What is Vesta Finance (VSTA)?
Vesta Finance is a decentralized lending platform for collateralized stablecoin on Arbitrum. The platform enables users to obtain maximum liquidity against their collateral. Being on Arbitrum enables Vesta Protocol to deliver fast and efficient transactions, making it a great choice for all kinds of users.
How Vesta Finance (VSTA) Works
Vesta Finance allows users to issue stablecoin VST and send them straight to an Ethereum wallet by locking up collateral. The tokens are designed to maintain a value of $1 and are algorithmically controlled through a variable interest fee. The system regularly updates the price of the collateral against USD via a decentralized data feed, and if a vault falls below a minimum collateralization ratio of 110%, it is considered under-collateralized and vulnerable to liquidation. The VST-ETH exchange rate has a hard price ceiling at $1.1 due to the system's design, which creates an arbitrage opportunity for borrowers when the exchange rate exceeds that level. When VST falls below $1, the Vesta Reference Rate rises sharply, increasing the cost of holding VST. This prompts people to buy back VST, pay off their loans, and close their vaults, leading to a decrease in the amount of VST in circulation and an increase in its price.
VSTA is the governance token of the platform that can be used to determine different parameters regarding the stablecoin VST, such as minting fee, redemption fee, liquidation fee, and liquidation ratio.
How Many Vesta Finance (VSTA) Tokens Are in Circulation?
VSTA’s total supply: 100,000,000
VSTA’s circulating supply: 9,890,465
How to Buy Vesta Finance (VSTA)
Consider investing in Vesta Finance (VSTA)? It only takes 2 minutes to create an account on Bitget and start trading VSTA.
Check out the available VSTA trading pairs on Bitget!
Spot market
Vesta Finance (VSTA) Resources
Simple 3-step guide to buying VSTA today in Ireland
Create your free Bitget account
Select a funding method
Complete your Vesta Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Vesta Finance using a payment method of your choice:
Buy Vesta Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Vesta Finance order.
How to buy crypto with credit/debit cardBuy Vesta Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Vesta Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Vesta Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Vesta Finance order.Buy Vesta Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Vesta Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Vesta Finance in your Bitget spot wallet
Bitget—where the world trades Vesta Finance
How to buy Vesta Finance for free
- Learn how to earn Vesta Finance for free through the Learn2Earn promotion
- Earn free Vesta Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Vesta Finance airdrops by joining ongoing challenges and promotions
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FAQ
Can I buy $1 worth of Vesta Finance?
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Ireland (formally known as the Republic of Ireland) is a country located in northwestern Europe, and it is the only country that has a land border with Northern Ireland of the UK and the other three sides with the Atlantic Ocean. The country has a population of 5.1 million people, with almost 20% of the population living in Dublin. Ireland, as a developed country, has ranked among the highest in the world, including healthcare, economy, freedom of the press, etc., and it has become a member of the European Union since 1973. The official language of Ireland is Irish and English, which English is fully supported by both Bitget app and website. The currency of Ireland is Euro (EUR).
Bitget offers secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services. Whether you are in Dublin, Cork, or Limerick, Bitget is ready to serve you with all kinds of needs in cryptocurrencies.
Dublin, as the busiest city in the country, has also attracted many tourists to visit each year. Grafton Street is filled with flower shops, buskers, and performance artists on the streets and you will be welcomed by friendly, chatty service no matter where you go.