-- The decentralized finance protocol built on the TON Blockchain and fully integrated into Telegram via Mini Apps, EVAA Protocol (“EVAA”), today announced the launch of its native token, EVAA, and the formation of a decentralized autonomous organization (DAO) to hand control of the protocol over to its community of users and stakeholders. Alongside this governance transition, EVAA reports having exceeded $1.4 billion in cumulative transaction volume and reached 300,000 wallets.
Founded in 2023 at the Hack-a-TON × DoraHacks hackathon, EVAA has grown from an early prototype by co-founder Alexander Sudeikin into a fully operational DeFi protocol.
Unlike many DeFi platforms that require external wallets or complex interfaces, EVAA’s user experience has been designed around Telegram Mini Apps, enabling users to deposit assets, borrow against collateral and earn yield — all within the messenger’s familiar interface.
The EVAA token is not merely a utility token but the core component of the governance transition. Token holders will have the right to vote on key protocol parameters (including risk settings, collateral types, fee and treasury decisions), share in revenue via token buy-backs and burns, benefit from enhanced staking and liquidity rewards, and pay reduced fees for borrowing and liquidations.
The DAO model formalises community ownership of protocol infrastructure, reflecting EVAA’s ambition to become the user-owned financial infrastructure layer inside Telegram. “We are creating a liquidity layer for Telegram where you can earn income, borrow and spend — all in one place,” said EVAA CEO Vlad Kamyshov.
About EVAA Protocol
EVAA Protocol is a DeFi platform built on the TON blockchain and integrated natively into Telegram Mini Apps. With over $1.4 billion in transaction volume and more than 300,000 wallets, EVAA is pioneering a new class of mobile-first, messenger-based finance. For more information, visit evaa.finance or join the Telegram community.
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Contact Info:
Name: Ivan Cryptons
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Organization: Incrypted News Distribution
Website: https://incrypted.com/
Release ID: 89173476
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