vToken Whitepaper Summary

Introducing vTokens

Seigniorage — The Basics

Introducing The Most Advanced Price Peg Mechanism To Date

vUSD — Synthetic cross-chain seigniorage stablecoin

Old vUSD to New vUSD

vUSD pools

  • 35% of minted vUSD will go to the 80/20 vUSD/WETH pool.
  • 50% of minted vUSD will go to the 98/2 vUSD/WETH pool.
  • Additionally, 10% of minted vUSD will be used for incentivizing FaaS liquidity pools on ValueLiquid.
  • And 5% of minted vUSD in expansion goes to a Reserve Fund, which automatically sells vUSD at a threshold to keep the vUSD price on-peg.

vBTC — First seigniorage synthetic BTC on Ethereum and Polkadot

vETH to vBTC

vBTC pools

  • 60% of minted vBTC in expansion will go to LPs of vBTC/WETH 98/2 pool.
  • 35% of minted vBTC in expansion will go to LPs of vBTC/WBTC 80/20 pool.
  • 5% of minted vBTC in expansion goes to a Reserve Fund, which automatically sells vBTC at a threshold to keep the vBTC price on-peg.

vDOT — First seigniorage synthetic DOT on Ethereum and Polkadot

vDOT pools

  • 60% of minted vDOT will go to vDOT/WETH 98/2 pool.
  • 35% of minted vDOT will go to vDOT/USDC 80/20 pool.
  • 5% of minted vDOT goes to the Reserve Fund, which automatically sells vDOT at a threshold to keep the vDOT price on-peg.

Benefits for the Value Ecosystem

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