Introduction
Vesta is a lending protocol that allows users to borrow Vesta's stablecoins against their collaterals. The project was launched in February 2022.
Use Cases
On Vesta, users deposit crypto assets to borrow VST tokens, a stablecoin that tracks the USD. The debts are over-collateralized.
Tokenomics
Vesta generates fee revenue from loan redemption fees and VST token issuance fees. Vesta's native token is VSTA, first issued in January 2022 with a total supply of 100M. Vesta's investors include Tetranode, DCFGod, Fiskantes, and Not3Lau Capital, among others.
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