Summit DeFi
Launch AppDiscord
  • Summit DeFi Introduction
  • Yield Multiplying By Example
  • Brief Overview
    • Oasis Overview
    • Totems and Elevations
    • Expeditions
    • SUMMIT Token
    • Everest Token
  • Social Accounts
  • Summit Team
  • Roadmap
  • SUMMIT TOKEN & ECOSYSTEM
    • Tokenomics
    • Everest
    • Passthrough Strategy
  • Farming
    • Totems
      • How to: Select/Change Your Totem
      • Totems FAQ
    • Oasis Farms
    • Elevation Farms (Yield Multiplier)
      • How to: Elevation Farm
    • Yield Locking & Glacier Harvesting
    • Locking Summit For Everest
    • Elevating Funds
    • Random Number Generation
      • Potential for Abuse
  • Expedition
    • Everest - The Expedition
      • Joining the Expedition
    • Cosmic Deities
    • How are Expeditions Funded?
    • Expedition FAQ & Troubleshooting
  • FAQ
    • Risks
    • Emergency Withdrawal
    • Fantom - Token Contracts
    • Polygon - Token Contracts
  • Smart Contracts
    • Fantom
    • Polygon
  • Developers
    • Github
    • Bug Bounty
    • Audit Completed
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  1. Brief Overview

Everest Token

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Last updated 3 years ago

EVEREST allows you to take part in daily Expeditions and to contribute to decisions on the SUMMIT ecosystem. This will eventually be the DAO currency of the Summit DeFi ecosystem.

THE EVEREST TOKEN ITSELF

EVEREST can not be traded or bought. It can only be created by locking Summit for a period from 1 month to 1 year. The longer you lock the more Everest you get. However, to recover your Summit you must trade your Everest back in!

Your EVEREST token entitles you to Expedition rewards, farm SUMMIT, join exclusive pools and participate in decision making for the project through our DAO.