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Vesta is a collateral-backed debt platform. Participants deposit collateral and mint Vesta's stablecoin VST to their own Ethereum address, then move those tokens to any other Ethereum address whenever they want. Each collateralized debt position is referred to as a vault. The VST stablecoins are structured to stay near $1 USD per 1 VST through the following characteristics:
The protocol is built to remain over-collateralized, meaning the USD value of locked Ether is greater than the USD value of the stablecoins minted.The stablecoins are fully redeemable-users can exchange $x of VST for $x of the underlying collateral (less fees) with the system at any time.An algorithmic mechanism regulates how VST is issued by using a variable issuance fee.| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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