Evaa arrives on the TON mainnet. It provides the greatest user experience in the DeFi industry. Together, TON and Evaa set a serious standard for the future of Web3.
Evaa’s Epic Role in TON’s DeFi Ecosystem
Welcome to the Beginner’s Guide to Evaa! This guide helps you learn the main things about Evaa in the TON system. If you want to lend, borrow, or understand, this guide will help you start!
What is TON?
The Open Network (TON) was started by Telegram in 2018. The TON Foundation now runs it. The network is fast, hitting 55,000 transactions per second in 2021. It’s made for easy payments and uses proof-of-stake. The goal is a user-friendly system that’s eco-friendly.
What is a Lending Protocol?
A lending protocol lets you lend or borrow on the blockchain using smart contracts. These contracts automatically handle the loan details securely.
What is Evaa?
Evaa is a lending protocol designed for Telegram users within the TON blockchain. It allows you to seamlessly lend and borrow assets, offering a way to earn interest on your holdings or access assets by using them as collateral.
Lock your tokens, borrow other tokens, pay it back with a bit on top, and get your tokens back.
Supply: You place your assets into Evaa. By doing this, you are lending your assets to the platform. In return, your assets earn interest.
Borrow: Through Evaa, you can obtain assets when needed. This can be beneficial for trading or investing without liquidating your existing assets.
Repay: This is the process of returning the assets you obtained from Evaa. Repaying ensures the stability of the platform and maintains your good standing.
Liquidate: If a borrower fails to repay or the value of borrowed assets decreases significantly, Evaa Protocol may need to sell the collateral to recover the funds. This process safeguards the interests of the lenders.
Savers and investors place their additional digital funds into Evaa. Their money grows over time without active involvement. They can keep their funds in Evaa and observe their growth.
With significant digital assets, Crypto Whales can lend through Evaa and earn interest. They have a substantial presence in the Evaa ecosystem, benefiting from the platform’s offerings.
DeFi Enthusiasts actively engage with Evaa to enhance their digital holdings. They use Evaa to lend assets and refine their DeFi methods, ensuring growth in their digital portfolios.
Borrowers and entrepreneurs needing funds approach Evaa and offer their digital assets as collateral. They obtain the necessary funds and reclaim their digital assets upon repayment.
Tech Enthusiasts are early adopters of the services Evaa offers. They delve into the possibilities of utilizing and earning digital funds with Evaa, setting a path for others.
Traders use Evaa to enhance their trading capabilities. Their strategy involves buying assets when prices are favorable and selling them when prices increase, benefiting from the price difference.
Risk-averse investors employ Evaa’s tools to safeguard their investments. Even during market fluctuations, they remain positive, thanks to the protective features Evaa provides.
Crypto-Collateralized Loans: Evaa offers the option to secure a loan without relinquishing your valued TON tokens, preserving your holdings while providing financial flexibility.
Enhanced Trading Opportunities: By depositing your TON, you can borrow additional assets to elevate your trading strategies and optimize potential returns.
Steady Yield Generation: Participate in Evaa’s liquidity provisions and reap the benefits of a stable income stream as borrowers interact with the platform, balancing risk and reward harmoniously.
Advanced Trading Exploration: With Evaa, explore sophisticated trading strategies, capitalize on arbitrage opportunities, and maximize profit margins through intelligent and informed decision-making.
Risk Mitigation: Evaa offers advanced strategies to hedge against the inherent volatilities and uncertainties of the cryptocurrency market, allowing for secure navigation through the fluctuating tides of the crypto landscape.
Additional information and resources about Evaa
Feel free to refer to the GitBook for a deeper dive into Evaa Protocol mechanisms. For a detailed risk analysis, please visit the risk framework.
