Everscale’s boosted program extension — earn up to 26% APR in EVER
The Everscale community announces the extension of a boosted program that offers increased annual percentage yield. Depending on the lock period staking rewards can bring up to 26% APR in EVER coin.
The original boosted staking program was launched in late 2021 and attracted 23 million EVERs within four months after its start. The program showed a strong interest from long-term investors in Everscale and its technologies. The ongoing requests from the community supported by DAO voting led to the program’s extension. An additional 3.5 million EVER was allocated for future participants.
Everscale is an L1 Proof-of-Stake blockchain that pays extra attention to decentralization by supporting independent validators. Boosted staking program has attracted 30+ independent validators, and each validator runs their own DePool smart contract to receive funds staked by the users. Users’ stakes are sent to a DePool smart contract that is formally verified, and it guarantees the highest security level of users’ coins. Furthermore, the control over staked funds stays in the user’s hands all the time and is never transferred to third parties.
The extended boosting staking program is a limited-time initiative that offers additional rewards to the participants. The amount of the rewards correlates with the coins’ lock period: from an additional 4.0% with a 12-month lock period to an extra 14.5% APR with 48 months lock period. Everscale’s native staking rewards give users 11.5% APR, thus, overall APR can reach 26%. Staked coins and the rewards are unlocked at the end of the time frame selected by the user.
To participate in the program, one needs native EVER coins available on exchanges or directly in the Surf blockchain browser. After activating EVER wallet address and transferring the coins to it, users should run Boosted Staking Debot to participate in the program. Debot is a decentralized blockchain chat-like interface that allows users to interact with smart contracts in a convenient and easy-to-use way.
Everscale is one of the most technologically advanced blockchain networks, incorporating all of the blockchain innovations and concepts of recent years. Its versatility gives it the potential to become a decentralized hub for lots of blockchains and resource-demanding applications such as GameFi, DeFi, supply chains, etc. Furthermore, due to its dynamic multithreading and sharding technology, there’s always more room to add new nodes and shards to handle any load — and that’s something that no other blockchain can offer yet.
Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, and a range of decentralized browsers and wallets.