EverValue Announces Burn Vault Boost Upgrade to Its On-Chain Backing Mechanism

TheNewsCryptoPubblicato 2026-02-05Pubblicato ultima volta 2026-02-05

Introduzione

EverValue (EVA) has announced the launch of the Burn Vault Boost upgrade on February 6, enhancing its existing on-chain backing and burn mechanism. This new feature introduces an additional vault that operates alongside the original Burn Vault Core. Instead of distributing Bitcoin (BTC) backing uniformly across the entire token supply, the Boost applies it to a predefined subset of tokens. This change is designed to increase the sensitivity of the reference burn value to BTC deposits over time. The Burn Vault Core continues to back the full circulating supply of EVA, while the Boost complements it by altering how backing is distributed. The upgrade is implemented via on-chain smart contracts, with all backing levels and reference values publicly verifiable. User participation is passive and requires no action beyond holding tokens. The mechanism has undergone a security audit by CertiK. EverValue is an on-chain protocol that integrates Bitcoin mining with a fixed-supply token model and transparent backing mechanics.

EverValue (EVA) has announced the launch of Burn Vault Boost on February 6. This update to its existing on-chain backing and burn framework is designed to modify how BTC backing is applied across a portion of the token supply.

The Burn Vault Boost introduces an additional on-chain vault that operates alongside EverValue’s existing Burn Vault Core. Rather than distributing BTC backing uniformly across the entire token supply, the new mechanism applies backing to a defined subset of tokens, with the aim of increasing the sensitivity of the reference burn value to BTC deposits over time.

Background: Burn Vault framework

At the core of the EverValue protocol is a system of smart contracts referred to as the Burn Vault. These contracts hold wrapped Bitcoin (wBTC) and calculate a BTC-denominated reference burn value per token based on available backing and the number of tokens eligible for redemption. This value is visible on-chain and functions as a protocol-defined reference metric rather than a traded market price.

The original Burn Vault Core continues to back the full circulating supply of EVA. According to EverValue, the Core currently holds BTC reserves generated through the project’s operational activities, including Bitcoin mining, while the token supply itself remains fixed.

Introducing the Burn Vault Boost

The Burn Vault Boost operates as a separate vault that applies BTC backing to a smaller, predefined portion of the total token supply. By changing how backing is distributed within the protocol, the Boost alters the rate at which the reference burn value for that subset adjusts when BTC is added to the vault.

EverValue states that the Boost is designed to complement the existing Burn Vault Core rather than replace it. Burns executed through the Boost reduce the overall token supply, which continues to be reflected across the broader system.

Operational characteristics

  • The Burn Vault Boost is implemented entirely on-chain through smart contracts
  • Backing levels, eligible token counts, and reference burn values are publicly verifiable
  • Participation does not require user action beyond holding tokens
  • The mechanism does not alter exchange pricing or guarantee market outcomes

The Burn Vault Boost has undergone a security audit conducted by CertiK, according to EverValue.

About EverValue

EverValue is an on-chain protocol that integrates Bitcoin mining operations with a fixed-supply token model and on-chain backing and burn mechanics. The protocol maintains a BTC-denominated reference burn framework designed to provide transparency into backing dynamics, with the Burn Vault Boost representing an additional configuration layer within this system.

More information is available at: https://boost.evervaluecoin.com

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TagsEverValue (EVA)Press Release

Domande pertinenti

QWhat is the main purpose of the Burn Vault Boost upgrade announced by EverValue?

AThe Burn Vault Boost is designed to modify how BTC backing is applied by distributing it to a defined subset of tokens instead of uniformly across the entire supply, aiming to increase the sensitivity of the reference burn value to BTC deposits over time.

QHow does the new Burn Vault Boost mechanism differ from the existing Burn Vault Core?

AThe Burn Vault Core backs the full circulating supply of EVA tokens, while the Burn Vault Boost operates as a separate vault that applies BTC backing to a smaller, predefined portion of the total token supply, altering the rate at which the reference burn value adjusts.

QWhat are some key operational characteristics of the Burn Vault Boost?

AIt is implemented entirely on-chain through smart contracts; its backing levels, eligible token counts, and reference burn values are publicly verifiable; participation requires no user action beyond holding tokens; and it does not alter exchange pricing or guarantee market outcomes.

QWhat security measure has been taken for the Burn Vault Boost upgrade?

AThe Burn Vault Boost has undergone a security audit conducted by CertiK.

QWhat is the fundamental principle of the EverValue protocol's on-chain system?

AEverValue integrates Bitcoin mining operations with a fixed-supply token model and on-chain backing and burn mechanics, maintaining a BTC-denominated reference burn framework designed to provide transparency into backing dynamics.

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