EVAA Protocol

EVAA Price

About EVAA Protocol (EVAA)

EVAA Protocol is a decentralized lending and borrowing platform native to the TON blockchain and integrated directly into Telegram.

• Users can earn passive income by depositing assets into liquidity pools to be used by borrowers.
• The protocol supports overcollateralized loans, allowing users to borrow against their digital assets.
• It features a Telegram Mini App and a web interface, providing a seamless Decentralized Finance (DeFi) experience within the messaging platform.

What Is EVAA Protocol

EVAA Protocol is a liquidity protocol designed to operate as a "DeFi superlayer" on Telegram. It enables users to supply assets to earn interest or borrow against their holdings in a permissionless manner. The protocol facilitates value movement by pooling depositor funds, which are then made available to borrowers who pay interest. This interest is distributed to depositors as yield, minus protocol fees. As the The Open Network (TON) ecosystem expands, the protocol aims to scale its liquidity pools to support a wider range of assets and financial services directly within the Telegram interface.

What Makes EVAA Protocol Unique

• Telegram Native: It is the first decentralized lending protocol on TON to be fully integrated as a Telegram Mini App, leveraging the platform's massive user base.
• EVAA Card: A unique integration that bridges decentralized yield with real-world payments, allowing users to spend against their deposited collateral.
• TON Space Integration: The protocol works directly with Telegram’s non-custodial wallet, TON Space, allowing users to manage assets without leaving the app.
• Audited Security: The protocol has undergone multiple security audits by industry leaders such as Quantstamp and Trail of Bits to ensure the safety of user funds.

What Can You Use EVAA Protocol for?

• Yield Generation: Users can supply assets like TON, USDT, or other supported tokens to earn passive income from borrowing demand.
• On-chain Borrowing: Participants can secure loans by providing overcollateralized deposits, enabling liquidity without the need to sell their underlying crypto assets.
• Real-world Payments: Through the EVAA Card, users can access liquidity for daily spending while their remaining balance continues to accrue yield.
• Liquidity Provision: Supplying assets to the protocol's pools helps maintain the ecosystem's liquidity while rewarding providers with interest.

How Does EVAA Protocol Work?

EVAA Protocol operates through a series of smart contracts that manage decentralized liquidity pools. When a user supplies an asset, it is added to a pool from which others can borrow. The protocol utilizes an overcollateralization model, meaning borrowers must deposit assets with a higher value than the amount they intend to borrow to protect the system from insolvency. Interest rates are determined algorithmically based on the supply and demand for each specific asset. Users incur minimal transaction fees for network usage on the TON blockchain, along with a 0.30% Borrow Origination Fee paid to the protocol.

Team Info and Investors

The protocol has secured over $2.5 million in funding from prominent venture capital firms, including Animoca Ventures, WAGMI Ventures, TON Ventures, and CMT Digital. Other notable backers include Polymorphic Capital, ex-Baring Vostok, Mythos, and the FrensDAO Syndicate. While the project has strong institutional backing, specific details regarding individual team members are not specified in the available source materials.

Where can you buy EVAA Protocol?

EVAA tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade EVAA Protocol is Gate, where the most active trading pair EVAA/USDT has a trading volume of $226,556.12 in the last 24 hours. Other popular options include Bitget and KCEX.

What is the daily trading volume of EVAA Protocol (EVAA)?

The trading volume of EVAA Protocol (EVAA) is $665,239.46 in the last 24 hours, representing a 22.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for EVAA Protocol (EVAA)?

EVAA Protocol (EVAA) reached an all-time high of $13.62 and an all-time low of $0.2818. It’s now trading -95.60% below that peak and 114.10% above its lowest price.

What is the market cap of EVAA Protocol (EVAA)?

Market capitalization of EVAA Protocol (EVAA) is $3,991,386 and is ranked #1842 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EVAA tokens (6.6 Million tokens are tradable on the market today).

What is the fully diluted valuation of EVAA Protocol (EVAA)?

The fully diluted valuation (FDV) of EVAA Protocol (EVAA) is $30,155,656. This is a statistical representation of the maximum market cap, assuming the maximum number of 50 Million EVAA tokens are in circulation today. Depending on how the emission schedule of EVAA tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of EVAA Protocol compare against its peers?

With a price decline of -14.40% in the last 7 days, EVAA Protocol (EVAA) is underperforming the global cryptocurrency market which is down -4.60%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are down -5.50%.