Lending/Borrowing protocol
This protocol is yet another fragment in the DeFi mosaic of Everscale and will make it possible to create more complex financial dApps and unlock a multitude of new use case scenarios for traders and investors. Decentralized loans, Maker-like CDPs, derivatives — all this can be built using the lending/borrowing protocol.
Solution
EverLend is a great practical use case for the lending protocol. Developed by the SVOI.dev team, it allows users to borrow and lend their tokens via decentralized pools. Currently, it supports two tokens - WEVER and USDT, with more to be added.
TIP-3 stablecoins expansion
The TIP-3.1 stablecoin
Solution
The TIP-3 token standard was updated to TIP-3.1.
Integration with Cardano ecosystem
We have already built the Adaever bridge with a DEX for swapping ADA tokens for EVER tokens. We plan to enhance this infrastructure to serve as a hub for transferring liquidity from Cardano to other EVM-compatible networks, and of course, some of that liquidity will be locked on Everscale.
Solution
Adaever.io is a bridge between the Cardano and Everscale blockchains, offering a Tier-2 liquidity transfer solution with minimal transaction fees and high transaction completion rates and scalability developed by the Broxus team.
Lowering network fees by up to 100x
A small consensus change will decrease fees, making Everscale one of the cheapest networks in terms of transaction costs.
Solution
After the recent technological updates, the complete refactoring of software for nodes, fees have decreased drastically. Now a typical transaction costs around of $0.003.
Detailed technical documentation
Everything that we do serves as a foundation for other developers that are building their projects on top of Everscale. It is thus our duty to prepare documentation on all aspects of the network: SDK, API, smart contracts, etc.
Solution
All available documentation can be found at docs.everscale.network. It is in the process of constant update.
NFT SDK tools
NFTs are an important part of today's blockchain industry. Successful NFT platforms attract new users and become even more popular than finance dApps. Building a proper SDK for NFTs is a necessary step toward GameFi and metaverses.
Solution
The NFT SDK is a compilation of tools for creating, managing, and performing various operations with NFTs, such as ownership transfer, burning, breeding etc., via the wizard or command line. It is a must-have for every developer working with NFTs on Everscale. It’s easy to choose a template in the SDK and then use it while adding other methods. The result is quick NFT creation for a game or other needs. The SDK is currently at the testing stage.
REMP messaging protocol (subsecond optimistic finality)
The Reliable External Messaging Protocol (REMP) is a solution for organizing message queues. In other blockchains, the order of messages and their inclusion in the block depends on the gas and is rather chaotic, which results in frontrunning issues. REMP guarantees that messages are delivered from any network participants in a particular order within a sub-second timeframe.
Solution
REMP is ready to be deployed when all validators upgrade their software to the latest version. It guarantees a sub-second response from Everscale and provides replay protection and anti-spam protection. In addition, it will help improve the user experience, because it will be possible to show the results of operations on the frontend to users within 0.2 seconds, given that the message queue can't change after a request has been sent to the blockchain.
Git Open Source Hodler (GOSH)
GOSH is a decentralized Git built on Everscale technologies. It gives developers the opportunity to store their code in a trustless decentralized way on the blockchain without relying on a single actor. Every repository is a DAO, which creates new scenarios for dev teams on handling their projects.
Solution
GOSH has already launched; you can check the first version at https://app.gosh.sh/gosh
It's already partnered and integrated with Docker, making it possible to work with a GOSH repository the same way as with any other Git, and it supports Github clients. Everscale validators will be able to stake EVER tokens on the GOSH network and receive rewards once atomic swaps between the networks are ready.
Constructor for DAOs
DAOs are a very important part of decentralized communities, and the whole Everscale community also acts as a DAO.
Therefore, it's important for us to allow everyone to share their views and influence the direction of their favorite projects.
Solution
Ever Dao is a governance tool which allows users to create proposals in order to choose the direction of further development of the Everscale network and vote for or against it.
SSI pilot
A decentralized identity that can be integrated into dApps.
Integration with Cardano-focused rollups
Rollups are a solution for scaling layer-1 networks in a fast and cost-effective way. As a part of our collaboration with Cardano, we plan to implement integrations with its rollups, which will greatly increase interoperability between the two networks.
Solution
Milkomeda was integrated into Octus Bridge and can already be used via Metamask. You can try it on app.octusbridge.io/bridge
Alliance with Tezos ecosystem
One of the goals of Everscale is to become a hub for other networks. Our alliance with Tezos aligns with this goal.
Solution
During the recent Tezos hackaton, we chose several teams and gave them support to create a DeBot that can interact with Tezos accounts. A bridge with Tezos via Octus Bridge is also in development.
