evaUSDT
EVAUSDT Rank #2125Price chart
What is evaUSDT?
Overview
Eva wraps isolated lending positions into tradable tokens, with each product corresponding to a specific borrower, market, and defined loan terms. Users deposit accepted collateral into an Ethereum vault and receive the corresponding eva token in return. The tokens are instantly usable across decentralized finance applications and eliminate pooled counterparty risk inherent in traditional lending protocols.
How it works
Tokens follow the OFT standard via LayerZero, enabling native cross-chain functionality across Ethereum, Base, Linea, HyperEVM, Sonic, and Avalanche without protocol fees. Holders can redeem their tokens at any time with no withdrawal queues or delays. Yield accrues through liquidity provision, gauge incentives, and arbitrage opportunities when token prices deviate from underlying collateral value.
Peg and backing
Each eva token is backed by collateral deposited into isolated lending vaults, with terms and borrower details fully transparent and verifiable onchain. The peg is maintained through redemption mechanics that allow holders to convert tokens back to underlying assets at any time without queues, and through arbitrage incentives when prices diverge.
Supply
Total supply is approximately 2.9 million tokens with no maximum supply cap listed.
Where to trade EVAUSDT
Exchanges that list this asset
Live spot quotes from connected exchanges
EVAUSDT funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.