With decentralized finance (DeFi), the experience can often feel like a gated community. It’s chock full of regulatory legalese and requires an almost insurmountable learning curve. EVAA is working to change that reality. EVAA capitalizes on the enormous Telegram user base and the powerful TON blockchain. Its central mission is to make DeFi accessible, turning it into something as easy to use as a mobile banking app would be. This user-friendly approach unlocks the power of DeFi to new audiences. It could transform how individuals build and engage with their digital financial lives.

Understanding the EVAA Protocol

Overview of EVAA Protocol

EVAA is the first decentralized under-collateralized lending protocol on the TON blockchain. People like to call it the “Aave of TON”. This contrast to Aave emphasizes EVAA’s goal and use case. It right off the bat gives prospective users a very clear picture of what they can expect. Fundamentally, EVAA provides users with an easy way to lend and borrow crypto assets. We expect them to collect interest on their money while being plugged into a new capital market ecosystem.

Building the protocol’s foundation on the rapidly scaling TON blockchain is a smart play. TON, originally developed by Telegram, provides extremely rapid transaction speeds and low costs. This potent combination solves critical challenges that have hampered the large-scale adoption of DeFi on competing blockchains. EVAA integrates a secure and proven blockchain with an easy-to-use lending protocol. Together, this formidable duo allows EVAA to emerge as a strong contender amid the rapidly changing DeFi landscape.

Key Features and Benefits

EVAA provides an intuitive dashboard, detailed vehicle reports, real-time alerts, and advanced geofencing capabilities to keep you informed and secure. One of its most interesting features is its complete integration inside the broader Telegram social messaging app. This integration allows users to set up a TON Space wallet in seconds and manage their assets within the familiar Telegram interface. Taking away the need for browser extensions and crypto wallet seed phrases removes the barrier to entry for new DeFi users.

Furthermore, EVAA prioritizes security. The protocol audit was conducted by Quantstamp. As such, it is currently going through a second audit by Trail of Bits, one of the world’s top blockchain security firms. This new commitment to security is a significant step toward building trust and attracting more users to the platform. The protocol has attracted more than $2.5 million in funding from leading investors including Polymorphic Capital, Animoca Ventures, and TON Ventures. This funding reflects the enormous confidence placed in its potential! We’ll be introducing the EVAA Liquidity Mining program very soon. This project will incentivize users to supply liquidity, tremendously increasing our platform ecosystem.

  • Native Integration with Telegram: Users can earn yield on USDT, lend or borrow assets, and execute complex DeFi strategies directly from within the Telegram app.
  • Simplification of DeFi: EVAA provides one-click access to complex DeFi strategies through external modules, making it easier for retail users to participate in DeFi.
  • Open Permissionless Platform: EVAA will become an open permissionless platform for building simple DeFi products, allowing developers to create innovative DeFi solutions.
  • User-Friendly Interface: The infrastructure is designed to be user-friendly, allowing users to set up a TON Space wallet quickly and manage their assets in a familiar interface.
  • Decentralized Approach: EVAA's decentralized nature allows for the creation of external modules that can provide sophisticated farming, one-tap looping strategies, and other complex DeFi strategies.
  • Isolated Lending Pools: For better risk management, EVAA uses isolated lending pools. This means that the risk associated with one asset does not necessarily affect the entire platform.
  • Robust Liquidation Engine: EVAA's liquidation engine has successfully executed over $2.28 million in liquidations without any bad debt during recent market turbulence.

As the DeFi market grows and changes rapidly, there are a few important trends that will influence the future of DeFi. Julien Duval, a cryptocurrency trading expert, highlights four major trends that are shaping the next wave of DeFi: simplification, liquid staking and restaking, and others.

Current Trends in the DeFi Market

Emerging Opportunities in DeFi

The first and arguably the most important trend is simplification. You’ll be creating new financial primitives, integrated into the native Telegram user experience. These are decentralized exchanges (DEXs), lending platforms, liquid staking protocols, and perpetual trading platforms. By democratizing access to these powerful tools and making them more intuitive to use, DeFi has the potential to bring new participants into the ecosystem, beyond the tech-savvy early adopters.

TON's role in this evolution is significant. Its ultra-high transaction speeds coupled with its low fees create the perfect environment for developing these simplified DeFi applications. EVAA's decision to build on TON is a testament to the blockchain's potential to drive DeFi adoption.

The Role of TON in Future Success

Going forward, EVAA intends to evolve into an open permissionless platform. It will allow for the development of easy DeFi products that give retail users exposure to complex DeFi strategies in one click via third-party modules. This vision mirrors the overall industry trend of making DeFi more accessible and user-friendly. By 2027, the DeFi market will be fully interoperable, with protocols such as EVAA bringing liquidity between blockchains together. This interoperability increases the flexibility and usability of DeFi. Therefore, it grows to be an even more attractive substitute for traditional finance.

The DeFi market will likely continue to mature in parallel with more defined global regulatory structures in a two-year time horizon. This additional clarity will create more certainty for developers and users alike, encouraging greater innovation and adoption.

EVAA’s adoption strategy for DeFi focuses primarily on four innovations. The native integration with Telegram has been a complete game-changer. Now, users can earn yield on USDT, lend or borrow assets, and execute complex DeFi strategies directly from the app! This removes the burden from users to figure out complicated websites or cumbersome software.

EVAA Protocol's Approach to Enhancing DeFi Adoption

Innovative Solutions Offered by EVAA

Third, the protocol’s emphasis on simplification is very important. EVAA lowers the barrier to entry into DeFi for retail users. It achieves this by enabling easy one-click access to advanced DeFi strategies via external modules. By using this strategy, we are democratizing access to advanced financial tools, helping open the door for people to take control of their finances.

In its upcoming release, EVAA will be an open permissionless platform to build simple DeFi products on top of it. It’ll unleash a new wave of developers to build one-tap looping strategies, deposit tokenization solutions, DAO treasury management tools and more. This open platform approach encourages innovation and enables a rich, decentralized ecosystem of DeFi applications to emerge.

Impact on User Accessibility and Engagement

EVAA’s infrastructure is simple and easy to use. Users can create a TON Space wallet in just a few seconds, bypass the need for browser extensions, and control their assets through an intuitive, user-friendly interface. This prioritization of user experience is incredibly important for gaining and keeping users.

EVAA’s decentralized approach gives experience developers the flexibility to customize and use external modules. These modules can provide advanced agronomic techniques, one-touch looping strategies, and other deep DeFi solutions. By operating in this decentralized manner, the platform is open and accessible to all.

EVAA isn’t simply building a DeFi protocol. It’s really just creating a bridge infrastructure to make the DeFi world more approachable and less intimidating to all. EVAA empowers the capabilities of Telegram and TON blockchain. Powered by the Ethereum blockchain, this pioneering method is on track to put the benefits of decentralized finance in the hands of millions of users worldwide. With its deep focus on security, simplification, and open innovation, the project is strongly carving out a leadership role in the fast-changing world of DeFi. It also has the potential to radically change how people interact with decentralized financial systems. The new system will be more accessible, user-friendly, and empowering.

EVAA is not just building a DeFi protocol; it is building a bridge to a more accessible and user-friendly DeFi future. By leveraging the power of Telegram and the TON blockchain, EVAA is poised to bring the benefits of decentralized finance to millions of users worldwide. The project's commitment to security, simplification, and open innovation positions it as a leader in the evolving DeFi landscape. It has the potential to reshape how people interact with decentralized financial systems, making them more accessible, user-friendly, and empowering.