EVAA Protocol
EVAA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
EVAA Protocol is a decentralized non-custodial lending platform deployed on TON with a BSC-issued utility and governance token. The project exhibits solid technical fundamentals, including audits from top-tier security firms (Quantstamp and Trail of Bits) and continuous product rollouts such as Telegram Mini App integrations. Tokenomics feature structured lockups and hard-capped total supply, though approximately a quarter of the allocation is opaque and the circulating supply data exhibits inconsistencies across aggregators. The protocol's primary weaknesses stem from structural governance centralization, single-maintainer dependencies, thin verifiable TVL/adoption metrics, and serious unaddressed protocol risks flagged in a May 2026 security review (notably single-admin control, a short 30-second contract upgrade timelock, and a potential liquidation-blocking vulnerability). No qualifying red-flag events (such as realized hacks, regulatory actions, or hostile delistings) were affirmatively established. The overall score represents the weighted average across all six evaluation sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About EVAA Protocol (EVAA)
EVAA Protocol (EVAA) is a decentralized, non-custodial lending and yield protocol built on The Open Network (TON), utilizing open-source smart contracts and Pyth Oracle integration. While the core lending infrastructure operates on TON, its native token is issued on BNB Smart Chain (BSC). The platform is designed to provide lending and borrowing services natively within the TON ecosystem, featuring integrations such as a Telegram Mini App and an EVAA payment card.
The EVAA token serves as the utility and governance asset for the protocol, with a hard-capped maximum supply of 50,000,000 tokens. Its utility encompasses platform governance, staking, boosted annual percentage yields (APYs), fee reductions, and payment card integrations. The token distribution incorporates structured lock-up periods, including a nine-month lock for team allocations and a six-month lock for investors, followed by a gradual monthly unlock schedule.
EVAA has undergone smart contract audits by Quantstamp and Trail of Bits, and maintains bug bounty listings on HackenProof. However, independent reviews and protocol analyses have noted several structural and operational risks. A May 2026 security analysis identified unresolved vulnerabilities, including a bug that could potentially impair liquidations, an upgrade timelock set to 30 seconds, and centralized single-admin control. Additionally, the protocol faces single-maintainer dependencies, unverified on-chain total value locked (TVL) metrics, and circulating supply inconsistencies across market data aggregators.