Valas Finance

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Valas is a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralised (perpetually) or undercollateralised (one-block liquidity) fashion.

Valas Token

  • 50% of the revenue generated through borrowing is distributed directly to users who stake VALAS. Both lenders and borrowers receive VALAS rewards to incentivize protocol use.
  • VALAS liquidity mining builds and extends upon a mechanism first introduced by Ellipsis Finance on BNB Chain, and later also used in Geist Finance on Fantom. Rewards are vested for 3 months, but may be claimed immediately for a penalty. The penalty is then distributed to users who choose to lock VALAS for 3 months. This mechanism ensures steady rewards for those who actively commit to the protocol by locking their tokens.
  • Valas improves on the previous mechanism by setting the penalty fee to 75% initially, decaying linearly to 25% during the 3 month vesting period.
  • In short, VALAS stakers earn protocol fees, VALAS lockers earn protocol fees as well as exit penalties from users who exit their vests early.

Valas Fees:

Valas fees