EVAA: TON DeFi Protocol Becoming a Community DAO

EVAA: TON DeFi Protocol Becoming a Community DAO

In an exciting time for the blockchain ecosystem, EVAA has cemented itself as TON’s largest decentralized finance (DeFi) protocol, introducing a community DAO model that gives its users a real voice in their financial future. With an impressive transaction volume exceeding $1.4 billion and the participation of more than 300,000 wallets, EVAA is reframing how Telegram users interact with digital finance.

From the Hackathon to a Billion-Dollar Protocol

EVAA’s journey began at the Hack-a-TON x DoraHacks event in 2023. Co-founder Alexander Sudeykin introduced one of TON’s first lending apps, designed specifically for Telegram users. The prototype has since evolved, proving that Telegram’s native DeFi can reach mass adoption.

The Native Telegram Advantage

Unlike many DeFi protocols that require the use of complicated interfaces and external wallets, EVAA operates entirely within Telegram’s Mini Apps, allowing users to deposit assets, borrow, and access yield strategies without leaving their regular messaging app. This accessibility has allowed EVAA to quickly capture the global DeFi market, outperforming other protocols on platforms such as Ethereum and Solana.

Community Property Through $EVAA

The central axis of EVAA’s evolution into a DAO model is its $EVAA token. Not only does this token act as a utility tool, but it also grants its holders a crucial role in the governance of the protocol, ensuring that users not only participate but also share in the success of the project.

Community Control Pillars

• Governance Rights: Token holders vote on critical decisions about the protocol, including setting fees and allocating resources.
• Profit Sharing: The revenue generated by the protocol goes into a buyback and burn mechanism, benefiting holders by reducing supply and increasing scarcity over time.
• Improved Performances: Liquidity providers and stakers receive increased returns, incentivizing active participation in the ecosystem.
• Cost Benefits: Token holders enjoy reduced fees on loans and settlements, making using the protocol more cost-effective.

Accessibility for All

The $EVAA token is available on leading exchanges such as Binance, MEXC, STON.fi , and Gate.io, making it easy to participate in TON’s DeFi ecosystem. Additionally, the token easily connects between TON and BNB Chain through Symbiosis Finance, allowing users to swap tokens hassle-free.

Beyond Borrowing: The Future Vision

EVAA’s roadmap goes beyond traditional DeFi. Currently, users can access loans and yield strategies through @EvaaAppBot or app.evaa.finance. However, future features are planned including:

• Card Payments: Ability to spend cryptocurrencies through traditional payment networks within Telegram.
• Subsecured Loans: Collateral requirements are expected to be reduced thanks to Telegram’s social infrastructure and reputation systems.

The Future of the DAO

The $EVAA token model supports this vision by rewarding participation in all products while shifting the power of governance to the community. Currently, EVAA already has 1.4 billion dollars in transaction volume, consolidating itself as the reference community financial infrastructure for Telegram users.

Join the DAO

Ready to be a part of the leading DeFi DAO on TON?

• Start using: Access EVAA via @EvaaAppBot on Telegram or app.evaa.finance.
• Get involved: Purchase $EVAA tokens on Binance, MEXC, STON.fi , or Gate.io.
• Participates: Join the governance discussions and vote on protocol proposals.
• Builds: Connect with the EVAA community to shape the future of Telegram’s native finance.

Source: https://blog.ton.org/evaa-how-ton-s-first-billion-dollar-de-fi-protocol-is-becoming-a-community-owned-dao