TON Foundation and EVAA Protocol are teaming up to launch an exciting incentive program for decentralized finance (DeFi) users. Combining the strengths of TON Blockchain and EVAA’s lending platform, the program is designed to expand opportunities in DeFi, enhancing user engagement and driving the growth of DeFi on TON.

To kick off the program, 100,000 TON has been set aside as rewards for users.

"As the first DeFi protocol on TON, apart from DEXs, to receive these liquidity incentives, we are proud to lead the charge in showcasing how such support can accelerate the adoption of DeFi within the Telegram community.”
— Vlad, CEO of EVAA

Want to know how to start earning TON rewards? Let’s take a look below.

A two-step incentive program

The program unfolds in two phases:

1. Borrow rewards: Participants can borrow USDT from EVAA’s main pool and earn rewards based on activity levels. EVAA’s latest initiative offers subsidized USDT loans against TON, tsTON, and stTON.
2. Supply rewards: Once borrowing incentives gain traction, the focus may shift to supply rewards. Users who provide liquidity to EVAA’s pools will receive more rewards for their contributions.

This phased approach ensures a balanced and sustainable structure that benefits all participants while fostering ecosystem growth.

What is EVAA Protocol?

EVAA Protocol is a decentralized lending platform built on TON Blockchain. It offers advanced features like lending and borrowing, leveraged liquidity provision, hedged liquidity provision. These features are supported by locked liquidity across top TON platforms like Tonstakers, Storm Trade, DeDust, StonFi, and Bemo, creating a strong and interconnected ecosystem.

Additionally, EVAA’s achievements include a successful QuantStamp audit, multiple wins in The Open League, and active contributions to developer education through lectures and boot camps. The protocol’s initiatives, such as the TON DeFi Academy, continue to empower the next generation of blockchain enthusiasts and builders.

“This New Year initiative will pave the way for shaping a comprehensive and impactful 2025 incentive program. Stay tuned!"
— @Vlad Degen, TON DeFi Lead

Why join the incentive program?

Here are a few reasons why you should get involved:

• A share of 100,000 TON in rewards up for grabs
• 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?

Ready to dive in? Here’s how to start earning rewards:

Lending on EVAA

When you supply tokens to the EVAA Protocol, they enter the EVAA liquidity pool. Interest rates accumulate automatically based on the borrow utilization rate.

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

2. Click +.

3. Choose the asset you wish to supply, such as TON.

4. Select the amount of TON you want to supply and click Supply to confirm the transaction. Your supplied TON will start earning interest based on the Supply APY.

Borrowing on EVAA

Borrowing on EVAA Protocol lets you access liquidity using your supplied collateral. To avoid liquidation, make sure you maintain enough collateral to cover your loans. Interest rates for borrowed tokens are dynamic and based on the utilization rate.

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

2. Click Borrow. For borrowing any amount you need to lend the collateral first. Check the first guide.

3. Choose USDT from the list of available assets.

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

Be part of the DeFi movement on TON

The collaboration between TON Foundation and EVAA Protocol introduces new possibilities for DeFi on TON. Whether you’re borrowing USDT with subsidised loan initiatives or supplying liquidity to earn interest, this program offers options for users at all levels.

Now’s the time to take the next step in DeFi, experiment, and grow alongside the TON and EVAA communities.

The program launches this week—stay tuned for the official announcement on EVAA Protocol’s official pages:

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