Today we are glad to announce Everett, an open protocol for creating fungible staking positions. Everett aims to solve potential economic problems that could arise from proof of stake while providing various utilities to users. By this, we hope to kickstart the formation of a global interchain network of interconnected DeFi applications.
Everett will start out as a Cosmos zone, ensuring the decentralized control of the network which is especially crucial for derivative assets. However, Everett will not be limited to Cosmos but instead plans to be implemented to other proof of stake networks to bring financial applications on different blockchains together.
Everett aims to develop the foundations for the great leap forward of DeFi and we are in dire need for talented people in order to achieve this. If you believe you have the expertise and are interested in improving the future of proof of stake, we kindly request you to contact us at firstname.lastname@example.org.