TON unlimited matryoshka dolls! Toncoin’s largest lending protocol EVAA grabs airdrop tutorial

@evaaprotocol, the largest lending protocol in the public chain TON ecosystem, launched the TON airdrop reward event earlier this week, whether it is providing or lending assets (JUSDT, JUSDC, TON...) You can get extra TON rewards.

EVAA launches TON reward activity

We can see in the picture below:

• Provide JUSDT: 48.95%/Loan: -0.37%

• Provide JUSDC: 33.34%/borrow:-12.19%

• Provide TON: 26.63%/borrow:-17.07%…

The negative % of borrowing here means that if the user borrows money, he will make money under the official reward. For example, the actual borrowing interest rate of TON is: 1.09% (interest) plus -18.16% (reward).

How to strengthen and get rewards?

1. Deposit JUSDT first, and then lend TON

2. Stake TON and obtain tsTON (currently about 4% APY)

3. Deposit tsTON again Enter

In this way, not only can the amount that can be borrowed be increased, but because the asset value of tsTON is synchronized with TON, the risk of being liquidated when encountering a health factor is also lower. (The rewards for staking TON alone can actually cover the interest)

But you still have to pay attention, be careful not to be liquidated

earn EVAAXP points

In addition, whether you provide or lend assets, you can still earn EVAAXP points, which can be exchanged for airdrops of protocol tokens in the future, so you can eat two fish.

Just like the prosperity created by Compound during DeFi Summer, a large number of users are not afraid of borrowing assets wildly because there are COMP airdrops to compensate.

How to interact with the EVAA protocol?

The interaction method is very simple. Just open the EVAA page and connect to the TON wallet. The system will automatically determine which assets you have that can be lent, or how many assets you can lend.

What are the risks?

The biggest risk is that the protocol has not been born for a long time, and its security has not been solidly verified. Remember not to put all your assets on this project!

Another risk is the fear that the protocol’s oracle machine will leak...

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