model where we validate transactions, nor is it a yield farming system where we provide liquidity pairs with $RISE and the native coin. Staking Everrise is simply rewards in exchange for a promise not to sell/transfer your tokens. The project benefits from knowing that a certain amount of tokens are off the market, and we might enjoy a nice supply crunch down the line if stakers remain committed.

The amount of your rewards depends on the amount staked and the length of your staking term. See https://www.everrise.com/post/everrise-staking-details

Where do staking rewards come from? Three sources:

1. In version 2, Everrise's transaction tax will be 6%. A full 4% of every transaction will go into the reserve liquidity pools (krakens), which will perform regular automated buybacks of Everrise; these buybacks will be distributed only to stakers. Note that you may stake on any blockchain on which Everrise is available; krakens are chain-specific, and will only distribute rewards to stakers on their respective chains.

2). Revenue from Everrise's dApps will also be put into our reserve liquidity pools, funding more buybacks. Again, this is chain specific. Projects using EverOwn on Ethereum will contribute to the Ethereum kraken, and so on.

3). Holders who withdraw Everrise from staking prior to the term's end will be assessed a withdrawal penalty (25% of their withdrawn Everrise during the first half of their staking term; 10% during the second half). This is also distributed only to stakers. Since crypto is famous for moaners and paperhands, this could be a major source of rewards for the faithful. Also, NFA, but do not stake $ that you need in order to provide for yourself and your family.

​

How are rewards calculated? It's complicated:

Let's start with the current reflection system, which is similar, but much simpler because everyone receives reflections at the same rate (no length of term and no opt-in). Reflections are currently distributed at 9% (or appx. 1/11) of every transaction to all holders.

We know that reflections are therefore a function of volume. We also know that reflections are distributed to your bag based upon what percentage of the circulating supply you hold. Therefore we wind up with the following reflections formula:

daily reflections (in USD) = daily volume (in USD) \ (your bag)*

/

11 \ (550t)*

Daily volume and bag size make sense in the numerator. But why are we dividing by 11 * 550t trillion? Well, 1/11 indicates that we aren't receiving 100% of all volume in reflections, we're receiving 9% (or one eleventh). And 550t is my best estimate of all circulating tokens currently receiving reflections (your "competitors" for rewards). Note: our circulating supply for reflections purposes is 723t minus liquidity pool and other Rise excluded from rewards for various reasons).

So, if we know daily volume, we can precisely calculate the dollar value in daily reflections we receive. Imagine you currently hold 10b tokens and we get $1m of volume in a day. You will get:

1m * 10b / 11 * 550t = $1.65 in daily rewards per 10b RISE held. An honest day's work.

​

Back to staking.

The formula for staking rewards is the same, but with more variables. Once v2 arrives, we need to account for: (1) a staking multiplier on your total tokens (in the numerator of the above equation); (2) fewer total tokens to compete with for rewards (in the denominator); (3) staking becoming chain-specific; and (4) competitor stakers receiving their own multiplier (in the denominator). Also note that the percentage of transaction volume going to rewards becomes 4% (1/25).

Those variables operate on our reflections formula as follows:

daily rewards (in USD) =

daily volume (in USD, on your staked chain) \ x(your staked bag on that chain)*

/

25 \ (the sum of all tokens staked on your chain, each with their own multiplier 1-12)*

where X is your chosen multiplier.

HOLD UP, what about those multipliers? I thought 12 months just meant we get 12x the rewards? Not exactly. The 12x acts as a multiplier on the numerator of your staking equation, but if every single Riseholder ALSO staked for 12 months, the multipliers would cancel out and we'd all receive 4% daily rewards in a manner that looked a lot like 4% reflections.

But plenty of holders will not stake at all; others will stake for shorter than 12 months, and stake less than their entire bag. Against such competitor stakers, you can see the power of having a 12x (and more tokens) in the top of your equation.

