what's eva Markets?

eva Markets is a DeFi protocol enabling users to mint portable credit-backed tokens, such as evaUSD, by depositing assets like USDC into isolated lending positions powered by protocols like Wildcat. These tokens wrap a single borrower's credit line with full on-chain transparency—no pooled risks, hidden exposures, or unverifiable counterparties. Holders can verify borrower identity, terms, collateral, and redemption mechanics directly. The tokens are fully liquid from inception, bridgeable across EVM chains (Ethereum, Sonic, Linea, Avalanche) via LayerZero in one transaction, and deployable into DeFi for yields via liquidity provision (e.g., evaUSDT/frxUSD on Curve) or lending without lockups. This unlocks institutional-grade undercollateralized credit for composable DeFi use.

evaUSDT pairs frxUSD on Curve via Frax PegKeeper; bridges Wildcat debt tokens for yield.