# EVAA Protocol > DeFi superlayer on Telegram EVAA is a decentralized lending protocol on TON that lets users deposit assets to earn yield or borrow against collateral via Telegram or web app. EVAA is a decentralized liquidity protocol on the TON blockchain for users seeking yield or overcollateralized loans. Depositors supply assets to earn interest generated by borrowing demand, while borrowers pledge holdings as collateral to access loans. The protocol operates through isolated lending pools with parameters set for each supported asset, and price oracles feed valuations used for risk management and liquidation. EVAA is built as an original codebase for TON rather than a fork of an existing lending market, and it runs as both a Telegram Mini App and a standalone web app, bringing lending, borrowing, and swaps into a messaging environment already used by a large audience. It supports TON native tokens, jettons, and wrapped assets bridged from other chains, and its smart contracts are open source. A dedicated software development kit lets outside developers build additional decentralized finance tools on top of the protocol. The platform's offerings extend beyond core lending and borrowing to include token swaps, liquidity pools, and a card product connecting onchain yield to real-world spending. It is used by depositors seeking passive yield, borrowers accessing liquidity against their holdings, and developers extending the protocol through its SDK. Governance and protocol revenue allocation are directed through a decentralized treasury structure tied to its native token. - Type: Protocol - Sector: Finance - Status: Active - Founded: 2023-01-01 - Profile: https://thegrid.id/profiles/evaa_protocol ## Products - [EVAA](https://thegrid.id/profiles/evaa_protocol): EVAA is a decentralized lending protocol on the TON blockchain that lets users supply digital assets to earn yield or borrow against posted collateral through smart contracts. The system uses a master contract for global asset configuration alongside individual user contracts, with isolated lending pools separating risk across asset groups and price data delivered through decentralized oracle feeds. Borrowers must maintain overcollateralized positions, with an efficiency mode allowing higher borrowing power against correlated assets such as stablecoins or staked TON derivatives. Users access the protocol through a web application or a Telegram Mini App, and can swap tokens, bridge assets across chains, or spend deposited balances through an integrated card. (Decentralised Borrowing & Lending, Live, Main Product) - [EVAA SDK](https://thegrid.id/profiles/evaa_protocol): The EVAA SDK is a developer library for programmatic integration with the EVAA lending protocol on the TON blockchain. It exposes methods for querying pool state, user positions, and interest rate data, and for executing deposit, borrow, repay, and withdrawal operations, while also handling the collection and serialization of oracle price packages required by the smart contracts. It is distributed independently on its own repository and documentation site, separate from the main EVAA application, and is used by developers building liquidation bots or third-party integrations. (Developer Tooling, Live) ## Assets - [EVAA (EVAA)](https://thegrid.id/profiles/evaa_protocol): EVAA is the governance and utility token of EVAA Protocol, a decentralized lending platform on the TON blockchain, with a supply capped at 50 million tokens. Holders vote on protocol proposals, burn tokens for fee discounts, and stake or lock EVAA in security modules to earn boosted yield. Protocol revenue funds a DAO treasury that can execute token buybacks and burns to support long-term value. (Governance) ## Links - [Main](https://evaa.finance) - [Documentation](https://evaa.gitbook.io/evaa-docs-2.0) - [Privacy policy](https://app.evaa.finance/evaa_privacy_and_cookie_policy.pdf) - [Terms of Service](https://app.evaa.finance/evaa_protocol_terms_of_use.pdf) - [Twitter / X](https://x.com/evaaprotocol) - [Telegram](https://t.me/evaafi) - [Medium](https://medium.com/@evaaprotocol) - [GitHub](https://github.com/evaafi) - [YouTube](https://www.youtube.com/@evaaprotocol) - [LinkedIn](https://www.linkedin.com/company/evaa-protocol) - [Substack](https://evaaprotocol.substack.com) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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