Vesta Finance. Price of cryptocurrency: $ 0.0281621

A layer 2-first lending protocol called Vesta Finance allows users to get maximum liquidity against their collateral without paying interest. There are people in this picture There are a few more features of Vesta. VST holders can redeem their stablecoins at any time. 50% of the governance token supply will be given to the community. There are parameters in the system that can be changed by governance. We are going to expand into near. Our immediate plan is to deploy onto Aurora as soon as possible, given our partnership with Bastion. Within six months, we will deploy onto native Near. There are people in this picture It is a debt platform. Users can transfer their stable coins to any other address of their choice if they lock them up. The stablecoin token is geared towards keeping the value of 1 VST to $1USD. The system is designed to always be over-collateralized, which means the dollar value of the locked Ether exceeds the dollar value of the issued stable coins. Users can always swap their stable coins for their underlying collateral directly with the system. The system controls the generation of VST through a fee. Users can issue "borrow" token if the vault's collateralization ratio remains above 110%. Anyone with an ether address can send or receive the token, even if they don't have an open vault. The price of the collateral against the US dollar is regularly updated by the Vesta system.