The banking system was impacted by the bank run resulting from the collapse of Silicon Valley Bank last week, and the effects have even reached the crypto-ecosystem. The second-largest stablecoin, USDC, de-pegged and hit a low of $0.88. This situation has led to the depeg of FRAX, which is mainly…

Celebrate with us, Vestals! Today marks a momentous occasion as we commemorate our first anniversary. With a mission to drive lasting impact, we set out on a journey to create long-term value through financial innovation. And what a journey it has been! Although there have been challenges along the way…

In the last few weeks, we have seen a slight de-peg of VST due to onboarding of popular collaterals, which led to numerous redemptions. The redemption function was intended as the main mechanism to defend peg by allowing holders of VST tokens, including those who have purchased VST in a…

The much anticipated GLP vault is finally going to go live. On September 13 at 5 PM Pacific Time, we are going to open the GLP vault with 3m VST mint cap. …

Ave dear Vestals, Vesta is an Arbitrum-native stablecoin lending protocol. Despite being live on Arbitrum, Vesta was unfortunately not selected for the Arbitrum Odyssey. But… We did not want to leave our beloved Vestals empty-handed. Moreover, Odyssey has been paused due to network congestion and all Arbinauts are patiently waiting…

Curia stems from ancient Rome, and usually refers to assembly, council, or court, in which public, official, or religious issues are discussed and decided. In medieval times, a king’s council was often referred to as a curia. Today, the most famous curia is the Curia of the Roman Catholic Church…

Two of the largest problems facing DeFi today are capital efficiency and decentralization. With stablecoins this is especially relevant. The most popular stablecoins on Ethereum and other chains today are either heavily overcollateralized, limited in minting size, and/or backed by centralized collateral seizable by governments and institutions. …

In the current fractional reserve system, banks play a big part in the expansion and reduction of the money supply. People deposit money into banks in hopes of keeping their money safe as well as earning a return on it. …