evaUSDT
EVAUSDT
$0.997929
Current Price
+0.14%
24h Change
Info
EVAUSDT
Symbol
$3.00M
Fully Diluted Valuation
$3.00M
Market Cap
272
Market Rank
3.01M
Total Supply
$23.79K
Total Volume
$0.998517
24h High
$0.996042
24h Low
About evaUSDT
EvaUSDT (evausdt) addresses the inefficiencies in decentralized finance by wrapping isolated lending positions into portable ERC-20 tokens. This innovative approach ensures each token is tied to a specific borrower, market, and set of terms, all fully transparent and verifiable on-chain. By depositing the accepted asset into an Ethereum vault, users receive corresponding eva tokens, which are instantly deployable across various DeFi ecosystems. These tokens adhere to the OFT standard via LayerZero, facilitating native cross-chain capabilities across networks such as Ethereum, Base, Linea, HyperEVM, Sonic, and Avalanche without incurring additional protocol costs. The token's utility extends beyond simple asset representation; it generates yield through liquidity provision, gauge incentives, and arbitrage opportunities when token values deviate from their underlying assets. Users benefit from the flexibility of redeeming tokens at any time without facing withdrawal queues or pooled risk, enhancing the appeal for investors and developers alike. EvaUSDT's strategic integration into the DeFi landscape positions it as a versatile tool, fostering increased adoption and facilitating seamless cross-chain interactions.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
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