Versa Stable Dollar

VSD – Versa Stable Dollar VSD is a USD-pegged stablecoin on PulseChain, issued by the VersaVault borrowing protocol, which is based on Liquity's design. Users mint VSD by locking PLS, WETH, PLSX, INC, HEX or PRVX in a Vault. There's no ongoing interest, only a one-time borrowing fee of 0.5% to 5%. Every VSD is backed by at least 110% collateral. Stability Pools absorb liquidations and keep each market solvent. Each collateral type runs as its own isolated market, so risk in one market doesn't spread to the others. Any holder can redeem 1 VSD for $1 of collateral, minus a small fee. If VSD trades below $1, buying and redeeming it is profitable, which pushes the price back toward $1. VSD holders can also deposit in the Stability Pools to earn liquidation gains and VRSA rewards, or provide liquidity in the VSD/DAI farm.