EvryNet - EVRY Joint Liquidity Mining on Kyber DMM

1. Project Introduction

EvryNet is a blockchain protocol focused on developing an inclusive, open-source platform to provide financial services and products catering for the unbanked/underbanked.

2. Proposal Summary, Motivation, and Key Details

EvryNet is proposing a joint liquidity mining program with Kyber to help improve liquidity for the EVRY token on KyberDMM protocol.

During the campaign period, liquidity providers who add liquidity (deposit tokens) on the eligible EVRY-ETH and EVRY-USDT pools will receive LP tokens that can be staked on the Yield page for additional EVRY and KNC token rewards. As part of the campaign launch, there will also be joint marketing efforts with Kyber Network.

EvryNet is an ideal candidate for Rainmaker Liquidity Mining on KyberDMM. The EvryNet project was jointly developed with Kyber Network and Stellar. EvryNet is also backed by industry leading names in Southeast Asia such as CP Group (TH), Hanwha Group (KR), 7Bank (JP), Unipresident (TW), UOB, Wanshiang/Hashkey, Signum Capital and Lightnet Group.

EvryNet’s first dAPP, Evry.Finance, is a multi-chain DEX that focuses on bringing institutional investors into DeFi has been gaining momentum. Evry.Finance will include institutional specific features such as a multi-sig wallet, enterprise smart contracts, compliance reports, combination of orderbook and AMM/DMM as well as other financial products to facilitate institutional investors’ participation in DeFi. Both EvryNet and Evry.Finance are in testnet and are being audited by three reputable names in the crypto cybersecurity space before being released to the public.

EVRY will provide the minimum requirement of $200,000 worth of liquidity on KyberDMM. Together with requested KNC rewards, total incentives equal $280,000; with the understanding that should the pool perform well, more KNC and EVRY rewards can be allocated at a closer ratio of KNC:EVRY in a new DAO proposal.

3. KNC Amount Requested

$80,000

4. Project Contribution Amount

$200,000

5. Network

Ethereum

6. Token Pair Option

ETH, USDT

7. Vesting Schedule

14 Days

8. Campaign Duration

3 months

9. Project Details

8 Likes

First solid application of a CeDeFi project supporting AMM/DMM. Refreshing!

3 Likes

EvryNet was also mentioned on Cointelegraph earlier this month!

2 Likes

Full support for Evrynet

1 Like

This sounds like a pretty promising project.

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Very supportive kind of this innovative project in partnership with KyberDMM :smiley:

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“The EvryNet project was jointly developed with Kyber Network and Stellar.” wow this is cool!!! I am looking forward to the proposal be approved. :star::star::star:

3 Likes

This is a good one! Project Contribution Amount is higher than some other projects and it should be :joy: I am supporting

2 Likes

A promising project that touches on an important issue for DeFi! If the community approves it, we expect them to expand their collaboration with Kyber in the future. :star_struck:

1 Like

EvryNet seems like a promising choice for a joint LM :+1:
They have good backing and a large community, not to mention they were a joint development between Kyber Network and Stellar so there’s mutual investment in the projects’ growth. The amount of KNC requested isn’t a very large amount so I think this proposal could be a good idea to test the response? As mentioned if the pool does well the reward allocation will revised in another DAO proposal.

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Very interesting stuff. Looking forward to it

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Brilliant idea. I think Kyber should work with them.

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This Project is very innovative and is supported by solid investors and experienced advisors!

Definitely something that worth looking forward to!!!

1 Like

Looks like an interesting project with reputable investors. Would be interesting to see how they develop in the future

1 Like