EVAA Protocol

$1.4 billion in transactions. 300,000 wallets. All happening inside Telegram.
EVAA has become TON's largest DeFi protocol and is now putting governance into the hands of its community through the $EVAA token and DAO structure.
For Telegram's billion users, co-ownership and governance of their financial infrastructure is now possible.
<h2 id="header-0">From Hackathon to Billion-Dollar Protocol</h2>
EVAA's journey began during the 2023 <a href="https://dorahacks.io/" rel="noopener noreferrer nofollow">Hack-a-TON x DoraHacks</a> event, where co-founder Alexander Sudeykin presented one of TON's first lending applications. The goal was to bring DeFi to Telegram users.
That hackathon prototype has now processed over $1.4 billion in transactions and attracted 300,000 wallets, proving that Telegram-native DeFi can achieve mainstream adoption at scale.
<h2 id="header-1">The Telegram-Native Advantage</h2>
Most DeFi protocols require users to navigate complex interfaces and external wallets. EVAA built differently from day one. The protocol lives entirely within <a href="https://core.telegram.org/bots/webapps" rel="noopener noreferrer nofollow">Telegram Mini Apps</a>, letting users deposit assets, borrow against collateral, and access yield strategies without leaving their messaging app.
Users interact with DeFi through the familiar interface they already use daily. EVAA captured TON's DeFi market faster than comparable protocols on Ethereum or Solana. The project is backed by major investors including Polymorphic Capital, Animoca Ventures, TON Ventures, and WAGMI Ventures, with security audits from <a href="https://quantstamp.com/" rel="noopener noreferrer nofollow">Quantstamp</a> and <a href="https://www.trailofbits.com/" rel="noopener noreferrer nofollow">Trail of Bits</a>.
<h2 id="header-2">Community Ownership Through $EVAA</h2>
At the heart of EVAA's evolution into a DAO is the $EVAA token. This isn't just another utility token but a coordination tool that gives holders control over the protocol's future while sharing in its success.
<h3 id="strong-four-pillars-of-community-control-strong">Four Pillars of Community Control</h3>
Governance Rights: Token holders vote on critical protocol decisions including risk parameters, new collateral types, fee structures, and treasury allocation. Every major decision flows through community governance.
Revenue Sharing: Protocol fees fund a buyback and burn mechanism, benefiting token holders by reducing supply and increasing scarcity over time.
Enhanced Yields: Stakers and liquidity providers receive boosted returns, creating additional incentives for active participation in the ecosystem.
Cost Benefits: Token holders enjoy reduced fees on borrowing and liquidation, making the protocol more cost-effective for active users.
$EVAA functions as ownership shares in TON's leading DeFi infrastructure.
<h2 id="header-3">Accessible to All</h2>
$EVAA trades on major platforms including <a href="https://www.binance.com/en/alpha/bsc/0xaa036928c9c0df07d525b55ea8ee690bb5a628c1" rel="noopener noreferrer nofollow">Binance Alpha</a>, <a href="https://www.mexc.com/exchange/EVAA_USDT?shareCode=mexc-3LzxQ" rel="noopener noreferrer nofollow">MEXC</a>, <a href="https://dex.coinmarketcap.com/token/ton/EQBKMfjX_a_dsOLm-juxyVZytFP7_KKnzGv6J01kGc72gVBp" rel="noopener noreferrer nofollow">STON.fi</a>, and <a href="https://www.gate.com/trade/EVAA_USDT?ref=35748359" rel="noopener noreferrer nofollow">Gate.io</a>, making it accessible for anyone wanting to participate in TON's DeFi ecosystem.
The token bridges seamlessly between TON and BNB Chain through <a href="https://symbiosis.finance/" rel="noopener noreferrer nofollow">Symbiosis Finance</a>, with validators including <a href="https://labs.binance.com/" rel="noopener noreferrer nofollow">Binance Labs</a>, <a href="https://bixin.vc/" rel="noopener noreferrer nofollow">Bixin VC</a>, <a href="https://p2p.org/" rel="noopener noreferrer nofollow">P2P.org</a>, and Luga Nodes securing cross-chain operations. Users simply swap tokens without needing to understand complex bridging mechanics.
<h2 id="header-4">Beyond Lending: The Vision Ahead</h2>
EVAA's roadmap extends beyond traditional DeFi. Users today can access lending and yield strategies through <a href="https://t.me/EvaaAppBot" rel="noopener noreferrer nofollow">@EvaaAppBot</a> or <a href="https://app.evaa.finance/" rel="noopener noreferrer nofollow">app.evaa.finance</a>, but upcoming features include:
Card Payments: Users will spend crypto through traditional payment networks inside Telegram, connecting DeFi yields to real-world purchases.
Undercollateralized Loans: By leveraging Telegram's social infrastructure and reputation systems, EVAA plans to reduce collateral requirements, making borrowing more capital-efficient.
"We are building a liquidity layer for Telegram where earning yield, borrowing money, and spending it all happen in one place," explains CEO Vlad Kamyshov.
<h2 id="header-5">The DAO Future</h2>
The $EVAA token model underpins this vision by rewarding participation across all products while shifting governance power to the community. EVAA has processed $1.4 billion in transaction volume. With community governance now live and cross-chain accessibility established, EVAA operates as community-owned financial infrastructure for Telegram users.
<h2 id="header-6">Join the DAO</h2>
Ready to become part of TON's leading DeFi DAO?
<ul>
 <li>Start using: Access EVAA through <a href="https://t.me/EvaaAppBot" rel="noopener noreferrer nofollow">@EvaaAppBot</a> on Telegram or <a href="https://app.evaa.finance/" rel="noopener noreferrer nofollow">app.evaa.finance</a></li>
 <li>Get involved: Acquire $EVAA tokens on <a href="https://www.binance.com/" rel="noopener noreferrer nofollow">Binance</a>, <a href="https://www.mexc.com/exchange/EVAA_USDT?shareCode=mexc-3LzxQ" rel="noopener noreferrer nofollow">MEXC</a>, <a href="https://dex.coinmarketcap.com/token/ton/EQBKMfjX_a_dsOLm-juxyVZytFP7_KKnzGv6J01kGc72gVBp" rel="noopener noreferrer nofollow">STON.fi</a>, or <a href="https://www.gate.com/trade/EVAA_USDT?ref=35748359" rel="noopener noreferrer nofollow">Gate.io</a></li>
 <li>Participate: Join governance discussions and vote on protocol proposals</li>
 <li>Build: Connect with the EVAA community to shape the future of Telegram-native finance</li>
</ul>
Original article: <a href="https://blog.ton.org/evaa-how-ton-s-first-billion-dollar-de-fi-protocol-is-becoming-a-community-owned-dao" rel="noopener noreferrer nofollow">https://blog.ton.org/evaa-how-ton-s-first-billion-dollar-de-fi-protocol-is-becoming-a-community-owned-dao</a>

How TON's First Billion-Dollar DeFi Protocol is Becoming a Community-Owned DAO

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