Volo Staked SUI (VSUI) is a liquid staking token built on the Sui Network, designed to enhance capital efficiency and participation in decentralized finance. By staking SUI tokens, users receive VSUI, which represents their staked assets while maintaining liquidity for use across various DeFi applications.
What Is Volo Staked SUI (VSUI)?
Volo Staked SUI (VSUI) is a liquid staking derivative that allows users to earn staking rewards on the Sui Network without locking up their assets. It combines decentralized governance with liquid staking mechanics, enabling token holders to participate in DeFi activities like lending, borrowing, and yield farming while still accumulating staking yields.
The platform has established significant partnerships with leading DeFi protocols such as Navi Protocol and Ankr, enhancing its security, integration, and usability. With a total value locked (TVL) exceeding $50 million, VSUI has gained substantial trust within the crypto community.
VSUI tokens increase in value over time, reflecting accrued staking rewards. This makes them an attractive option for investors seeking to maximize returns while retaining flexibility.
How Does Volo Staked SUI Work?
VSUI operates on the Sui blockchain, a high-performance network optimized for fast and low-cost transactions. The technology incorporates a Delegated Proof-of-Stake (DPoS) consensus model reinforced with Byzantine Fault Tolerance (BFT), ensuring security and resilience against malicious attacks.
When users stake SUI tokens, they receive VSUI at a 1:1 ratio. These derivative tokens can be freely traded, supplied as liquidity, or used as collateral. The staked SUI contributes to network security, and rewards are distributed by automatically increasing the value of VSUI relative to SUI.
Volo operates as a Decentralized Autonomous Organization (DAO), giving VSUI holders voting rights on proposals and protocol upgrades. This community-driven approach promotes transparency and aligns the platform’s development with user interests.
Developers can audit and contribute to the open-source code via GitHub, fostering innovation and trust. Regular updates and community discussions are also held on social media platforms.
Real-World Applications of VSUI
VSUI extends the utility of staked assets beyond traditional Proof-of-Stake mechanisms. Below are some key use cases:
- Lending and Borrowing: VSUI serves as collateral in DeFi platforms like NAVI Protocol, allowing users to borrow assets without selling their staked positions.
- Yield Farming: Users can provide VSUI to liquidity pools and earn additional yields on top of staking rewards.
- Collateralized Debt Positions (CDPs): VSUI can be used to mint stablecoins or other synthetic assets in protocols like Bucket Protocol.
- Governance: VSUI holders participate in key decision-making processes, influencing the future of the Volo ecosystem.
These functionalities make VSUI a versatile tool for investors and DeFi enthusiasts looking to optimize their crypto strategies. 👉 Explore more strategies for liquid staking
Key Milestones and Partnerships
Volo Staked SUI has achieved several notable milestones since its inception:
- Partnership with Navi Protocol: This integration enabled seamless borrowing and lending using VSUI as collateral.
- Collaboration with Ankr: Improved node infrastructure and staking reliability through decentralized web services.
- Mainnet Launch: Marked the official release of Volo’s liquid staking protocol on the Sui Network.
- Acquisition by NAVI Protocol: In early 2023, NAVI Protocol acquired Volo, further consolidating its offerings in the Sui DeFi landscape.
These developments have strengthened VSUI’s position as a leading liquid staking solution in the Sui ecosystem.
Founders and Team
Volo Staked SUI was founded by a group of seasoned professionals with extensive experience in blockchain and software engineering. Key contributors include:
- Evan Cheng
- Adeniyi Abiodun
- Sam Blackshear
- George Danezis
- Kostas Chalkias
Their combined expertise in cryptography, distributed systems, and DeFi has been instrumental in developing Volo’s innovative staking model.
Frequently Asked Questions
What is the difference between SUI and VSUI?
SUI is the native token of the Sui Network used for transactions and staking. VSUI is a liquid staking token that represents staked SUI, allowing holders to earn rewards while using the token in other DeFi applications.
How do I stake SUI to get VSUI?
You can stake SUI tokens through the Volo platform or supported Sui Network wallets. After staking, you’ll receive an equivalent amount of VSUI tokens.
Can I use VSUI in other DeFi apps?
Yes, VSUI is supported across multiple Sui-based DeFi applications for lending, borrowing, and liquidity provision.
Is Volo Staked SUI secure?
Volo uses audited smart contracts and partners with established infrastructure providers like Ankr to ensure security and reliability.
What is the advantage of liquid staking?
Liquid staking allows users to earn staking rewards without sacrificing liquidity, enabling broader participation in DeFi activities.
Where can I check the live price of VSUI?
The real-time price of VSUI is available on major cryptocurrency tracking platforms that support Sui Network tokens.