Vesta is a lending protocol that allows users to borrow Vesta's stablecoins against their collaterals. The project was launched in February 2022.
On Vesta, users deposit crypto assets to borrow VST tokens, a stablecoin that tracks the USD. The debts are over-collateralized.
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.