Valas Finance

Valas is a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralised (perpetually) or undercollateralised (one-block liquidity) fashion. The Valas protocol has no governance and no VCs, instead it features a design where platform fees is shared between liquidity providers and VALAS token stakers and lockers. The protocol will always be permissionless for everyone to use on the same basis. Valas is powered by the VALAS token. VALAS stakers earn protocol fees, VALAS lockers earn protocol fees as well as exit penalties from users who exit their vests early.