EvryNet

EvryNet operates as an intelligent financial services platform, established in 2018 by co-founders Chatchaval Jiaravanon and Tridbodi Arunanondchai. The project originated in 2018 as a passion project of Lightnet, a Layer-2 protocol focused on global remittance. The company's development was a joint effort with Stellar and Kyber Networks, aiming to create a platform for boundary-free smart contract solutions. A significant milestone was the completion of a $7 million private funding round in September 2021.

The founders bring extensive experience to the venture. Chatchaval Jiaravanon is a member of the CP Group family, has owned Fortune Magazine, and holds a portfolio of technology-centric businesses in Asia. Tridbodi Arunanondchai is a serial entrepreneur with a background in digital consumer, AI, and media, including several digital payments businesses. Their collective experience in building companies and startups in both crypto and non-crypto sectors was instrumental in forming EvryNet.

EvryNet's core business is providing infrastructure for developers and businesses to build Centralized/Decentralized Finance (CeDeFi) applications. The platform targets the unbanked and underbanked populations, particularly in Southeast Asia, by offering open-source micro-banking solutions. It utilizes a Layer 1.5 protocol that combines a financial service portal, a contract network, and an accounting and settlement component. Revenue is generated through the utility of its native token, $EVRY, which is used for gas fees, as a base token for liquidity pools and swaps, and for collateral staking for validator nodes.

The platform enables the creation of decentralized applications (DApps) and offers automated escrow services through an interoperable smart contract system, ensuring accountability and auditability for financial agreements. One of its key features is its interoperability with major blockchains like Ethereum (ERC-20) and BNB Smart Chain (BEP-20). EvryNet utilizes the Tendermint consensus protocol for a Proof-of-Stake mechanism, which enhances speed and maintains security. The platform also features a static gas fee model to make network usage costs predictable. The first DApp built on the platform is Evry.Finance, which focuses on bridging institutional investors to the DeFi world by offering features like multi-signature wallets and a hybrid decentralized exchange (DEX).

Keywords: CeDeFi, financial services platform, smart contracts, blockchain infrastructure, micro-banking, decentralized applications, DApp development, interoperability, Proof-of-Stake, Tendermint, digital assets, financial inclusion, Southeast Asia finance, Chatchaval Jiaravanon, Tridbodi Arunanondchai, Evry.Finance, institutional DeFi, asset tokenization, cross-chain, liquidity pools, financial technology