Looping lets your TON/USDt v2 LP tokens work twice: you supply LP to EVAA as collateral, borrow, and add more liquidity on STON.fi — optionally repeating while you keep your Health Factor healthy. Do it right and you amplify exposure and fee potential; do it recklessly and you invite liquidation. This article shows the clicks, the trade-offs, and a simple exit plan.
Before you start
A TON wallet connected to both apps (STON.fi and EVAA), plus a bit of TON for fees.
- You understand EVAA basics: what is collateral, Health Factor, liquidation thresholds. Read these in EVAA’s docs.
- You accept the risks: market moves, impermanent loss, rate changes.
Step 1. Provide liquidity on STON.fi and get LP tokens
Go to the STON.fi app to provide liquidity in the TON/USDt v2 pool. Go to Pools → Select TON/USDt v2 → Enter the amount you wish to provide → Click Add liquidity.
Click Preview liquidity provision, check all the details and click Confirm liquidity provision.
You’ve already got LP tokens as a liquidity provider, and now may use them as a collateral on EVAA!
Step 2. Connect to EVAA
Go to the EVAA app. If you’re in the app for the first time, connect your wallet from the home screen prompts.
As soon as you’ve connected the wallet, you may start using supply&borrow opportunities of the EVAA protocol.
Step 3. Supply your LP to EVAA and enable as collateral
On Home page select LP pool and click Supply.
Choose a supply asset — in our case it will be TON/USDT-LP (STON.fi v2), as you are going to use your LP tokens as a collateral.
Click Supply and choose the amount of LP tokens accessible you want to supply to EVAA. You may indicate the number or choose a share — 25%, 50%, 75% or 100%.
Step 4. Borrow responsibly
Now you may borrow funds and then provide them as liquidity back into STON.fi pool.
On EVAA Home page click Borrow.
Choose an asset to borrow and enter the amount.
⚠️ Each borrow reduces your Health Factor; leave a conservative buffer.
Step 5. Add the borrowed funds back to STON.fi liquidity
Now you can use borrowed funds for extra liquidity provision in the STON.fi TON/USDt v2 liquidity pool. Perform actions in Step 1.
(Optional) Step 6. Repeat the loop with caution
As you gain more LP tokens, you can supply them to the EVAA protocol again. Perform actions in Steps 3–5.
⚠️ Important! Each loop raises exposure and risk. LP token value can change with TON/USDt price and impermanent loss. When LP value dips, your collateral value dips, and Health Factor falls. Borrow conservatively. Keep Health Factor high and monitor it after each action.
Best practices & tips
- Favor fewer, safer loops; small buffers save big headaches.
- Watch HF after every action; don’t ignore warnings.
- Keep some stable balance ready for fast top-ups or partial repayments if markets wobble.
- Re-read market parameters on EVAA; rates and caps can change.
- Track your LP’s fee income — it’s part of the reason to loop, but don’t rely on it to bail out risky HF.
- Always DYOR: in DeFi you should research thoroughly everything you decide to interact with.