True NFT improved standard
A new standard accepted by the whole community is crucial for the development of NFTs on Everscale. It will support various storage options, including on-chain storage, and a distributed programming paradigm.
Solution
TIP-4 is a standard where each NFT is a small smart contract with its owner, and each NFT collection has one smart contract that stores all information about the collection. In addition, there are smart contract indexes for each NFT, which allow fast on-chain searches. TIP-4 is already supported in Ever.Surf and GrandBazar and will soon be added to the other wallets.
Fastest order book based DEX — FLEX
There are only one or two DEXs that can be compared to FLEX in terms of speed and fees. Order book-based DEXs were previously considered impractical due to performance limitations of the existing smart contracts on other networks, but Everscale's technology is capable of handling a scalable and high-performance order book exchange. FLEX will combine all best practices of decentralized trading with cheap fees and the interface of a CEX.
Solution
FLEX has been already deployed on the mainnet, soon it will be available for everyone after some UI tweaks.
First Cardano cross-chain projects powered by Everscale
After all the integrations, we're expecting to see new projects using the best features from both networks. We don't plan to limit ourselves only to Cardano partnerships, but these will definitely show the speed and reliability of Everscale.
DeNS (Decentralized Name Service)
The filename service of Ever OS, which allows for human-readable addresses on Everscale.
DriveChain (on-chain storage)
Blockchain storage that extends the capabilities of Everscale with native mechanisms to store files and use them in smart contracts.
Direct bridge with BTC
The most important cryptocurrency for financial institutions and a must-have for all DeFi hubs.
Open derivatives protocol (futures, options)
Another product for traders. Derivatives markets are bigger than spot markets in traditional finance. For our users' comfort, we'll implement them as well.
Transfer to new SMFT consensus >50K TPS
One of the most important goals of Everscale. The new Soft Majority Fault Tolerance consensus will increase security and allow Everscale to linearly increase performance with more validators.
Solution
The new consensus type is almost ready and is going to be released after thorough testing in Q2.
Industrial tools for smart contract formal verification
These tools will help developers significantly reduce the time needed for security audits and formal verification.
Solution
A new product, an IDE, will be released in Q4. It is almost ready to be shown to the community. First-of-its-kind and almost revolutionary, it will make the job of smart contracts developers easier. By verifying the written code on the fly, and showing all warnings and errors in the GUI, it will help to save hundreds of hours usually spent on formal verification, which is the most time-consuming part during dApp development.
Private network
Private workchains are workchains with their own sets of validators and rules, predetermined before the launch, which makes them attractive for commercial use. This is a fundamental release for the network, as it will give us the opportunity to compete on an equal footing with the likes of Hyperledger, Corda, or VeChain. Corporations aren't our main focus at present, but in order to become a worldwide decentralized operations system, we have to provide tools for all kinds of users, including commercial entities.
Solution
More details will be announced soon.
EVM compatible workchain
Another essential for ensuring our success in the long-run. The majority of dApps are written in Solidity for the EVM environment, and the majority of blockchain devs use Solidity for writing smart contracts. Rust is gaining popularity, but having EVM functionality is a big advantage in the blockchain race because we can partner with and onboard many popular dApps working on EVM-compatible blockchains and attract new liquidity.
Solution
The current solution being developed will introduce a workchain with a different type of architecture. Instead of the asynchronous paradigm used on regular workchains, the EVM workchain will replicate the consensus scheme of Ethereum, removing multithreading. Some of the advantages of Everscale will thus be traded for the benefits of easy porting from other EVM blockchains. However, it will be possible to launch multiple EVM workchains to compensate for the lack of multithreading. The EVM workchains are expected to be released at the end of Q4.
NFT bridge to EVM blockchains
A very complex task, due to differences between various NFT standards, as well as different metadata and storage options. However, when the NFT bridge is launched, it will open the path to building a cross-chain NFT marketplace hosted on Everscale.
Solution
The NFT bridge is in development.
GameFi pilots
The first pilot will be a modification of one of the most popular games in the world — Minecraft. This pilot will showcase the features of GameFi on Everscale, such as land tokenization, in-game real estate and item tokenization, NFT imports, etc.
Solution
EverCraft is already in the testing phase. More information will be released soon.
Metaverse SDK MVP
This product is designed for those who intend to build metaverses on Everscale. It will include a set of tools for implementing the same features that will be demonstrated in our GameFi pilots.
Solution
More information will be released soon.
Dynamic gas fees
The fees will depend on the network load.
Slashing
A protocol increasing the security of the network by giving all validators the power to slash masterchain validators if they submit an invalid proof to the masterchain.
DAO expansion to different protocols
As part of our strategy to expand to other networks, we'll provide a protocol for building Everscale-based DAOs on top of external protocols.
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