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 Lesotho
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 Advcash, SEPA, Faster Payments, or PIX payment gateways 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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Landlocked Lesotho, often known as the Kingdom of Lesotho, is an exclave of South Africa. South African rand (R) and Lesotho loti (L) are the country's official currencies. The total population of Lesotho is 2,180,967 (2022). It takes less than 10 minutes to buy Vesta Finance(VSTA) and other cryptocurrencies in Lesotho using the Bitget peer-to-peer network and other methods of crypto deposit.
English and Southern Sotho are both official languages in Lesotho. Both the Bitget website and app are available in English.
Beautiful cities like Maseru, Teyateyaneng, Mafeteng, Hlotse, and many others can be found in Lesotho. The greatest cryptocurrency trading platform in Lesotho is Bitget exchange, no matter where you are.
The climate of Lesotho is typically categorized as temperate with alpine features. The nation has warm summers and rather chilly winters. Mostly as a result of the greater elevations, temperatures tend to be lower than in other nations at comparable latitudes. The landscape consists primarily of highland plateaus, hills, and mountains. The only country in the world that is entirely over 1,000 meters in altitude is Lesotho. The highest lowest point of any nation in the globe is located there, at 1,400 meters.
Every year on October 4, Lesotho marks the day the country gained independence from the British in 1966 by celebrating Independence Day. The Maluti Mountains, Gates of Paradise Pass, Royal Palace, Maletsunyane Falls, Semonkong, and Liphofung Caves are just a few of the stunning sights in Lesotho. In Lesotho, Bitget is the most popular cryptocurrency exchange.