Vesta Finance VSTA Price 0.56563315

A layer 2-first lending protocol called Vesta Finance allows users to obtain maximum liquidity against their collateral without paying interest. There is a There are a couple more features of Vesta. VST holders can redeem their stable coins at any time. 50% of the governance token supply will be distributed to the community. The parameters of the system, such as minting fees, will be changed by governance. We are going to expand into the near area. Our plan is to deploy onto Aurora as soon as possible, given our partnership with Bastion. Within six months, we will deploy Rust engineers onto native Near. There is a The platform is called Vesta Finance. Users can transfer their stable coins to any other address of their choice, if they lock up the coins and issue them to their own address. The stablecoin token is geared towards maintaining the value of 1 VST to $1USD. The system is designed to always be over-collateralized, meaning the dollar value of the locked Ether exceeds the dollar value of the issued stable coins. Users can always swap their stable coins for the underlying ones directly with the system. The system uses a variable issuance fee to control the generation of VST. Users can issue "borrow" token if the vault's collateralization ratio remains above 110% after opening it. Anyone with an ether address can send or receive the token, even if they have an open vault. The price of the collateral against the US Dollar is regularly updated by the Vesta system.