What is Volta Finance? Volta Finance is a CDP platform built on the Polygon ecosystem with the same operating mechanism as Maker DAO, Venus, etc.
So, if there's something special about Volta Finance, let's find out together in this article.
What is Volta Protocol?
Overview of Volta Protocol
Volta Protocol is a protocol for issuing VOLT Stablecoin based on Over Collateral with 0% interest. Volta Finance accepts voting assets as Collateral asset to issue Stablecoin VOLT.
VOLT is a decentralized Stablecoin and is pegged to 1 USD.
How Volta Protocol works
- Step 1 : The user enters the Collateral asset that Volta Finance accepts into the protocol.
- Step 2 : Users will mint out VOLT based on the maximum mortgage rate that Volta Finance offers.
- Step 3 : Users will use VOLT in DeFi activities to generate profits.
- Step 4 : User burns VOLT with 0.5% return fee to get his Collateral asset back.
Development Roadmap
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Core Team
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Investor
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Tokenomics
Overview of Volta Finance project tokens
- Project name: Volta Finance
- Token: VOLTA
- Blockchain: Polygon
- Token classification: ERC 20
- Smartcontract: 0x417a1afd44250314bffb11ff68e989775e990ab6
- Total supply: 100,000,000 VND
Token Allocation
- Platform Reward: 67%
- Core Team: 10%
- Initial Liquidity: 3%
- Liquidity Mining: 10%
- Tresury: 10%
Token Release
- 10% for Core Team will be paid in installments within 18 months equivalent to no lock of team tokens at the time of TGE.
- 10% for the Liquidity Mining program will be reserved for pools such as 20% VOLTA- ETH, 20% VOLT-2CRV, 20% voltGNS, 20% voltGMX and 20% voltGLP.
- 67% for Platform Reward will be determined by DAO.
Token Use Case
Profits from asset liquidation will be divided into 2 parts of which 90% will go to volAssets holders and the remaining 10% will go to the project's Tresury. In addition, the platform's revenue is distributed as follows:
- 70% goes to the Liquidity providers for the platform's Stablecoin on Curve Finance.
- 15% for VOLTA staking participants.
- The remaining 15% is for those who provide Liquidity for the VOLTA - ETH pair and bring LP Token stake at Volta Finance platform
Volta Finace's Information Channel
- Website: https://volta.finance
- Twitter: https://twitter.com/volta_protocol
- Discord: https://discord.gg/qYEWSVahFh
- Medium: https://medium.com/@volta_protocol
- Telegram: https://t.me/VoltaFinance
Summary
Volta Finance is a potential CDP protocol on the Arbitrum ecosystem in the near future. However, it still takes a lot of time to follow the development roadmap of Volta from which we can make the most objective assessments.
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