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 for the Nitro update. We have a great news for you: it is the good time to unveil you our new project: V-Key.
V-Key is short for Vesta-Key, which is fitting for all of our dear Vestals. With these, you may unlock further utility and yield. V-Key will ensure a brighter burning hearth for all members of the Temple of Vesta.
You might ask what are the benefits for you? In the next days, you will be able to discover, or maybe rediscover, our protocol by completing a mission. The accomplishment of this task will grant you the right to mint an exclusive NFT for free.
How to qualify?
The program will be live from July 4, 2022 to July 30, 2022 12:00 PM Pacific Time. Your mission is to explore the main functionality of Vesta:
- Open vault(s) with the collateral(s) of your choice and mint VST. Please structure your vault accordingly so you don’t get liquidated. Please note that this step is optional if you already have vault(s) with Vesta.
- Provide the same amount of VST into the VST-FRAX Curve pool
- Stake the VST-FRAX Curve pool token into the Frax Gauge on Vesta or Frax and keep it in there for at least 7 days straight within the program timeframe
For a step-by-step tutorial on how to open a vault and staking into the Frax gauge, please visit this tutorial.
There are 3 tiers of NFT you may qualify for, which depends on the amount of VST you mint + stake. Suppose that the amount you have minted + staked is x, the NFT you will qualify for will be:
- Silver: 420 VST < x < 3,600 VST
- Rose Gold: 3,600 VST < x < 10,000 VST
- Gold: x > 10,000 VST
Please note that, to be eligible for the NFT, you’ll have to mint the above amount, and also stake at least that amount into the Frax gauge, for 7 days straight. If you minted 420 VST but only staked $400 worth of LP into the gauge, you will not be eligible.
You may stake at anytime during this program, as long as you stake for 7 days straight within the program duration. Users that have previously staked, and are still actively staking in the Frax Gauge qualify as well.
How to mint?
Minting window will be open after the program finishes.
How do I know that my stake in counting toward the mint?
You’ll be able to see your status on our website. We’ll release the page soon.
What’s the benefit?
Each NFT will give access to different exclusive rewards that will be specified in the near future, from lottery tickets to special in-person event invitation.
More question? Join us on Discord: https://discord.gg/vestafinance
Happy minting and ave Vesta!
Follow us on Twitter: @vesta_finance
Follow us on Medium: Vesta Finance
Join our community on Discord
