EVAA is the first ever decentralized global lending protocol, developed on the TON blockchain. It’s fast emerging as a powerful driver of the decentralized finance (DeFi) sector. Frequently referred to as the “Aave of TON,” EVAA has garnered loads of attention. Its unique lending model, rigorous security practices, and courageous roadmap for the future of DeFi make it a category leader. EVAA has already raised $2.5 million in financing from leading institutional investors, including Polymorphic Capital, Animoca Ventures, and TON Ventures. Armed with this support, EVAA is poised to spearhead the next wave of DeFi adoption on the TON blockchain. The platform distinguishes itself through its audited security, isolated lending pools, and upcoming features designed to simplify DeFi access for retail users.

Robust Security and Risk Management

Indeed, security has always been the core concern within the DeFi industry. EVAA has taken rigorous steps to ensure the safety and reliability of its platform. Quantstamp, the largest decentralized blockchain security firm, conducted a thoroughly detailed audit of the protocol. Now, Trail of Bits is performing a second audit, making the case for security even more ironclad. This thorough auditing process ensures that any potential vulnerabilities are identified and addressed, giving users peace of mind knowing they’re using a secure platform.

Such a sophisticated liquidation engine is one of EVAA’s main advantages, and has proved its robustness in recent market volatility. The engine has successfully executed over $2.28 million in liquidations without incurring any bad debt, showcasing its effectiveness in maintaining the platform's solvency. This very strong performance underscores EVAA’s solid risk management framework. It demonstrates the organization’s smart, nimble, and efficient approach to overcoming challenging market headwinds.

To promote the best possible risk management, EVAA encourages stand-alone lending pools. This new feature allows you to create individual lending pools for each distinct asset. First, it smartly cuts out the risk associated with each asset. EVAA even more proactively segregates risk to defend its platform. This method protects against a possible default in any single pool from affecting the whole system, creating a more balanced and stable lending ecosystem for all users.

Democratizing DeFi Access

With EVAA, we are committed to bringing DeFi to a wider audience. They target specifically onboarding retail users to whom the learning curve of DeFi is intimidating. In its next update, EVAA will transition into an open, permissionless platform that enables the development of simple DeFi products. With this change, developers will be given the tools they need to develop engaging and intuitive applications on EVAA. In turn, the platform’s ecosystem will grow further, bringing more users to the party.

A big part of EVAA’s approach is bringing in outside modules. These modules provide retail users with one-click access to complex, multi-step DeFi strategies. These modules will hide the technical complexities of DeFi from users, enabling anyone to deploy capital into industry-leading and complex strategies initiated with just a few clicks. Remote modules provide super refreshing capabilities. Such as, one-tap looping strategies enable users to increase their returns via automated lending and borrowing cycles. Furthermore, deposit tokenization enables users to turn their deposits into trading tokens.

Additional external modules will dive specifically into DAO treasury management. Highly anticipated across the deep tech and crypto space, these new tools will allow decentralized autonomous organizations (DAOs) to better manage their funds directly and use sophisticated farming strategies to maximize their yield farming activities. With easy-to-understand modules, EVAA makes it easier for everyday users to access DeFi. This new initiative hopes to bring a new generation of users onto the TON blockchain.

Expanding DeFi Horizons

EVAA’s ambitions don’t stop at making DeFi more accessible — they’re looking to broaden the horizons of what’s possible in the DeFi space. The platform is launching a multichain yield aggregator that will enable users to earn yield on their assets across multiple blockchains. This aggregator will consolidate liquidity across various chains, fostering a more connected and efficient DeFi ecosystem.

Vlad Kamyshov, CEO of EVAA, dreams of TON triggering new exciting stories in the crypto world. He thinks it will attract tens of millions of new users annually. Kamyshov thinks the unique architecture of TON is what makes it stand out. Its integration with Telegram makes it a potential gateway to DeFi for a quarter of the world’s population. EVAA leverages the ultimate advantages of TON to accelerate awareness and adoption of DeFi. We believe that this initiative will have a huge impact on the expansion of the TON ecosystem.

To better subsidize and encourage participation and liquidity provision, EVAA has strategically planned to introduce the EVAA Liquidity Mining program. Users who provide liquidity to the platform are rewarded with EVAA tokens through this program. This incentive drives greater engagement and interaction with the ecosystem. Users can now take advantage of an industry-leading average APY up to 7.15% on EVAA. This has made the platform very attractive for investors looking for strong yields.