How to supply and start earning?

Supplying tokens to the EVAA Protocol lets you earn interest on your assets while using them as collateral. When you supply tokens, they enter the EVAA liquidity pool, where smart contracts manage overcollateralized borrowing. Your tokens automatically accrue interest, which is reflected as your balance updates with the current market rate.

Interest rates are based on the borrow utilization rate—the proportion of assets borrowed compared to the total supplied. These rates and parameters, like collateral requirements, depend on token balances and oracle prices.

You can supply tokens via the protocol's smart contracts or through the EVAA interface by following these steps:

STEP 1: Connect Your Wallet

On the main dashboard page, in the top right corner, you’ll see the “Connect Wallet” button. Click this button to connect your crypto wallet to the EVAA Protocol.

STEP 2: Open the Asset Selection Menu

On the main dashboard, there’s a "+" button in the center of the screen (next to your balance). Click this button to open the menu for choosing the asset you want to supply (deposit).

STEP 3: Select Asset

A window titled "Select Asset" will appear, where you can see available assets to supply. Choose the asset you wish to supply, for example, TON.

STEP 4: Select Supplying Amount and Confirm

In the "Supply TON" window, you'll see details like your wallet balance, health factor, APY (e.g., 2.34%), utilization rate, and estimated gas fee (e.g., 0.10 TON). Choose the amount to supply (e.g., 25%, 50%, or 100%) and ensure you have enough balance in your wallet.

Once you've selected the amount (e.g., 5 TON), click "Supply" and confirm the transaction through your wallet, accounting for gas fees. After confirmation, your TON will be supplied, and you'll start earning interest based on the Supply APY.

Need Assistance?

Connect with the vibrant community and the EVAA team at the EVAA Protocol Hub on Telegram.