Crypto-Backed Loans
Evaa offers a way for anyone, whether an individual or a bigger group, to use their crypto assets as a guarantee. This lets them get liquidity (or "spendable money") without selling their assets. This method is efficient and gives flexibility in handling your assets.
Scenario with Alex and TON
Alex is passionate about crypto and has a lot of TON tokens. He needs some money to spend but doesn't want to sell his TON tokens because he thinks their price will go up soon.
Here's how he does it with Evaa
1.Locking Tokens: Alex puts 100 TON tokens into the Evaa system as a security.
2.Finding Out How Much He Can Borrow: With Evaa's rules, he discovers he can borrow up to 50 USDT against his TON tokens.
3.Getting the Money: Alex then borrows 50 USDT.
4.Paying Back: When he's ready, Alex gives back the 50 USDT he borrowed, plus a little extra as interest.
5.Getting His Tokens Back: Alex gets his 100 TON tokens from Evaa once he's paid everything back.
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