{"id":19960,"date":"2024-12-27T16:32:32","date_gmt":"2024-12-27T14:32:32","guid":{"rendered":"https:\/\/forklog.com\/en\/evaa-and-ton-foundation-introduce-negative-interest-loans-in-usdt\/"},"modified":"2024-12-27T16:32:32","modified_gmt":"2024-12-27T14:32:32","slug":"evaa-and-ton-foundation-introduce-negative-interest-loans-in-usdt","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/evaa-and-ton-foundation-introduce-negative-interest-loans-in-usdt\/","title":{"rendered":"EVAA and TON Foundation Introduce Negative Interest Loans in USDT"},"content":{"rendered":"<p>The lending protocol <a class=\"tracking_link\" href=\"https:\/\/app.evaa.finance\/?pool=Main\" target=\"_blank\" rel=\"noopener\">EVAA Protocol<\/a> and TON Foundation have launched a DeFi program offering rewards amounting to 100,000 TON (~$570,000), according to a press release.<\/p>\n<p>The program comprises two phases:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Borrow rewards.<\/strong> Participants can take loans in USDT with negative interest rates, secured by TON, tsTON, and stTON;<\/li>\n<li><strong>Supply rewards.<\/strong> As borrowing volumes increase, the focus of incentives will shift to liquidity providers. Participants supplying funds to EVAA pools will receive cashback in TON for their contributions.<\/li>\n<\/ul>\n<p>In addition to rewards, users earn EVAA XP points. The project team plans to convert these into tokens in the first quarter of 2025.<\/p>\n<p>To participate, users must connect their wallet on the <a class=\"tracking_link\" href=\"https:\/\/app.evaa.finance\/?pool=Main\" target=\"_blank\" rel=\"noopener\">EVAA website<\/a>. A step-by-step guide with screenshots is available on the <a class=\"tracking_link\" href=\"https:\/\/blog.ton.org\/evaa-100k-ton-incentive-program\" target=\"_blank\" rel=\"noopener\">TON Foundation blog<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBorrowed funds can be used for various activities within The Open Network (TON) ecosystem. For instance, farming tokens of new projects on the <\/em><em>recently launched<\/em><em> launchpool platform Earn,\u201d commented representatives of EVAA Protocol.<\/em><\/p>\n<\/blockquote>\n<p>According to <a class=\"tracking_link\" href=\"https:\/\/defillama.com\/chain\/TON\" target=\"_blank\" rel=\"noopener\">DeFi Llama<\/a>, EVAA Protocol ranks first among lending protocols in the TON ecosystem. The project <a class=\"tracking_link\" href=\"https:\/\/ton.org\/open-league?filterBy=hallOfFame\" target=\"_blank\" rel=\"noopener\">won<\/a> three DeFi leagues in The Open League program. The platform&#8217;s audit was <a class=\"tracking_link\" href=\"https:\/\/certificate.quantstamp.com\/full\/evaa\/df7aa699-793b-49f7-b348-1f78e9ca9870\/index.html\" target=\"_blank\" rel=\"noopener\">conducted<\/a> by QuantStamp.<\/p>\n<p>Earlier, the TON team released the technical documentation for the TON Teleport BTC cross-chain bridge for transferring bitcoins into and out of the blockchain ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lending protocol EVAA Protocol and TON Foundation have launched a DeFi program offering rewards amounting to 100,000 TON (~$570,000), according to a press release. The program comprises two phases: Borrow rewards. Participants can take loans in USDT with negative interest rates, secured by TON, tsTON, and stTON; Supply rewards. As borrowing volumes increase, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1364],"class_list":["post-19960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-the-open-network"],"aioseo_notices":[],"amp_enabled":true,"views":"62","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19960"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19959"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}