What is Vesta Finance (VSTA)?

Vesta Finance is a decentralized lending platform for collateralized stablecoin on Arbitrum. The platform enables users to obtain maximum liquidity against their collateral. Being on Arbitrum enables Vesta Protocol to deliver fast and efficient transactions, making it a great choice for all kinds of users. 

How Vesta Finance (VSTA) Works

Vesta Finance allows users to issue stablecoin VST and send them straight to an Ethereum wallet by locking up collateral. The tokens are designed to maintain a value of $1 and are algorithmically controlled through a variable interest fee. The system regularly updates the price of the collateral against USD via a decentralized data feed, and if a vault falls below a minimum collateralization ratio of 110%, it is considered under-collateralized and vulnerable to liquidation. The VST-ETH exchange rate has a hard price ceiling at $1.1 due to the system's design, which creates an arbitrage opportunity for borrowers when the exchange rate exceeds that level. When VST falls below $1, the Vesta Reference Rate rises sharply, increasing the cost of holding VST. This prompts people to buy back VST, pay off their loans, and close their vaults, leading to a decrease in the amount of VST in circulation and an increase in its price.

VSTA is the governance token of the platform that can be used to determine different parameters regarding the stablecoin VST, such as minting fee, redemption fee, liquidation fee, and liquidation ratio.

How Many Vesta Finance (VSTA) Tokens Are in Circulation?

VSTA’s total supply: 100,000,000

VSTA’s circulating supply: 9,890,465

How to Buy Vesta Finance (VSTA)

Consider investing in Vesta Finance (VSTA)? It only takes 2 minutes to create an account on Bitget and start trading VSTA. 

Check out the available VSTA trading pairs on Bitget!

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VSTAUSDT

Vesta Finance (VSTA) Resources

Official Website

Official Documents