The first decentralized lending protocol on TON that lets users lend or borrow native and wrapper assets without going to a centralized intermediary.
Evaa - the first decentralized lending protocol built on the TON blockchain. It aims to provide a secure and transparent way for TON users to lend and borrow cryptocurrency without intermediaries. Liquidity is provided to the market by depositors in order to earn passive income, whereas borrowers are able to obtain overcollateralized loans.
The ecosystem urgently needs DeFi tools like lending which will allow users to lend, borrow, trade, earn and the central part - bring and keep liquidity on TON which is a huge problem at this moment
On the final submission date, we were able to implement the main functionality on the testnet:
EVAA is built according to the TON development convention and has no boundless data structures to achieve higher levels of scalability, efficiency and decentralization. The core component of the protocol is the master SC. It stores and calculates common for all users data such as protocol configuration, total supply and borrow principals, and asset variables. The master contract deploys a user SC with the first user interaction. This SC stores and calculates data that is specific to the user. All updates of user balances come through the Withdraw and Liquidate methods, and direct TON/Jettons transfer to the protocol address that serves as the Supply method. There are no “Repay” and “Borrow” methods, these actions can be carried out with “Supply” and Withdraw respectively.
You can see our greater roadmap bellow