What is Volta Finance? Volta Finance is a CDP platform built on the Polygon ecosystem with a similar operating mechanism to Maker DAO, Venus,…
So, what is special about Volta Finance? Everyone, let’s find out in this article.
What is Volta Protocol?
Overview of Volta Protocol
Volta Protocol is an overcollateralized VOLT stablecoin issuance protocol with a 0% interest rate. Volta Finance accepts approved assets as collateral to issue stablecoin VOLT.
VOLT is a decentralized stablecoin pegged to 1 USD.
Volta Protocol’s mechanism of action
- Step 1: Users put collateral that Volta Finance accepts into the protocol.
- Step 2: Users will mint VOLT based on the maximum mortgage rate offered by Volta Finance.
- Step 3: Users will use VOLT in DeFi activities to generate profits.
- Step 4: Users burn VOLT with a 0.5% refund fee to get their collateral back.
Development Roadmap
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Core Team
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Investor
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Tokenomics
Overview of the Volta Finance project token
- Project name: Volta Finance
- Token code: VOLTA
- Blockchain: Polygon
- Token classification: ERC 20
- Smartcontract: 0x417a1afd44250314bffb11ff68e989775e990ab6
- Total supply: 100,000,000
Token Allocation
- Platform Rewards: 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 team token lock at the time of TGE.
- 10% of 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 be put into the project’s Tresury. Besides, the platform’s revenue is also distributed as follows:
- 70% goes to those who provide liquidity for the platform’s stablecoins on Curve Finance.
- 15% for VOLTA staking participants.
- The remaining 15% is for those who provide liquidity to the VOLTA – ETH pair and stake LP Tokens at the Volta Finance platform
Volta Finance’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:
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 track Volta’s development roadmap so we can make the most objective assessments.