TVL$12.61
vUSD Supply13
Active Vaults3
WETH / USD$1,943.24
Min CR110%
Borrow Fee0.50%
Liquidations (24h)--
SP Deposits$10.00
VLEND Supply15,000,000
TVL$12.61
vUSD Supply13
Active Vaults3
WETH / USD$1,943.24
Min CR110%
Borrow Fee0.50%
Liquidations (24h)--
SP Deposits$10.00
VLEND Supply15,000,000
Live on MegaETH Mainnet

Borrow
Free.
Forever.

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

Open dApp →Documentation
$0Total Value Locked
0vUSD 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. Deposit & Mint in one transaction.
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 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.

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

Community / SP Rewards35%
Ecosystem / Grants20%
Protocol Treasury20%
Public Launch15%
Team10%
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 2026
Liquidity & Token Launch
Bootstrap vUSD liquidity and officially distribute VLEND to the community through a public launch.
→Launch vUSD/USDC Uniswap v3 pool
→Seed $100K initial liquidity via treasury
→VLEND public launch via launchpad (2,250,000 VLEND)
→VLEND/ETH pool & initial price discovery
→Liquidity mining incentives for vUSD LPs
Q3 2026
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 wstETH as collateral
◦Add BTC.b / LBTC (Lombard Bitcoin) as collateral
◦Add USDm as collateral
◦Collateral-specific risk parameters via governance
◦Borrow rate governance module
Q4 2026
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 2027
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
2027 +
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 dApp →View on GitHub