General Introduction

Volta Finance is a fork of Mai Finance

What is Volta Finance?

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.

How is Volta governed?

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

What is VOLT ?

VOLT is a USD stablecoin backed solely by decentralized tokens. Its target peg is 1% within the US Dollar. VOLT can only be minted by users through overcollateralized debt positions.

VOLT is a decentralized stablecoin and cannot be manipulated by centralized entities.

What are some use cases for Volta?

• Keep your crypto while still using its value

• Receive instant 0% interest loans

• Leverage your crypto positions

• Seek extra yield through looping

What is the difference between Volta and other stablecoin protocols?

Volta Finance is an overcollateralized stablecoin protocol; it is not an algorithmic stablecoin. We took inspiration from different stablecoin protocols as well as our community to help build the superior protocol we have today, combining the best of both worlds.

How does Volta stay safe?

Volta Finance is a way for you to keep your crypto and still be able to spend its value. That means you're able to mint VOLT without having to sell your crypto assets, and do so at 0% interest.

Volta Finance is an overcollateralized stablecoin protocol, meant to offer native stablecoin minting for Arbitrum (more chains in the future). It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more value locked than the amount of debt given out.

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.