🔰Virtus Protection Fund (VPF)
VPF Outline
Virtus Protection Fund (VPF) is a separate wallet in Virtus’s VAP system.
The Virtus Protection Fund plays a vital role in the Virtus Auto-staking Protocol.
The VPF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the VPF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 10 minutes at a rate of 0.01583% are backed by the VPF parameter, thus ensuring a high and stable interest rate to $VAP token holders.
5% of all trading fees are stored in the Virtus Protection Fund which helps sustain and back the staking rewards provided by the positive rebase. Also, VPF supports and stabilizes the Liquidity pool. This is particularly useful in the event of a sharp sell-off that might drain a liquidity pool.
VPF wallet address: 0x0f8D05230F3ffAa0a989585729F5c2fa587Cf13c
Last updated