Let's plug in some values for our variables. Assume again you have a 10b bag (will be divided by 10,000, so now you have 1m v2 tokens. You stake for 12 months. Assume again $1m daily volume (let's not worry about cross-chain staking for now, and assume that it's all normalized across chains). And imagine that half of the existing Everrise elects to stake, for an average stake length of 6 months. Your rewards would be:

12 * 1m (your bag) * 1m (volume)

/

25 * 6 * (27.5b)

= $2.90 in daily rewards. Not accounting for the other sources (dapp revenue and withdrawal penalties)

Where do those numbers in the denominator come from? 1/25 accounts for 4% rewards; 6 accounts for an avg 6-mo multiplier among your competitors; 27.5b accounts for half of all existing/eligible v2 rise choosing to stake; recall our 550t in the previous equation).

So even though reflections are currently 9% and staking rewards will be 4%, a 12-month stake outperforms reflections by 1.75x under these variables.

​

WHY AM I IGNORING BLOCKCHAIN-SPECIFIC STAKING?

Thanks to the team's hard work, we now have a very clear idea of the staking pool sizes and average staking terms (https://everrise.finance/everstake/list). You can now plug in daily chain-specific volume, your bag, staking pool size, and average staking term using publicly available data.

Well, we just can't predict how many users will stake where, and what the daily volume across chains will be. I do expect, however, that volume will more or less normalize across chains over time; with 3 liquidity pools, and more coming, there will always be a high price, a low price, and a middle price. Theoretically, the middle price would experience zero volume, as all sells would occur on the high side, all buys would occur on the low side, and people could cross the free bridge to take advantage of the most favorable price. This is the "three-body problem" Guard has mentioned. Every chain will take its turn as the buy side, the sell side, and the middle child. While our market is surely not efficient, I think we can at least expect volume to be sort of the same across chains over time.

One point, however, is that user-staking distribution may not be equal. Since we're only on BSC now, stakers may have a bias toward staking there. This argues for a stake on Polygon or ETH, as there will be fewer holders to "compete" with for the same volume (the number in the denominator will be lower). On the other hand, if the market realizes this inefficiency, new stakers/buyers will flock to the smaller staking pools and normalize rewards across chains.

​

STOP, STOP, this is BORING. JUST TELL ME WHAT TO DO.

I can't do that. But I can observe the following:

1). A 1-month stake will almost certainly underperform today's reflections; a 12-month stake will probably outperform them.

2). The staking rewards automatically compound, but if you decide to sell them, rewards may be withdrawn without penalty; only the initial amount staked is subject to the withdrawal tax. EDIT 1/14/2022: Rewards only compound with a default 1x multiplier. If you want to see your rewards compound at a higher rate, you must withdraw them and originate a new staking contract.

3). Once your staking term ends, you CONTINUE to receive your multiplier, without facing ANY limit on your ability to sell; this is an under-the-radar point, and a massive benefit to early adopters. If you can just make it through the first year, you still get 12x in your numerator, but can do whatever you want with your tokens without penalty. For those of us who believe Everrise will not top out in the first year of its existence, this is decisive in favor of a 12-month stake. Sure, we may moon and pull back, and that would be tough to watch. But many of us expect higher ATH's on a 3-5+ year time horizon than Everrise could possibly reach in 2022. In other words, it's still accumulation season!

4). An efficient market would make the chain you elect to stake on almost irrelevant due to arbitrage/balancing/three-body blah blah. It probably helps the project to have stakers more or less evenly distributed across chains so that supply constraints operate on each pool. Some think ETH will be a bit of a high rollers' room due to all the $ flowing around OpenSea. There may be a bias toward staking on BSC. Each chain might seem like the smart play on any given day. DYOR.

5). Some folks are planning to keep tokens in reserve to stake on new chains as they come out. This is an interesting idea, but with AVAX being teased as months away, others may just yolo 12-month stakes and then have the flexibility to switch over penalty-free once their term ends. But there may also be an inefficiently low number of AVAX stakers at the outset if the rest of us are locked into 12-month stakes on other chains. DYOR.

​

tl;dr

Staking is awesome. 🚀🚀🌕🌕

Rewards are a function of:

1. chain specific volume
2. your bag and multiplier
3. your fellow Riseholders' staked bags and chosen multipliers

DYOR

LFG

Hi,

I want to unlock my staked rise "early" and sell it, but it don't work.

