Voltage Finance (VOLT) is a decentralized finance (DeFi) protocol built on the Fuse Network. It aims to provide a secure, transparent, and user-friendly platform for users to earn passive income through yield farming and liquidity provision.
The decentralized exchange protocol is accessible to both experienced and new users, focusing on minimizing transaction costs and gas fees. Voltage Finance leverages the Fuse Network’s fast and cheap transactions, allowing users to benefit from high-yield farming opportunities while avoiding high gas fees associated with other DeFi platforms.
The DeFi platform offers staking pools, token swaps, and other DeFi features to maximize users’ earnings potential. The Voltage token (VOLT) is the native token of the platform and is used for governance and staking rewards.
A successful private fundraising round was announced in December, with $2.3 million raised from major institutional investors. A final private round closed in February, bringing the total to $3.4 million.
Voltage Finance is proud and fortunate to be backed by some of the most influential and value-add venture capitals (VC), including Spark Capital, TRGC, Collider Ventures, Genesis Block Ventures, Tectona, Exnetwork Capital, Blockchain Founders Fund, Node Capital, Sheesha Finance, LVT Capital, MVST: MG, AngelDAO, ZBS Capital, MetaVest Capital, Alpha Sigma Capital, and Shima Capital.
Some key features of Voltage Finance are:
The “Swap” tab on Voltage Finance enables token trading by selecting two tokens to exchange. Liquidity Providers stake their tokens in pools, earning LP tokens for VOLT tokens in the “farm.” Trading fees are charged for token swaps, with a portion going to VOLT stakers. In addition, the platform offers StableSwap integration for swapping between stablecoins with low to 0% slippage.
Voltage Finance is a liquidity pool on the Fuse Network that automatically enables users to exchange between VOLT and Fuse tokens. Users can earn a share of the 0.3% trading fee by depositing a pair of tokens into the LP and receiving an LP token representing their share of the LP.
ZAP simplifies providing liquidity for users by allowing them to add liquidity to a liquidity pool with just one token. ZAP swaps half of the token amount needed for the LP, pairs them up with the other token required by the pool, deposits it, and returns LP tokens to the user’s address in one transaction. This eliminates the need for users to have two different tokens in their wallets to add liquidity to a specific pool.
The Yield Farming page on Voltage Finance website explains how to earn yield by depositing Liquidity Pool tokens into a farm. Yield is paid out in $VOLT Tokens. The process involves connecting and confirming your wallet, selecting the two tokens, and selecting the same Farm entered in the pool. They can earn $VOLT rewards from the farm.
Voltage Finance has a convenient native token bridge feature to enable users to move tokens between Fuse, Ethereum, and BNB Chain. Consult the official step-by-step guides to learn more.
Voltage Finance offers a staking protocol known as xVOLT, where users can stake VOLT to earn higher amounts of VOLT in return. The APY for staking is dynamic and is calculated based on the last five days of trading volume on the Voltage platform. A portion of the fee collected from every swap on Voltage’s DEX is converted into VOLT and added to the xVOLT staking pool.
The staked VOLT’s ratio to xVOLT increases as buybacks occur, resulting in users receiving more VOLT than they initially staked when they unstake their xVOLT. Staking can be done by entering the Stake tab, while unstaking is done by entering the Unstake tab after withdrawing xVOLT from the Farm.
VOLT mobile app
VOLT is a non-custodial cryptocurrency app enabling users to control their funds without paying transaction fees, as Voltage DAO covers it. The app lets you easily send and receive funds from phone contacts and make payments. It also offers a simple way to buy and sell cryptocurrency using fiat on-ramps.
The platform provides multiple backup options for secure recovery files, including biometric fingerprint mapping, ensuring you never lose your funds. Moreover, a lethal combination of self-custody, security, gasless transactions, and simple UX makes the VOLT app a compelling choice for new entrants to DeFi.
At writing, the VOLT app is in the waitlist stage, and more than 10,000 people have already signed up for early access when the app fully arrives in early April 2023.
The VOLT token distribution uses a fixed supply, decaying emission model, with 17% of the tokens allocated to VCs and private participants in private rounds with a 108-week vesting period.
All tokens are distributed according to the emission schedule, with a 260-week vesting period for the Team and advisors fund, Partnership and LP provision, Foundation fund, Developers fund, and community incentives.
The Community incentives and Partnerships and LP provision funds are designed to incentivize and grow the community, with the Voltage DAO making decisions over these funds in the future. In addition, the emission schedule for the total supply of VOLT tokens is provided for transparency.
Voltage Finance has a community DAO for its governance, and VOLT is the governance token used to vote on community proposals. Proposals can be posted on the forum, discussed, and clarified with questions until the official DAO platform is established.
Proposals are voted on with VOLT, and each xVOLT token held in a wallet at the time of the snapshot equals one vote, and each VOLT token in a wallet at the time of the snapshot is worth one vote. To be eligible voters, users must have VOLT or xVOLT when the vote is started. A quorum of at least 1 million votes is required for a vote to pass and become binding.
Voltage Finance in summary
Non-custodial wallets and decentralized exchanges like Voltage are seeing increased interest due to several high-profile collapses and failures in the centralized finance world. Moreover, combining familiar user experiences and powerful DeFi features makes Voltage a contender to capture a significant market share once DeFi becomes a mainstream activity.
Building on Fuse allows Voltage to offer a robust, fast and low-cost decentralized crypto exchange with simplified controls for newer users and all the deeper functions required by seasoned traders.