Evoq Finance

🧠 Project Name

Evoq Finance

🔍 Description

Evoq is a P2P-based lending optimizer that integrates with existing lending protocols to provide both suppliers and borrowers with optimized APYs. (Currently leveraging Hyperlend) Pool-based lending protocols currently dominate DeFi lending, but due to inefficiencies inherent in the lending pool model, there can be significant spread between supply and borrow APYs. Evoq solves this problem by acting as an intermediary, matching suppliers and borrowers directly through a p2p model, improving capital efficiency and offering better APYs for both sides.

🛠️ How It Works

1. Suppliers deposit assets (e.g., HYPE) into Evoq.

2. Evoq deposits these assets into an underlying lending protocol (e.g., Hyperlend) and receives interest-bearing tokens (ibTokens).

3. When a borrower initiates a loan request, Evoq’s matching engine uses the ibTokens to withdraw liquidity and provide it directly to the borrower.

4. This creates a P2P match with nearly 100% utilization, improving APYs for both suppliers and borrowers.

5. If a supplier wants to withdraw before the borrower repays, Evoq uses the borrower’s collateral to borrow from the underlying protocol. This guarantees immediate liquidity while still keeping the P2P match intact.

💻 Demo

https://www.youtube.com/watch?v=S_HyDToASvg

📂 Project Links

• Deck
  https://drive.google.com/file/d/1a2WfYGKR5U-MUuqnxIhQcjCLKYAEvzIV/view?usp=sharing
• Github
  https://github.com/evoqfinance/evoq-backend
  https://github.com/evoqfinance/evoq-hyperlend-interface
  https://github.com/evoqfinance/Evoq-Lens
• Design
  https://marshy-marquess-2c3.notion.site/2539806152168008b80efccea99a90af?v=25398061521681358962000cb9bc278c&pvs=73
• Docs
  https://docs.evoq.finance
• Live demo URL
  https://evoq-hyperlend-interface.vercel.app
• Twitter
  https://x.com/Evoq_Finance
• Discord
  https://discord.com/invite/f46seE73tZ
• Telegram
  https://t.me/evoq_finance

👥 Team

1. Lucas Lee - CEO
   Lucas majored in math and began his career in actuarial services using mathematical and statistical models to evaluate risk in financial industries. He worked at Huobi Korea, subsidiaries of Dunamu and Nexon, where he analyzed tokenomics and DeFi. And he co-organized DeFi Korea, the country’s largest DeFi-community.
   - LinkedIn: https://www.linkedin.com/in/changhwan-lucas-lee/
   - Twitter: https://x.com/lucasvisionx

2. Deven Chung - CSO
   Deven majored in computer science and business and served as a founder and software engineer for 5 years in crypto. With strong technical expertise, he now focuses on business development and strategic growth.
   - LinkedIn: https://www.linkedin.com/in/minjunkeem/
   - Twitter: https://x.com/minjun_keem

3. Simon Sim - CTO
   Simon specialize in backend engineering and smart contract development With seven years in blockchain and cybersecurity. He has launched and managed blockchain products like DeFi, NFT marketplace, account abstraction, and liquidity staking in crypto startups, ensuring secure and scalable systems.
   - Twitter: https://x.com/sim_on_chain