Evrynet is a smart-routing blockchain that was created in collaboration with Kyber Network and Stellar. Its main objective is to establish a foundation for the CeDeFi network, specifically targeted towards the financial services industry in Southeast Asia and beyond. Evrynet offers a platform for developers to build decentralized applications (DApps) by combining various features such as smart contracts, a financial service portal, a contract network, and an accounting and settlement component. To ensure seamless integration, Evrynet will provide developers with software development kits (SDKs), application programming interfaces (APIs), and templates.
There are several key features that distinguish Evrynet from other cryptocurrencies. Firstly, it is designed to be scalable and interoperable across multiple chains. Secondly, it offers near-instant transaction finality, ensuring quick and efficient processing. Thirdly, it implements fixed gas fee schemes, allowing the initiator of a contract to pay for the transaction fees on behalf of the users. Lastly, it offers a flexible staking model.
The first DApp to be built on Evrynet is called Evry.Finance, which aims to connect institutional investors with the decentralized finance (DeFi) world. This application will provide stability, flexibility, and deep liquidity through features specifically tailored to institutional investors, such as multi-signature wallets, enterprise smart contracts, and a hybrid decentralized exchange (DEX) with orderbook and automated market maker/decentralized market maker (AMM/DMM) pools. It will also have a dedicated section for Know Your Transaction (KYT) and zero-knowledge support. Additionally, Evry.Finance will offer various yield products with different maturity options.
One important use case of Evry.Finance is the tokenization of real-world assets and yields, bridging traditional finance with the DeFi ecosystem. Collaborating with prominent asset managers, Evrynet aims to validate its ability to enable institutional and private users to access new financial products in both the physical and digital realms.
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