From Hackathon to Billion-Dollar Protocol
EVAA's journey began during the 2023 Hack-a-TON x DoraHacks 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.
The Telegram-Native Advantage
Most DeFi protocols require users to navigate complex interfaces and external wallets. EVAA built differently from day one. The protocol lives entirely within Telegram Mini Apps, 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 Quantstamp and Trail of Bits.
Community Ownership Through $EVAA
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.
Four Pillars of Community Control
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.
Accessible to All
$EVAA trades on major platforms including Binance Alpha, MEXC, STON.fi, and Gate.io, making it accessible for anyone wanting to participate in TON's DeFi ecosystem.
The token bridges seamlessly between TON and BNB Chain through Symbiosis Finance, with validators including Binance Labs, Bixin VC, P2P.org, and Luga Nodes securing cross-chain operations. Users simply swap tokens without needing to understand complex bridging mechanics.
Beyond Lending: The Vision Ahead
EVAA's roadmap extends beyond traditional DeFi. Users today can access lending and yield strategies through @EvaaAppBot or app.evaa.finance, 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.
The DAO Future
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.
Join the DAO
Ready to become part of TON's leading DeFi DAO?
- •Start using: Access EVAA through @EvaaAppBot on Telegram or app.evaa.finance
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- •Participate: Join governance discussions and vote on protocol proposals
- •Build: Connect with the EVAA community to shape the future of Telegram-native finance