TVL$14.2M
vUSD Supply8,140,000
Active Vaults312
WETH / USD$3,100
Min CR110%
Borrow Fee0.5%
Liquidations (24h)6
SP Deposits$4.8M
VLEND Supply100,000,000
TVL$14.2M
vUSD Supply8,140,000
Active Vaults312
WETH / USD$3,100
Min CR110%
Borrow Fee0.5%
Liquidations (24h)6
SP Deposits$4.8M
VLEND Supply100,000,000
Live on MegaETH Mainnet

Borrow
Without
Limits

Deposit WETH. Mint vUSD. Keep full exposure to your collateral while unlocking liquidity at a minimum 110% collateral ratio.

Open App →How it works
$0MTotal Value Locked
0MvUSD in Circulation
0Active Vaults
0%Minimum CR
SCROLL
Protocol mechanics

Simple by design.
Powerful by nature.

🔒
Deposit Collateral
Lock WETH into your vault. Your collateral stays in your vault — no pooling, no counterparty exposure.
WETH · Chainlink Oracle
⚡
Mint vUSD
Borrow vUSD against your collateral at a minimum 110% CR. One transaction with the VaultFactoryZapper.
0.5% borrow fee
📊
Manage Your Vault
Monitor your health factor in real time. Deposit more, repay debt, or redeem — all from one dashboard.
HF · Health Factor
💎
Earn with VLEND
Stake vUSD in the Stability Pool to backstop liquidations and earn WETH + VLEND rewards passively.
Stability Pool
What sets us apart

Every edge case. Covered.

vLend was engineered for MegaETH's high-throughput environment. Every mechanism — from liquidations to the stabilizer — is designed for speed, fairness, and capital efficiency.

🏦
Vault-Based Isolation
Each vault is a standalone smart contract. Your position never mingles with other users' collateral.
⚖️
Two-Path Liquidations
Stability Pool absorbs debt first. If insufficient, a Dutch auction gives bidders a fair shot at discounted collateral.
📉
Dutch Auctions
Price decays linearly over 2 hours. Wait longer for a better discount — or bid early to guarantee the win.
🔄
Redemption Mechanism
When vUSD trades below peg, anyone can redeem against at-risk vaults at MCR — enforcing the $1 floor.
🔗
Peg Stabilizer
Mint or burn vUSD 1:1 against USDm. Keeps the peg tight from both sides. Zero slippage, instant execution.
⚡
VaultFactoryZapper
Create a vault, deposit collateral, and borrow vUSD — all in a single transaction. No multi-step UX friction.
Tokenomics

VLEND.
The governance layer.

100 million VLEND tokens govern the protocol. Stake, earn, vote. Every parameter — from the borrow fee to collateral types — is decided on-chain.

Community / Stability Pool Rewards40%
Team & Advisors (2yr vest)20%
Ecosystem / Grants20%
Protocol Treasury15%
Public Launch5%
0MTotal Supply
What's next

Built to last.
Expanding to lead.

From MegaETH to Ethereum mainnet — a protocol built for the long game.

✓ Completed
Protocol Launch
Core lending infrastructure live on MegaETH mainnet with full vault mechanics, stability pool, Dutch auctions, and the stabilizer.
✓Vault-based borrowing (WETH → vUSD)
✓Stability Pool with VLEND rewards
✓Two-path liquidations + Dutch auctions
✓vUSD Stabilizer (USDm peg maintenance)
✓VaultFactoryZapper (1-tx onboarding)
✓Full dApp UI — all 6 pages
⬤ In Progress — Q2 2025
Liquidity & Token Launch
Bootstrap vUSD liquidity and officially distribute VLEND to the community through a public launch.
→Launch vUSD/USDC Uniswap v3 pool
→Seed $500K initial liquidity via treasury
→VLEND public launch via launchpad (5M tokens)
→VLEND/ETH pool & initial price discovery
→Liquidity mining incentives for vUSD LPs
Q3 2025
Governance & Collateral Expansion
Decentralise protocol control. Add new collateral types to attract a broader user base and grow TVL.
◦On-chain governance via VLEND token
◦Add stETH / wstETH as collateral
◦Add cbETH and rETH support
◦Collateral-specific risk parameters via governance
◦Borrow rate governance module
Q4 2025
Advanced Strategies
Power-user primitives that unlock sophisticated DeFi strategies on top of the vLend base layer.
◦Leverage loops — auto-compound borrow positions
◦Zap from any token into vault collateral
◦vUSD yield strategies (deploy idle vUSD)
◦Vault migration tooling (move between chains)
◦Automated health factor alerts & guardian bots
Q1 2026
Ethereum Mainnet
Bring vLend to the biggest DeFi market. Full protocol deployment on Ethereum L1 with native integrations.
◦Protocol deployment on Ethereum mainnet
◦Curve vUSD/3pool integration
◦Cross-chain VLEND governance bridge
◦Protocol security audit (Tier 1 firm)
◦Bug bounty program — up to $500K
2026 +
Multichain. Unstoppable.
Expand beyond Ethereum. Make vUSD a cross-chain stablecoin. Position VLEND as the governance backbone of a multichain lending network.
◦Deploy on Arbitrum, Base, Optimism
◦LayerZero cross-chain vUSD bridge
◦Real-world asset (RWA) collateral support
◦DAO full decentralization milestone
◦vLend v2 — unified multichain liquidity

Start now

Your collateral.
Your liquidity.

Join 312 vaults already borrowing on MegaETH.

Open App →View on GitHub