Deposit yield-bearing collateral and mint vorUSD against it. The protocol harvests your collateral's staking yield and applies it toward your interest, so when yield covers the rate, you never pay out of pocket.
Built on Base. In development, launching with guarded caps.
You supply collateral that already earns staking yield. Velor puts that yield to work against what you borrow.
Supply yield-bearing collateral such as wstETH or cbETH. Each collateral is held in its own isolated market.
Mint vorUSD against your deposit. Interest rates are set per user and professionally managed by default.
The protocol harvests your collateral's staking yield and applies it toward your interest. When yield covers the rate, you pay nothing out of pocket.
Deposit vorUSD into svorUSD, a savings vault paid from a fixed share of real protocol revenue. The yield is variable, and it moves with how much the protocol earns. It is funded by construction from protocol income, never from token emissions.
Every vorUSD is backed by more than $1 of collateral and is redeemable at any time.
Exits are never pausable. Upgrades are queued publicly for 30 days with an onchain exitCheck that anyone can watch.
The token and the emergency settlement mechanism can never be changed by anyone.
Each collateral type carries its own risk, ring-fenced from the others.
Before mainnet, Velor plans two independent audits, a public contest, and a standing bug bounty. Launch is guarded and capped in size. None of this is claimed as complete.
Two independent audits are planned before mainnet. No audit exists yet.
A public audit contest plus a standing bug bounty are planned to run before launch.
Mainnet opens at a capped size, with limits raised deliberately over time.
Tokenized equities are live on Base through Backed and Dinari; Velor's contracts ship equity-ready, with activation gated on liquidity, gap-risk backtests, and counsel.