💵 Earn up to 3,5% APY on your USDT with EVAA
As part of our
#dApp series, today we’re covering EVAA – a lending and borrowing protocol in the TON ecosystem. Everything happens without intermediaries via
@EvaaAppBot, allowing users to earn yield on their USDT or take long and short trading positions.
I can lend USDT and earn from it?
Yes. In EVAA, you can lend USDT to other users and earn interest from it. To do this, you simply
deposit USDT into a liquidity pool, from which borrowers can take loans. In return, you receive an annual yield that depends on the demand and the platform’s interest rates 🛍
Getting started is simple: open
@EvaaAppBot, connect your TON Space, and choose USDT lending pool at the top of the screen. To deposit funds, tap the “+” icon. You can check your current APY on the main screen in the “Supplies” section or under the “Market” tab 👆
Why do people borrow crypto?
To trade with borrowed funds instead of their own. In EVAA, you can borrow one cryptocurrency by providing another as collateral. For example, a trader might borrow TON using some of their USDT as collateral. The potential loan amount depends on the amount of collateral and certain platform parameters. Borrowed funds are typically used for long or short trading strategies.
Long? Short?
A long position means buying an asset in anticipation of its price increasing. Traders usually borrow stablecoins, buy a token with them, and wait for its value to rise. When the price goes up, they sell the token, repay the original loan amount plus interest, and keep the profit ↗️
A short position is the opposite – you profit from a price drop. A trader borrows a token and immediately sells it at the current price. When the price drops later, they buy it back cheaper, repay the original loan amount plus their interest, and keep the difference as profit 📉
What else does EVAA offer?
You can earn EVAA XP for lending or borrowing USDT and other assets. In the future, EVAA plans to offer in-app rewards in exchange for XP points. EVAA also offers meme token pools, high-yield pools, and a seamless crypto exchange. Altogether, this makes EVAA a true DeFi hub for TON inside Telegram 😇
EVAA is a third-party protocol, not operated by TON Space. DeFi carries risks — do your research before using. Lending, borrowing, and trading involve
risks. This communication is not intended for persons in the United Kingdom.