When you stake EverRise tokens, you receive three things:

1. The first thing you receive is an EverRise NFT Stake. This NFT is an ERC-721 token that locks a corresponding amount of RISE tokens in your wallet. You will be able to see your RISE balance within your wallet of all staked and not staked tokens together.
2. The second thing you receive is veRISE tokens equal to the number of RISE tokens you staked multiplied by the number of months they are staked for. These veRISE tokens cannot be moved from your wallet and will only be visible if you add the veRISE contract address.
3. The final thing you receive are claimRISE tokens when the automatic buyback occurs. These tokens correspond to the amount of rewards earned over time and are distributed based on the # of veRISE held divided by the total number of veRISE. The contract address for claimRISE can be added to your wallet to quickly monitor the amount of rewards you have earned from staking without the need to connect your wallet to a dApp.

When rewards are claimed through the EverRise Staking Lab, the number of claimRISE tokens in a holder's wallet will decrease as the number of RISE tokens increase. It should be noted that claimRISE will earn rewards at a 1x multiplier and once rewards have been claimed, they no longer earn staking rewards.

Creating an EverRise NFT Stake

The NFT Staking Lab highlights information about how many RISE tokens are staked, on which chains, and the average staking term. This information can be useful when considering where you want to stake your RISE tokens. The proportion of rewards earned by an EverRise NFT Stake is based on the total number of veRISE outstanding on each blockchain. That number is just the amount staked multiplied by the average staking duration.

When you go to mint a new NFT Staking Contract, you will need RISE tokens on that blockchain to stake and the native currency of that blockchain (BNB, ETH, MATIC, FTM, or AVAX) to cover gas. If you hold RISE tokens on a different blockchain, you can use EverBridge to bridge the tokens.

Creating a new NFT Stake is as easy as selecting how many RISE tokens you want to stake and the duration to stake them for. The EverRise NFT Stake you receive is based on these two inputs, the animal is based on the amount of tokens staked and the material is based on the time staked for.

Staking Manager

Under the staking manager tab, you can see an overview of all of your current EverRise NFT Stakes on the connected chain and can easily interact with them to perform actions such as transfer, bridge, split, withdraw, increase amount, or extend period.

Splitting Your NFT Stakes

Splitting EverRise NFT Stakes creates two NFT Stakes with the same maturity date but a smaller amount of tokens. This can be useful if you want to bridge, trade, or transfer a lesser amount.

Only one split can happen at a time but the NFTs can be split multiple times as long as there is at least 1 RISE token in each stake.

When you open the split feature on the NFT Staking Lab, it will default to splitting the NFT in half. You can adjust the amount you want in one stake and the other stake will adjust accordingly. There will also be the option to select from set denominations.

There is a gas fee associated with the transaction because new NFTs are being minted on the blockchain.

Splitting Overview

Original NFT Stake: Burned

# of Newly Minted NFT Stake(s): 2

Lock Date: Same Lock Date

Extending NFT Stakes

Any NFT Stake that is staked for fewer than 36 months can be extended to begin receiving a greater rewards multiplier. This feature acts as a way to unstake early without penalty and immediately restake the tokens. The process burns the original NFT and mints a new one with updated information.

Extending an EverRise NFT Stake **restarts the lock period** of the staking contract.

You can extend the staking period of an EverRise NFT Stake from the Staking Manager tab of the NFT Staking Lab. The Extend NFT option will allow you to select a period of time longer than the current staking period.

After approving the transaction, the new NFT will appear in your wallet with the updated information.

Extending Overview

Original NFT Stake: Burned

# of Newly Minted NFT Stake(s): 1

Lock Date: Reset Lock Date

Increasing the Amount of NFT Stakes

EverRise NFT Stakes can have the amount of RISE increased by any amount at any time. This process will burn the original NFT stake and mint a new one with the updated stake amount, artwork, and issue ID. Increasing the amount will restart the staking period.

This feature can be used to repair Broken NFT Stakes. After withdrawing from the principal amount, NFT Stakes become Broken and can no longer be transferred or traded. Repairing the Broken NFT Stake restores this functionality. To be repaired, the Broken NFT Stake must be increased to at least the original staked token amount.

From the Staking Manager tab of the NFT Staking Lab, you can select the NFT you wish to increase. The new NFT Stake will have the same reward multiplier after being increased. After selecting the amount of tokens you want to add to the staked amount, you will need to approve the transaction to mint the new NFT.

Increasing Amount Overview

Original NFT Stake: Burned

# of Newly Minted NFT Stake(s): 1

Lock Date: Reset Lock Date

Bridging NFT Stakes

EverRise NFT Stakes can be bridged between BNB Chain, Ethereum, Polygon, Fantom, and Avalanche to collect rewards on any of the EverRise supported blockchains. Bridging an NFT Stake incurs a fee of 3% of the staked amount collected in unstaked RISE tokens. If you do not hold the required amount of unstaked RISE tokens, you will not be able to bridge the NFT Stake.

EverRise NFT Stakes can be bridged from the NFT Staking Lab on the Staking Manager tab. After selecting the Bridge option, you will need to choose the blockchain you want to bridge your NFT to. The pop up will display the 3% bridge tax as well as the gas fee to bridge the NFT and associated RISE tokens. This gas fee is to cover gas on the destination chain you are sending the NFT to.

Bridging NFT Stakes

Original NFT Stake: Burned

# of Newly Minted NFT Stake(s): 1

Lock Date: Reset Lock Date

Transferring NFT Stakes

EverRise NFT Stakes can be transferred from wallet to wallet on the same chain with 0 tax. When an NFT Stake is transferred, the staked RISE and veRISE go with it. Rewards earned from staking, and the associated claimRISE tokens, will stay with the original wallet; they do not transfer with the NFT Stake. Once the transfer is complete, the new wallet will begin accumulating rewards. Broken NFT Stakes cannot be transferred.

From the Staking Manager tab on the NFT Staking Lab, choose the Transfer option and enter the wallet address you wish to transfer the NFT Stake to. After confirming the transaction, the NFT, locked RISE tokens, and veRISE will be sent to the new address.

Transferring NFT Stakes

Original NFT Stake: Transferred

# of Newly Minted NFT Stake(s): 0

Lock Date: Same Lock Date

Withdrawing from NFT Stakes

Holders have two options when they need to withdraw from their EverRise NFT Stake: withdrawing from the rewards or withdrawing from the principal amount.

Holders can withdraw from their earned rewards at any time. When they do this, the balance of RISE tokens will increase in their wallet as the balance of claimRISE decreases. Holders can withdraw all of their rewards with a single button from the NFT Staking Lab.

Holders can withdraw up to 60% of the initial staked amount. Withdrawing from the principal is subject to an early withdrawal fee. The fee is 25% of the withdrawal amount during the first half of the staking period and 10% of the withdrawal amount during the second half of the staking period.

Withdrawing from the principal amount results in the burning of the NFT Stake.

Withdrawing Overview

Original NFT Stake: Burned

# of Newly Minted NFT Stake(s): 1

Lock Date: Same Lock Date

Join us on this exciting new chapter of EverRise and its evolution into something new, emerging from its token chrysalis into something so much greater. LFG!