EVAA Protocol (EVAA)

EVAA is a leading lending protocol on the TON blockchain with over $27M TVL, according to its app.

It aims to contribute to the growth of the TON and Telegram-based dApps with its Web and Telegram lending app. The platform gives users exposure to over 8 major TON assets and LP tokens, letting them either supply liquidity to earn yield or borrow supported tokens. 

Among these assets, the most notable is the support of $USDe stablecoin and its staked version, $tsUSDe. This enables users to enjoy the same DeFi experience as on EVM chains, where Ethena’s $USDe is originally from on the TON blockchain. 

On top of that, the company actively collaborates with other TON-based projects to offer users boosted yield farming rates while helping those projects cycle liquidity on-chain. For example, one of the latest boosted lending opportunities was for the $stUSDe token, which offered users an APR of over 10% for supplying the asset.

🪙 EVAA Protocol token: On March 27, 2025, EVAA Finance officially confirmed the upcoming $EEVA TGE, yet the date remains undisclosed.

According to the official token page, $EVAA is a native crypto of the EVAA Protocol, the utilities of which will be reducing the fee cost on the platform, boosting lending APR, card payments, simplified load accessing, and AI-powered banking. The project also claims that $EEVA will be a deflationary token, as the protocol will allocate part of the revenue to buyback and burn the token. 
 

Considering this info, the CoinLaunch team conducted a comprehensive review of the EVAA TON lending protocol and found some of its most notable pros and cons:
 

✅ EVAA Protocol pros:

• The leading lending protocol on the TON blockchain (over $27M);
• Balanced token distribution model;
• Low Initial Circulating Supply (13.38%);
• Security Audits from top-tier companies (Quatstamp and Trail of Bits);
• High Growth Marketing and PR performance;
• Above-average SMM score;
• Decent network of backers;
• Presence of top-tier partners (OKX, Ethena);
• Core team members have extensive work experience in top-tier organizations such as TON Foundation and Wargaming;
• Detailed product roadmap.

❌ EVAA Protocol cons: 

• High token inflation rate (around 3% of the total supply unlocked each month during the first year);
• Below-average SEO and Marketing Infrastructure;
• Very weak Influencer Marketing.