The EVAA protocol, integrated into Telegram, represents a new step in the development of decentralized finance (DeFi), providing easy access to lending and borrowing.
What is EVAA Protocol?
EVAA is the first decentralized lending protocol on the TON blockchain, allowing users to earn and borrow crypto assets. It significantly simplifies interactions with DeFi, eliminating the need for complicated interfaces and external wallets. The platform is directly integrated into Telegram as a Mini App, enabling users to effortlessly manage their assets and access various financial services.
According to EVAA's CEO, Vlad Kamyshov, the core goal is to make DeFi intuitive, similar to a mobile banking app.
DeFi Market Trends and the Prospects of TON Blockchain
Vlad identifies four key trends in the DeFi market: simplification of user interfaces, liquid staking, interoperability, and regulatory evolution. Simplified solutions, especially for mobile platforms, are expected to attract new users. Liquid staking will enhance capital efficiency by allowing users to employ their funds in multiple ways without lockups. Interoperability among different blockchains is crucial for further growth of the DeFi ecosystem.
According to Vlad, the TON blockchain has significant prospects due to its integration with Telegram and a large number of active users.
How EVAA Changes the Approach to DeFi and Telegram Usage
EVAA treats Telegram not just as an interface but as a distribution layer for financial services. The integration with Telegram allows users to conveniently earn on their assets, take loans, and execute complex DeFi strategies within the familiar messaging app environment. This significantly increases the accessibility of financial services for a broader audience.
With the launch of tgBTC, users will soon be able to leverage Bitcoin within the TON ecosystem, which could alter the terms of engagement for all DeFi participants. EVAA, as the first lending protocol on this platform, is already demonstrating significant growth and reliability.
The EVAA protocol on TON blockchain opens new horizons for decentralized finance by merging it with the everyday use of Telegram. This can significantly increase interest in DeFi among users and attract new participants to the ecosystem.
