TON Foundation and EVAA Protocol Launch New DeFi Incentive Program

The TON Foundation has partnered with EVAA Protocol to introduce an exciting new incentive program aimed at expanding the decentralized finance (DeFi) landscape on the TON Blockchain. This collaboration combines the strengths of TON’s blockchain technology and EVAA’s advanced lending platform to offer fresh opportunities for users to engage with DeFi and earn rewards

To kick off the program, a total of 100,000 TON has been allocated as rewards for active participants. This initiative is designed to not only enhance user engagement but also to drive the growth of DeFi within the Telegram community.

"As the first DeFi protocol on TON (apart from DEXs) to receive liquidity incentives, we are proud to lead the charge in showcasing how such support can accelerate DeFi adoption within the Telegram community."

— Vlad, CEO of EVAA

How to Start Earning TON Rewards

The incentive program is structured in two distinct phases to provide a comprehensive and sustainable rewards system:

Phase 1: Borrow Rewards

• Users can borrow USDT from EVAA’s main pool and earn rewards based on their activity levels. EVAA offers subsidized USDT loans against collateral in TON, tsTON, and stTON. This phase encourages active borrowing, allowing users to start earning rewards immediately.

Phase 2: Supply Rewards

• As the borrowing phase progresses, the focus will shift to rewarding users who provide liquidity to EVAA’s pools. By supplying assets, users will earn rewards based on their liquidity contributions. This phased approach ensures a balanced distribution of rewards and fosters ecosystem growth.

What is EVAA Protocol?

EVAA Protocol is a decentralized lending platform built on the TON Blockchain, offering a range of innovative features such as:

• Lending and borrowing with flexible terms

• Leveraged and hedged liquidity provision

• Integration with top TON platforms such as Tonstakers, Storm Trade, DeDust, StonFi, and Bemo.

In addition to its robust features, EVAA has gained significant traction in the TON ecosystem, earning accolades such as a successful QuantStamp audit, multiple wins in The Open League, and a commitment to educating future developers through initiatives like The TON DeFi Academy.

“This New Year initiative will lay the groundwork for a comprehensive and impactful 2025 incentive program. Stay tuned!”

— @Vlad Degen, TON DeFi Lead

Why Join the Incentive Program?

Here are some key reasons to participate in the program:

• Share in 100,000 TON in rewards

• Earn rewards while exploring EVAA’s lending and borrowing features

• Experiment with new DeFi strategies with confidence

• Be part of a growing DeFi ecosystem built on transparency and collaboration

How to Get Involved?

Getting started with the EVAA Protocol is easy. Here’s a step-by-step guide for both lending and borrowing on the platform:

Lending on EVAA:

• 1. Connect your crypto wallet to EVAA by clicking Connect Wallet.

• 2. Click the + button to choose the asset you want to supply, such as TON.

• 3. Select the amount of TON to supply and confirm the transaction. Your supplied assets will start earning interest based on the Supply APY.

Borrowing on EVAA:

• 1. Connect your wallet to the EVAA Protocol.

• 2. Click Borrow. Ensure you’ve supplied collateral first (as detailed in the lending guide).

• 3. Choose USDT from the available assets.

• 4. Select the amount of USDT you want to borrow and confirm the transaction. The borrowed USDT will be transferred to your wallet.

Join the DeFi Movement on TON

This collaboration between TON Foundation and EVAA Protocol is a major step forward for the DeFi ecosystem on TON. Whether you're interested in borrowing USDT with subsidized loans or supplying liquidity to earn rewards, this initiative offers opportunities for both new and seasoned users.

The program officially launches this week, and we encourage you to get involved, experiment with DeFi strategies, and grow alongside the vibrant TON and EVAA communities.

For more information and updates, be sure to follow EVAA Protocol on their official channels:

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