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Volta Protocol

Volta Protocol VOLTAPrice N/A

VOLTA Price

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General Info

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Description

Volta Finance is an overcollateralized stablecoin protocol that allows users to borrow stablecoins (VOLT).

Volta Protocol (VOLTA) Chart

Volta Protocol price Index provides the latest VOLTA price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

Max Supply

VOLTA 100,000,000

Total Supply

VOLTA 100,000,000

All Time High

$ 0.384

22 Feb 2023


All Time Low

$ 0.00409

12 Oct 2023

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What is Volta Protocol (VOLTA)?

Volta Finance is an overcollateralized stablecoin protocol that allows users to borrow stablecoins (VOLT) against the value of their decentralized token collaterals. Minting occurs through loans, denomimated in VOLT. All loans have 0% interest, meaning the value of the related debt does not change over time. A 0.5% repayment fee is charged when debt positions are repaid. Components of Volta include the following:

  • Overcollateralized vaults: VOLT relies on collateral vaults to back its value. At all times, VOLT is fully backed by collateral
  • Vault: Where users deposit their token collateral and borrow VOLT. Vaults are user managed and controlled
  • Decentralized and user-managed: VOLT is built on market incentives and penalties. There is no centralized authority or algorithm controlling the protocol. Only users can control their funds
  • Two tokens: VOLT is the stablecoin and VOLTA is the protocol’s governance token.

Volta is a community-run, community-governed protocol. Changes are made through proposals and voted on by stakers of the governance token, VOLTA.

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