Evaa Protocol brings leveraged liquid staking to TON with backing from Animoca and TON Ventures

I heard about it on r/TonDiscussion and decided to check it out.

Evaa Protocol (EVAA) is positioning itself as a DeFi lending and leveraged liquid staking platform built natively on The Open Network (TON). Instead of being another generic fork, it integrates directly with TON’s ecosystem and even plans to support Telegram mini-apps for onboarding. This gives it a clearer fit inside the TON community compared to multi-chain DeFi projects that often struggle with adoption.

The fundamentals are interesting. The protocol lets users stake assets while borrowing against them to amplify yield, keeping liquidity unlocked while still earning. That model has worked in other ecosystems, but EVAA is among the first to attempt it natively within TON. Backers include TON Ventures and Animoca Brands, which adds credibility and early ecosystem access. Private funding has also been disclosed, alongside a roadmap for deeper TON integrations.

Its token model is aimed at incentivizing lending/borrowing and governance. The main risks are tied to liquidation mechanics and contract execution, which is typical of leveraged staking protocols. Success will depend heavily on how attractive EVAA’s tokenomics are for liquidity providers and how secure its smart contracts prove to be.

Trading access is expected to open around early October. One practical note: for anyone looking to explore it, Bitget Wallet supports EVAA, making it straightforward to buy and interact directly within the app. Still, as always, double-check the official contract address before engaging.

For investors watching the TON ecosystem, EVAA could be one of the more notable DeFi experiments to track. It has strong backers, a differentiated product design, and a clear alignment with TON’s Telegram-powered growth. At the same time, it carries the usual high risk of leveraged staking models.

Would you consider EVAA’s launch an opportunity to get early exposure to TON DeFi growth, or does the leverage model make it too risky at this stage?