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EVAA Protocol brings DeFi lending to Telegram’s 900 M users on TON, with a 50 M token supply, over‑collateralized loans and dynamic rates.
EVAA Protocol’s native lending market went live on the TON blockchain, letting Telegram users deposit assets, earn yields and borrow against over‑collateralized positions—all via a Telegram Mini‑App [1]. The move matters because it plugs a major usability gap in DeFi, offering fast, low‑fee transactions to a user base that far exceeds most crypto platforms.
| At a glance | |
|---|---|
| Telegram user base | > 900 M monthly active users |
| Total EVAA token supply | 50 M tokens |
| Collateral‑to‑loan ratio | ~ 70 % (e.g., $1,000 collateral → $700 loan) |
| Core catalyst | Integration of EVAA’s lending pool into Telegram’s Mini‑App |
EVAA creates a single liquidity pool that aggregates all user deposits. Borrowers draw from this pool rather than matching with individual lenders, which boosts capital efficiency and keeps borrowing rates fluid [2]. When utilization rises, the protocol automatically hikes borrowing fees; higher fees then attract more deposits, creating a self‑balancing market without manual rate adjustments [2]. Over‑collateralization—typically requiring borrowers to lock assets worth about 30 % more than the loan—provides a safety buffer against price volatility and underpins the automated liquidation mechanism that protects the pool’s health [2][3].
The EVAA token is capped at 50 M, with a linear unlock schedule designed to temper inflation and fund a buy‑back‑and‑burn program sourced from protocol revenue [1]. Token holders can vote on key parameters such as fee rebates, staking rewards and risk settings, giving the community direct control over the protocol’s evolution [1]. The token also serves as a utility layer, granting fee discounts to stakers and enabling participation in the DAO that steers EVAA’s roadmap.
EVAA’s launch ties together TON’s high‑throughput, low‑fee architecture with Telegram’s massive user base, potentially reshaping how everyday crypto users access lending services. The protocol’s ability to scale securely while maintaining decentralized governance will determine whether it becomes a cornerstone of the TON ecosystem.
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EVAA enables borrowing, lending, shorting, leveraged staking, longing, and hedging on the TON blockchain, with user access through Telegram and a web app.
The mainnet launched in early 2024, and the protocol reports a total value locked of $50 million.
Investors include Polymorphic Capital, TON Ventures, and Animoca Ventures, among others.
$EVAA is a deflationary utility token with a maximum supply of 50 million, with allocations for airdrops, DAO treasury, founders, and seed investors.
Users can access EVAA via the Telegram Mini App @EvaaAppBot, its web application, and integrated wallets such as TON Keeper, OKX, and Binance.