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Difference between revisions of "Vesta Finance"
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* Low collateralization ratio: a user's collateral vault is required to be collateralized at a minimum collateralization ratio much lower than that from the competition (e.g. 110% for ETH, 110% for renBTC, and 175% for gOHM). | * Low collateralization ratio: a user's collateral vault is required to be collateralized at a minimum collateralization ratio much lower than that from the competition (e.g. 110% for ETH, 110% for renBTC, and 175% for gOHM). | ||
* Immediately redeemable: VST holders can redeem their VST stablecoins for the underlying collateral at any time. The redemption mechanism along with algorithmically adjusted fees guarantee a minimum stablecoin value of 1 USD. | * Immediately redeemable: VST holders can redeem their VST stablecoins for the underlying collateral at any time. The redemption mechanism along with algorithmically adjusted fees guarantee a minimum stablecoin value of 1 USD. | ||
* | * Community-oriented tokenomics: 50%+ of the governance token (VSTA) supply will be given to the community. | ||
* | * Governable: parameters in the system, such as minting fees, liquidation fees, and liquidation incentives will be modifiable by governance. | ||
== Sources == | == Sources == | ||
https://docs.vestafinance.xyz/ | https://docs.vestafinance.xyz/ | ||