Vyro is live, bringing native stablecoin borrowing to @unichain through vyUSD.
Deposit ETH, UNI, or wstETH. Set your own interest rate. Mint vyUSD, a stablecoin directly redeemable against collateral.
Borrow vyUSD: https://t.co/lKGKHiNEa3
@LiquityProtocol@bluechip_org Claim strength becomes concrete at redemption ๐ค
BOLD and vyUSD holders can redeem directly against collateral, creating a hard floor around the peg instead of relying on size or secondary-market depth.
Vyro's design includes Stability Pools.
One for each collateral market: ETH, wstETH, and UNI.
Each pool holds vyUSD deposits and absorbs liquidations, passing the collateral to pool depositors.
How it works:
Depositors earn from two sources: borrower interest and liquidation gains.
โ Interest is paid in vyUSD.
โ Liquidations are paid in the collateral of that pool. ETH pool pays ETH gains. wstETH pool pays wstETH gains. UNI, in UNI.
You can adjust your Trove in the Vyro App.
Add collateral, withdraw collateral, mint more vyUSD, repay debt, or change your interest rate.
Borrow on your terms: https://t.co/lKGKHiNEa3
A Trove is your borrowing position on Vyro.
Pick and deposit collateral โ set your interest rate โ mint the native vyUSD.
Your collateral stays in your Trove. vyUSD is directly redeemable against it, anytime.
Vyro uses @API3DAO oracles for collateral price feeds.
Accurate pricing keeps liquidations and redemptions working as designed. OEV rewards from oracle usage flow back to the protocol.
NEW: @vyrofinance has adopted Chainlink SVR as its official oracle solution to secure vyUSD, the @LiquityProtocol-based stablecoin native to @unichain.
SVR adoption continues to accelerate, unlocking new revenue streams for DeFi by recapturing non-toxic MEV.
Collateral price feeds on Vyro are secured by @chainlink SVR.
Decentralized oracles, battle-tested across DeFi. Every liquidation and redemption priced accurately.
Vyro is live, bringing native stablecoin borrowing to @unichain through vyUSD.
Deposit ETH, UNI, or wstETH. Set your own interest rate. Mint vyUSD, a stablecoin directly redeemable against collateral.
Borrow vyUSD: https://t.co/lKGKHiNEa3