Frequently Asked Questions

What is Evry.Finance?

Evry.Finance is a decentralized exchange (DEX) that allows digital assets to be traded automatically and permissionless by using liquidity pools instead of a traditional market of buyers and sellers (order book). Initially, it will launch on Binance Smart Chain (BSC), but will also be able to run on several other networks including Ethereum and our own Evrynet Chain in the future.

Evry.Finance focuses on bridging institutional investors into the DeFi world. It will provide flexibility, stability and deep liquidity. It plans to achieve this by providing institutional-targeted features such as multi-sig wallets, enterprise smart contracts, and a Hybrid DEX with order book and AMM/DMM pool as well as a dedicated section for KYT and zero-knowledge support. Furthermore, Evry.Finance will provide a variety of yield products with variable maturity and a variety of yields.

One important use case for Evry.Finance involves bridging real world asset/yield to DeFi. We are working with several leading asset managers and have a strong pipeline of projects to be introduced in 2022. This would validate the thesis that Evrynet and Evry.Finance is able to bridge the real world and digital finance services to both institutional and private users, allowing them access to new products.

What is the difference between Evry.Finance compared to other exchange platforms?

For trading mechanism, Evry.Finance uses a combination of Automated Market Maker (AMM) and Dynamic Market Maker (DMM), an all new protocol developed by Kyber Network. We decided to incorporate DMM as when compared to the traditional AMM model used in most other DEXs, the DMM made an improvement that allows flexible fee adjustment and dynamic pricing curve setups. This dynamic fee approach helps reduce the impact of impermanent loss and optimize capital efficiency. See more details on the Hybrid AMM and DMM page

Is Evry.Finance safe?

We are fully audited by Slowmist, Peckshield and Inspex. The details of the reports can be found on the Security Audits page.

Besides code reviews having been conducted both internally and externally, there are also built-in safeguards in place. For example, all the contracts we deploy are owned by a Timelock contract. Thus, any changes made by our developers will have a 6-hour lag before becoming effective. That means users will have ample time to withdraw their funds and exit safely in the case of any questionable update to the code.

What is EVRY token and why should I hold it?

The EVRY token is a native token for Evrynet and enables a variety of critical functions across the network. Some of the functions includes gas fee for dApps and DeFi projects on Evrynet, base token for liquidity pool (yield farming), base token for swap on decentralized exchange, base collateral and asset for lending, collateral stake for validator nodes, delegated voting on network governance and block reward for validator nodes. You can find more details at Evrynet.io and CoinMarketCap

Can I access Evry.Finance on my mobile device?

We don't have a mobile version yet, but will look to release that in the near future.

How do I farm?

Farming requires providing liquidity to one of the pools which you can find on the "Yield Farming" page.

You can farm your liquidity pool (LP) tokens on the Yield Farming page listed below, approving the contract, and choosing the amount you want to farm.

See the Yield Farming page for more details.

What do I need to have in order to exchange on Evry.Finance

You need a MetaMask wallet and enough BNB for transaction fees and gas fees. Try to keep it above 0.0025 BNB at all times.

How much is the gas fee on BSC (GWEI Cost)?

You can see the average gas price that users pay for BSC transactions. BSC has extremely low fees. In BSC, 1 gwei is 10-9 or 0.000000001 BNB or you can use Unit Converter to easily convert GWEI and BNB! https://bscscan.com/unitconverter

Why did my swap fail or get stuck? Other issues related to approval failure, withdrawal failure, etc

You can check the status of a transaction on https://bscscan.com/. You might be trying to swap a fee on transfer or deflationary tokens. If so, you have to increase your allowed slippage to account for the fee taken during the swap. Click on the gear for settings and adjust slippage tolerance accordingly.

Otherwise, if your transaction is taking forever or stuck pending, the gas included might be too low and the transaction will not be processed. You probably need to speed up or cancel the transaction in your wallet.

Fix stuck transactions in MetaMask: https://metamask.zendesk.com/hc/en-us/articles/360015489251-How-to-Speed-Up-or-Cancel-a-Pending-Transaction

It is possible that the node is delayed, causing the error in the acquisition price, or the price fluctuation is significant, causing an error between the current quantity and the quantity when the swap application is submitted. There may also be an optimal path, but the user has already submitted it.

If your transaction is under confirmation (Pending), please increase your Gas fee (now the average Gas fee has reached Gwei 9-10). You can refer to the fee charged latest transaction as a reference for the Gas fee to be paid. Website: https://bscscan.com/txsPending?&m=&p=6​

If you cannot send the transaction (you can't see any transaction confirmed), please change your RPC settings and initiate the transaction again. Currently online stable RPC nodes can be viewed through https://bscproject.org/#/rpcserver ​ Node replacement can be selected in the following link: https://bscproject.org/#/rpcserver

How do I add EVRY token to my MetaMask Wallet?

User can click ‘Add to wallet’ on Exchange > Select Token, token icon will automatically display on your MetaMask wallet.

My swap failed and a code that said "EXPIRED" came up

If a swap takes more than 20 minutes to execute, the router is programmed to fail the transaction. This is to protect the user from extreme swings in prices that can occur while the transaction is pending. If this happens, your tokens will still be in your wallet, but the gas fees paid are not recoverable. To keep this from happening, use a high enough gas price to have your transaction mined in under 20 minutes. This usually falls under “Standard” or “Fast” in most gas price calculators.

Will you open more pools in the future?

New Pools are added to PancakeSwap frequently. There will always be an announcement before the launch of new pools. Join the announcements Telegram group to learn about new Pools as early as possible.

Telegram: https://t.me/evrynet

Twitter: https://twitter.com/EvryNetwork

Medium: http://www.medium.com/@evrynet

How do I add LP token address to my MetaMask wallet?

User can click ‘Add to wallet’ on Liquidity Pools, LP token icon will automatically display on your MetaMask wallet.

How can I get my liquidity provider fees?

Liquidity Providers earn 0.20% from trading fees (0.25%), the amount of fee depends on your %share of the pool that you can get when removing liquidity.

I accidentally transferred tokens directly to a pair contract, is there any way I can get them back?

Evry.Finance token pair contracts are ownerless. We have no special control over the pair contracts’ functionality; because of this, any tokens accidentally transferred to the token contract itself are lost forever.

All the tokens that were mistakenly transferred to the contract address cannot be recovered by the Evry.Finance team. The contract does not allow any asset withdrawal.

How can I report a bug or contact support

You can report a bug through our Evry.Finance support channel on Telegram