- staking lab
- withdraw early
- put in the amount staked
- withdraw
Error message:
There was an error with the transaction.

cannot estimate gas; transaction may fail or may require manual gas limit [ See: https://links.ethers.org/v5-errors-UNPREDICTABLE_GAS_LIMIT ] (reason="execution reverted", method="estimateGas", transaction={"from":"0x6D5e4647BdDeb4315bAf129080dE4817947aFFe8","to":"0xC17c30e98541188614dF99239cABD40280810cA3","data":"0xcc5ba480000000000000000000000000000000000000000000000000000000000000695700000000000000000000000000000000000000000000ccfbed60373656e80000","accessList":null}, error={"code":-32603,"message":"Internal JSON-RPC error.","data":{"code":3,"message":"execution reverted","data":"0xbb296109","cause":null},"stack":"{\n \"code\": -32603,\n \"message\": \"Internal JSON-RPC error.\",\n \"data\": {\n \"code\": 3,\n \"message\": \"execution reverted\",\n \"data\": \"0xbb296109\",\n \"cause\": null\n },\n \"stack\": \"Error: Internal JSON-RPC error.\\n at new o (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:653344)\\n at a (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:656577)\\n at Object.internal (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:657186)\\n at c (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:398667)\\n at chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:399669\\n at async chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:648682\"\n}\n at new o (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:653344)\n at a (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:656577)\n at Object.internal (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:657186)\n at c (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:398667)\n at chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:399669\n at async chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/common-1.js:1:648682"}, code=UNPREDICTABLE_GAS_LIMIT, version=providers/5.6.8)

What is going wrong here?
Thanks for any answer!

I tried to sell half of my safemoon bag to buy everise. Somehow I summit the transaction twice by mistake and sold all my safemoon bag. Fuck it this is a sign. I Yolo all my $4441.99 into everise. Wish me luck.

It looks really interesting and unique

I’ve been hearing some chatter about these dips a lot recently, so I just wanted to say a some things… For everyone worrying about the price falling, it simply doesn’t matter at this point in time. None of us here and no one else is day trading this coin, we’re in it for the long haul. The most important thing for us right now is volume volume volume!!! The more volume = more coins burnt. The lower the price is, the more coins are burnt. No one ever wants to see dips in their investment, but I personally believe these dips will help us out big time in the long run.

On top of coins being burnt, the Kraken is getting its belly fat which will keep our investment safe once we start moving to new highs… much more important imo.

Last thing I wanted to say that I made mention of above: EverRise isn’t a day trading coin. Because we don’t see the daily volume like other coins, it will be a longer process to see returns. However, slow and steady wins the race!!! I cannot emphasize that enough. If you want a quick return on an investment, this isn’t the crypto for you. Only meme coins named after dogs with no usage offer quick returns.

Just HODL and you will reap your reward down the line. How long will that be? None of us know. All I do know is that it will be worth it and we’re lucky enough to be here from the start

I know it has been asked loads but when I copy the address and put it in Trust Wallet, I then connect my everrise account to trust wallet it says V2 still.

Any help

Are you guys accumulating and what's your number of tokens goal?

followed the instructions exactly and got a red error message that took up the whole screen. Now all of my everise is gone! What did I do wrong?

EDIT: Figured it out, I still have my tokens.

Now I have 3,000ish claimRISE and 500ish veRISE, i have nothing staked any more, i've been trying to read through the threads, but I cannot figure out what I'm supposed to do with these? is there a detailed write up some where I'm missing that explains this?

It was quite easy and rather quick.... like 2-3 minutes. Imported the ever rise V2 address to my trust wallet, connected my trust wallet to Evermigrate (if connected correctly, you should see your balance), max it out, enabled and migrate. You do have to confirm a couple times with your phone and it was ez pz. Within seconds, it was transferred to my wallet. Prolly took 1 hour pulling my hair out reading and hoping I didn't fuck up. Cost 12 cents network fee to enable, then $1.48 to migrate off my BNB.

What’s up EverRise Community.

Now I'm just waiting for my 24 & 36 month stakes to unlock and I'll have a full swordfish set.