EverETH
EverETH aims to become a leading innovator and creator of decentralized applications (dApps) and protocols on the Ethereum blockchain.
Products and Services​
EverETH plans to launch several signature protocols and dApps that will generate revenue and value for EETH holders and the Ethereum community:
- The very first product “EverETH Reflect” is already live on Binance Smart Chain since 2021.
Under development:​
- Liquid Staking Protocol: A liquid staking solution that allows ETH holders to earn staking rewards without locking up their ETH. Users pay a fee to the protocol, which gets distributed to EETH holders.
- Marketplace: A marketplace for buying/selling physical or digital assets. The marketplace charges a premium fee on transactions, which is distributed to the dividend contract.
- DeFi Yield Aggregator: An aggregator that allows users to invest in multiple DeFi protocols from one platform. Aggregator fees are sent to the EETH dividend contract.
- More products and services to be announced.
EETH Token​
- ERC-20 token on the Ethereum blockchain
- Used for governance voting, transfers, and access to dividends
- Total supply: 1 billion
- Distribution: https://docs.evereth.net/EETH/Token
Dividend Mechanism​
- An EETH Dividend contract tracks EETH holdings and ETH dividends
- When a user buys EETH, they are minted an equal number of tracking tokens
- Tracking tokens represent a user's share of dividends
- Revenue from EverETH products is accumulated in the Dividend Tracker
- EETH holders can claim ETH dividends proportional to their share of tracking tokens
- Dividend claims are subject to vesting periods to prevent dividend sniping.
Governance​
EETH holders can participate in governing the EverETH project and suggest/vote on new proposals. Governance powers include:
- Voting on adding new products or services
- Allocating project funds or revenue
- Changing platform parameters and fees
- Upgrading smart contracts
- Other administrative powers
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