Getting Started with v1ta
Welcome to v1ta! This guide walks you through everything you need to know to start using the protocol.
What You Can Do
With v1ta, you can:
- Open a CDP: Deposit SOL and mint VUSD stablecoin
- Manage Your Position: Add or remove collateral, borrow more VUSD
- Close Your Position: Repay your debt and get your collateral back
- Provide Liquidity: Deposit VUSD in the Stability Pool to earn rewards
What You'll Need
Before you start:
- A Solana wallet (Phantom, Solflare, or any compatible wallet)
- SOL tokens for collateral and transaction fees
- Basic understanding of collateralized lending
New to DeFi? Don't worry! We'll explain everything step by step.
Quick Start
Connect Your Wallet
Visit v1ta.xyz and connect your Solana wallet.
Make sure you're on the correct network (Devnet for testing, Mainnet for production).
Understand the Basics
Learn about:
- Collateral Ratio: The ratio of your collateral value to your debt (must be at least 110%)
- Liquidation: What happens when your collateral ratio falls below 110%
- Fees: 0.5% borrow fee, 5% liquidation penalty
Open Your First Position
Deposit SOL collateral and mint VUSD. See the Open a Position guide for detailed instructions.
Monitor Your Position
Keep an eye on:
- Your collateral ratio (stay above 110%!)
- SOL price movements
- Your debt amount
Key Concepts
Collateral Ratio
Your collateral ratio is calculated as:
Collateral Ratio = (Collateral Value in USD) / (Debt in VUSD) × 100Example:
- You deposit 10 SOL (worth $1,000)
- You borrow 800 VUSD
- Your collateral ratio = ($1,000 / $800) × 100 = 125%
Important: Always maintain a collateral ratio above 110% to avoid liquidation.
Minimum Collateral Ratio: 110%
v1ta's 110% minimum collateral ratio is the most capital-efficient in DeFi:
| Protocol | Min CR | Your $1000 Borrow |
|---|---|---|
| v1ta | 110% | $1,100 collateral |
| Competitor A | 150% | $1,500 collateral |
| Competitor B | 200% | $2,000 collateral |
Liquidation
If your collateral ratio falls below 110%:
- Anyone can liquidate your position
- Your collateral is used to repay your debt
- 5% liquidation penalty is applied:
- 0.5% goes to the liquidator
- 4.5% goes to the Stability Pool depositors
Fees
- Borrow Fee: 0.5% on borrowed amount (one-time, added to debt)
- Redemption Fee: 0.5% when redeeming VUSD for SOL
- Liquidation Penalty: 5% of collateral value
Safety Tips
Follow these best practices to keep your position safe:
- Maintain a Healthy Buffer: Keep your CR well above 110% (we recommend 130%+)
- Monitor SOL Price: Watch for price drops that could reduce your CR
- Set Alerts: Use tools to alert you when your CR is getting low
- Understand Liquidation: Know the risks before opening a large position
- Start Small: Test with a small position first
Next Steps
Open a Position
Step-by-step guide to opening your first CDP
Manage Your Position
Learn how to adjust collateral and debt
Stability Pool
Earn rewards by providing VUSD liquidity
Need Help?
- Join our Discord
- Read the FAQ
- Check out Protocol Overview for deeper understanding