V-Key Forging Tutorial & FAQ

Vesta
2 min readJul 5, 2022

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Follow this tutorial to first mint VST and stake it into the Frax gauge.

At this point, our backend will have automatically noticed your stake, and will start counting your 7-day. You may visit https://vestafinance.xyz/collectibles and click on FORGE to see your status.

Once you click the FORGE button, a modal will show that shows your current status. If your staking is successful, the modal will show that Your V-Key is forging…

If your minting and staking is successful, the modal will show that Your V-Key is forging…

And voilà! You are done. Once your 7 days is done, you may unstake your capital (but why would you? There’s the juicy FXS APR from the Frax gauge!) and come back to https://vestafinance.xyz/collectibles to claim your NFT at the end of the program (July 30, 2022).

V-Key FAQ

If I previously opened a trove, will my position be eligible?
Your trove will count so you won’t need to open a new trove. However do remember that you still need to deposit it into the VST-FRAX pool and stake it into the Frax gauge.

When do I get the NFT?
As long you meet the staking requirement (staking for 7 days straight during the program duration), you will be able to claim it after the program finishes.

Where can I claim the NFT?
You’ll be able to claim it on our website at https://vestafinance.xyz/collectibles.

How are the 7 days counted?
Where may I trade the NFT? You’ll be able to trade the NFT on TofuNFT and eventually OpenSea once we enable the NFT to be cross-chain.

How much should I provide to Curve?
The number of VST asked for your desired tier. Again, $420 for Silver, $3600 for Rose Gold, and $10000 for Gold.

What if I stake more than I minted?
You may stake however much but please note that the less of the two between amount minted and amount staked will be taken will calculating which tier you qualify for.

Is it mandatory to stake on Frax Gauge?
Yes it is. It is currently giving out 10% APR in FXS reward!

When moon?
This NFT is purely traded based on market activity so we do not have any comment on its pricing.

Do I get an airdrop?
There isn’t any financial benefit attached to this NFT.

Why should I do all of this?
This NFT will potentially be a part of our VSTA staking program in the future.

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Vesta

Vesta is a Ethereum-based over-collateralized lending protocol.