BTC

$68592.195

-0.61%

ETH

$2425.958

-1.84%

BNB

$558.634

-0.31%

XRP

$0.509

0.49%

DeFi

Lending Protocol Vesta Finance Establishes Emergency Reserve

November 25, 2022 - Around 1 mins mins to read
Arbitrum-based lending protocol Vesta Finance announced the official launch of Vesta Emergency Reserve, whose top priority is to compensate users in the event of a shortfall event.
Lending Protocol Vesta Finance Establishes Emergency Reserve

According to Vesta Finance, all fees accrued thus far and in the future within the Vesta ecosystem will automatically be added to the Vesta Emergency Reserve.

The project’s developers claim that even though such a reserve was never explicitly stated before, the way they handled Vesta’s fee revenue was comparable to an emergency reserve because they only used the money to compensate users.

They are thinking about implementing a community-driven fee-sharing system in the future.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Arbitrum

Lending

Vesta Finance

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Lending Protocol Vesta Finance Establishes Emergency Reserve

Arbitrum-based lending protocol Vesta Finance announced the official launch of Vesta Emergency Reserve, whose top priority is to compensate users in the event of a shortfall event.
Lending Protocol Vesta Finance Establishes Emergency Reserve

According to Vesta Finance, all fees accrued thus far and in the future within the Vesta ecosystem will automatically be added to the Vesta Emergency Reserve.

The project’s developers claim that even though such a reserve was never explicitly stated before, the way they handled Vesta’s fee revenue was comparable to an emergency reserve because they only used the money to compensate users.

They are thinking about implementing a community-driven fee-sharing system in the future.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News