EVAA Protocol is the first credit mini-app in Telegram built on the TON blockchain. It simplifies access to decentralized financial services for messenger users by offering borrowing and lending in various cryptocurrencies on an over-collateralized basis. The main currency of the system is the EVAA token, used for transactions and governance.
How EVAA Protocol Works
EVAA Protocol allows users to lend assets, borrow funds, and participate in governance.
Users can deposit their crypto assets into liquidity pools to earn interest rewards.
They can take out loans against their crypto assets.
Holders of the EVAA governance token can vote on key matters regarding protocol development.
Lending and Borrowing
The mini-app enables users to deposit assets as collateral and take out loans.
Borrowing is based on an over-collateralization model where borrowers provide more collateral than the loan amount, reducing risk for lenders.
Various loan terms and amounts are available. Interest rates are automatically adjusted based on supply and demand for assets, ensuring stable conditions.
If the value of the collateral falls below an acceptable level, an automatic liquidation process is triggered to protect lenders.
Earning on Liquidity
Users can participate in yield farming by providing liquidity on the platform and earning additional tokens.
Isolated lending pools minimize risks associated with market fluctuations.
EVAA Token
The EVAA token is the primary medium of exchange on the platform.
It is used for transactions, voting, and reward distribution.
Token holders can participate in protocol governance by voting on changes and improvements.
By providing their assets on the platform, users earn interest in the form of EVAA tokens.
Thanks to the TON blockchain, the protocol offers high transaction speed and scalability.
Features
- Support for the TON blockchain with high speed and low fees
- Automatic liquidation to protect lenders
- Accessible via a Telegram mini-app
- Over-collateralization to reduce risk
- Opportunities for yield farming and liquidity earnings
- Asset management through the messenger
