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.