What is Vesta Finance (VSTA)?

Last verified: May 2026

Nothing here is financial advice. VSTA can fall to zero. Always do your own research.

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🟢 Start simple 🟡 A bit more detail 🟣 Full technical

🟢 The simple version

Plain English — no jargon. Start here.

One sentence

Vesta Finance is a Liquity-inspired CDP protocol on Arbitrum where users deposit ETH, GMX, or GLP as collateral to mint VST (a dollar stablecoin) at 0% interest with only a one-time borrowing fee — GLP collateral notably continues earning GMX trading fees while borrowed against.

Liquity model on Arbitrum

Liquity (LUSD): 0% interest, one-time fee, ETH-only, Ethereum mainnet (very mature). Vesta (VST): same 0% interest/one-time fee model but on Arbitrum with broader collateral: ETH, GMX, GLP. Key: GLP earns GMX trading fees (~15-25% APY) while being used as Vesta collateral. Borrow VST against GLP, GLP still earns yield. VST redemption mechanism for peg stability. ~100M VSTA governance. Is VSTA legal in India? Yes. 30% tax, 1% TDS apply.

🟡 A bit more detail

For when you want to go a little deeper.

VSTA vs Liquity

Liquity (LUSD): ETH-only, Ethereum, very battle-tested, among best stablecoin peg stability in DeFi. Vesta (VST): more collateral types including GLP, Arbitrum-native, less mature. GLP as collateral is uniquely powerful — it earns yield while being borrowed against, creating efficient capital use.

🟣 The full technical picture

For the technically curious.

Key facts

Token: VSTA (~100M)
VST: Dollar stablecoin, 0% interest CDP
GLP collateral: Earns GMX fees while borrowed against
vs Liquity: More collateral, Arbitrum, less mature