EverRise Integrates Chainlink Price Feeds Across Multiple Blockchains

EverRise, a multi-chain security protocol, is integrating Chainlink, the industry-leading decentralized oracle, into multiple aspects of the EverRise ecosystem—starting with the integration of Chainlink Price Feeds for Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom mainnets. With this integration, EverRise has access to high-quality, tamper-proof price feeds that supports the following functionalities:

• Calculating cross-chain gas fees
• Providing users real-time prices for conversions throughout the dApp ecosystem
• Updating a full stats page to quickly monitor the RISE token across all blockchains

Their initial integration involves the use of the following Chainlink Price Feeds: ETH, BNB, MATIC, AVAX, and FTM. They chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink secures leading DeFi protocols responsible for tens of billions of dollars in smart contract value while maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

EverRise’s bridging technology, EverBridge, currently connects 5 blockchains: Ethereum, Binance Smart Chain, Polygon, Fantom, and Avalanche. EverBridge is one of the fastest cross-chain bridges with its unique locking and unlocking mechanism and ability to share a single supply across multiple mainnets. With Chainlink, EverRise is now able to offer dynamic pricing for gas fees for EverBridge based on the gas required at the time of transaction by the network.

As EverRise’s token RISE shares a single circulating supply across 5 blockchains, it can be tricky for holders to keep track of the token price. Each chain trades independently and holders have the ability to easily move their tokens from one blockchain to another to take arbitrage opportunities via EverBridge. Users are now able to monitor trading across all EverRise supported blockchains through the EverRise stats page with the Chainlink Price Feed integration.

Chainlink Price Feeds provide EverRise a multitude of critical features such as:

• High-Quality Data
• Secure Node Operators
• Decentralized Network
• Transparency

Chainlink is now directly integrated into the EverRise smart contract, which has a built in statistics contract and provides market cap, holder counts, liquidity pools, strategic buyback reserves, and pricing information from the blockchain. Using a blockchain archive node, these stats can be sampled at any point in time to get historic data only relying on the blockchain with no need for any 3rd party aggregator or tracker.

“To offer a block-speed fast bridge, we need block-speed fast data. Chainlink Price Feeds gives us the timely and accurate data we need to provide DeFi solutions to users across the multichain ecosystem.” – Suresh Maddineni, CEO and Founder of EverRise

In addition, with this Chainlink integration, EverRise is able to expand the functionality of the UX/UI on the EverRise dApps to provide further benefits. For example, RISE holders who are staking their RISE tokens through EverStake are now able to see the fiat values of their tokens within the dApp itself. Since staked tokens are held in a smart contract on the blockchain instead of a DeFi wallet, it is pivotal that we are able to provide users data to see the value of their holdings and earned rewards accurately rather than from 3rd party aggregators.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

About EverRise

EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Ethereum, Binance Smart Chain, Polygon, Avalanche and Fantom networks and currently offer 5 security dApps: EverBridge, EverOwn, EverMigrate, EverStake and EverSwap, with more on the way.

SOURCE: https://www.everrise.com/post/everrise-integrates-chainlink-price-feeds/