What is it, how to mine it, and what you will get out of it.
In This Guide
- Understand EVAA XP and its ecosystem integration.
- Learn how to earn XP from platform activities.
- Discover tips to maximize XP gains.
- Increase earnings through referrals.
- Keep abreast of updates to XP rates.
- Follow a guide to start earning XP quickly.
Introduction to EVAA XP
EVAA XP (Experience Points) is a core feature of EVAA, designed to reward you for participating in asset supply and borrowing on the platform. This system lets you accumulate points that play a key role in how much of the future token distribution you can claim.
By actively supplying and borrowing, you’re not just enhancing the platform’s liquidity and functionality — you’re also setting yourself up for substantial rewards in $EVAA tokens after the Token Generation Event (TGE).
This guide is here to help new users understand and engage confidently and effectively with the EVAA platform.
How XP is Accumulated
1. Asset Supply and Borrowing
Users earn XP by engaging in two primary activities on the EVAA platform:
- Supplying Assets: Depositing certain assets into the platform.
- Borrowing Assets: Taking loans in different forms of assets.
- Swapping Assets: Swapping tokens within EVAA, you can earn extra rewards from the EVAA XP Reward Pool, which represents 5% of the total supply, amounting to 500 million EVAA XP. CES tokens are awarded together with EVAA XP for every swap you make. These swap rewards are distributed once a day.
2. Weekly Updates and Random Snapshots
EVAA XP for Supplying and Borrowing are updated weekly. Importantly, snapshots of user balances are taken at random days and times during the week.
If you keep your funds in the platform without withdrawals, and multipliers remain unchanged, you will receive the same amount of XP as the previous week.
3. EVAA XP Calculation
The calculations adjust based on the real-time market values of the tokens at the exact moment of each snapshot.
This formula helps you calculate the total XP you earn from both supplying and borrowing tokens on the platform for the week:
Example:
Suppose you have:
- Supplied 1000 tokens of Asset A, with a market price of $2 per token at the time of the snapshot and a supply multiplier of 20.
- Borrowed 500 tokens of Asset B, with a market price of $3 per token at the time of the snapshot and a borrow multiplier of 30.
Using the formula:
- EVAA XP from supplying Asset A: 1000×2×20=40,000 EVAA XP
- EVAA XP from borrowing Asset B: 500×3×30=45,000 EVAA XP
Total EVAA XP earned: 40,000+45,000=85,000 EVAA XP
Optimizing Your EVAA XP Gain
To maximize gains:
- Monitor and rebalance your supplies and loans weekly based on multiplier changes on the EVAA page: https://app.evaa.finance/
- Utilize the referral program to earn additional EVAA XP based on the activity of everyone you invite.
- Consider collecting EVAA NFT cards on Getgems, this may offer you a multiplier on EVAA XP.
EVAA XP Referral Program
For every friend who signs up using your referral link, you’ll receive an additional 5% of the EVAA XP they earn each week from the tokens they supply or borrow. This bonus allows you not just to grow your own rewards but also to benefit directly from the active participation of your referrals.
Start sharing your referral link today and watch your EVAA XP multiply as your network expands: https://app.evaa.finance/rewards
EVAA XP Multipliers
You can combine Mainnet and Boost cards together to receive an increased multiplier.
Mainnet Cards:
- Provide a 1.1x multiplier on EVAA XP earned.
- https://getgems.io/collection/EQCCqt3Qd47iQeV2Y38X0dqD6FqhysTXtH1bB11qCJyyGG8G
Boost Cards:
- Also offer a 1.1x multiplier on EVAA XP.
- https://getgems.io/collection/EQBsLGvHVVL_Fl0UloqT3Dzu2HPkyknVVUIIXVzZ4BVZThPW
EVAA XP Halving
To maximize your earnings before the TGE, be aware of the upcoming EVAA XP halving dates:
- 1st Season: Until 24 June — Rewards already halved.
- 2nd Season: From 24 June to 1 August — Rewards will be halved again.
- 3rd Season: Starting 1 August — Leads up to the TGE.
Move quickly to earn more before each halving phase kicks in. This is your chance to accumulate as much EVAA XP as possible before the rewards decrease.
Timeline and Milestones
1. Start Date
The XP accumulation started on March 29 and will continue up to the Token Generation Event (TGE).
2. Conversion to $EVAA Tokens
After the TGE, users may have opportunities to benefit from their accumulated XP, potentially receiving $EVAA tokens based on the overall distribution strategy and total XP collected across the platform. The specifics of how XP translates into rewards will depend on various factors, including the total amount of XP.
How to Get Started
Step 1: Connect Your Wallet
First, connect your wallet to the EVAA platform either through the EVAA App or the EVAA Bot.
Step 2: Supply and Borrow
Start supplying and borrowing assets such as TON, stTON, tsTON, USDt. This activity will begin your XP mining.
Step 3: Monitor and Convert Your XP
Keep track of your XP through the EVAA app and be ready for its conversion post-TGE.
Troubleshooting and Support
If you encounter issues with your XP not updating correctly or at all, please wait for the weekly update cycle as corrections are often applied retrospectively.
For persistent problems, contact support through official community hub: https://t.me/EvaaProtocolHub
