EVAA Protocol EVAA

EVAA is a lending protocol on TON. According to STON.fi, users can earn returns on their assets and take out over-collateralised loans. The project's October 2025 press release adds leveraged staking and yield strategies to lending and borrowing. People use it through the Telegram Mini App @EvaaAppBot and through a web platform. The project's roadmap places the public mainnet launch in 2024 and the token generation event in 2025. The same release says EVAA had processed over $1.4B in transactions since launch, peaked at $118M in deposits and onboarded more than 300,000 wallets. DefiLlama recorded total value locked of $43.91M on December 31, 2024 and $12.93M on December 31, 2025.

EVAA began as a lending protocol for TON users in Telegram, well before its token. Its listing in the TON App catalogue calls it the first lending protocol on the TON blockchain integrated with Telegram, describes it as an honorary finalist of Hack-a-TON x DoraHacks and says it incubates in TON Starter Launchpad. The roadmap on the project's token page places the testnet launch, backing by TON Ventures, a closed mainnet beta and the release of NFT collections in 2023. It lists the public mainnet launch, the introduction of EVAA XP and the launch of LP pools in 2024, and the token generation event in 2025.

EVAA's token generation event took place on October 3, 2025. A day earlier, in a press release with a Panama City dateline, the project said the token would go live that same day on Binance Alpha, Binance Futures (perpetual contracts), MEXC, STON.fi and Gate, on both TON and BNB Chain. CoinDesk lists the TON jetton with a launch date of October 3, 2025 and the BNB Chain BEP20 contract with a launch date of September 28, 2025.

EVAA has a total supply of 50M tokens, according to Coingabbar, spread across two chains. According to Phemex, about 19.05M EVAA sit on the TON jetton and 30M on BNB Chain, about 49.05M on chain in total. The project's token page offers a TON to BNB bridge link through Symbiosis. Coingabbar reported that 1.71% of total supply was unlocked at the TGE, while the project's token page lists a 2% unlock at TGE. The token page says a further 0.79% unlocks each month, starting from the third month after the TGE, with lock-ups of 9 months for the team, 6 months for investors and 3 months for KOLs. On TON, activating an EVAA XP voucher deploys a $EVAA vesting contract NFT, and the tokens are then claimed in the EVAA web app.

Aleksandr Sudeikin is a co-founder of EVAA Protocol. In January 2025 The Block quoted him in that role when it reported the project's $2.5M private token sale. Vlad Kamyshov is EVAA's CEO. The October 2025 token launch press release quoted him in that role. His author page on The Defiant describes him as CEO of EVAA protocol and says after four years as a banking risk officer he moved into crypto, where he built three protocols across rebase tokens, lending platforms and blockchain architecture.

In January 2025 The Block reported that EVAA had raised $2.5M in a private token sale meant to fund the launch of the EVAA token. The participants were Polymorphic, TON Ventures, Animoca Ventures, CMT Digital, Mythos Ventures, Wagmi Ventures and angel investors. The October 2025 press release also names members of the former Baring Vostok team and Frens DAO among the backers. According to the January 2025 release, EVAA was integrated with OKX, Bitget, Tonkeeper and Tonhub. The same release said it had partnerships with TON Foundation, Notcoin and Storm Trade. The October 2025 release adds integrations with Telegram Wallet, Binance Wallet, TON Space and MyTonWallet, and says Quantstamp and Trail of Bits audited the protocol. CoinDesk notes a live bug bounty programme on HackenProof.

According to the project's October 2025 press release, EVAA gives holders voting rights on protocol updates, lower borrowing and liquidation fees, and extra rewards for staking and liquidity providers. The release said a buyback-and-burn programme would also be in place. The token page says all protocol revenues will be directed to the DAO treasury, which can be allocated for token buybacks and burns. The token page roadmap lists EVAA vouchers, the TGE, EVAA liquidity mining and EVAA staking for 2025. For 2026 it names DAO treasury management, non-collateral loans, a bridge on EVAA and an EVAA crypto card. The page does not mark which items are complete.