Vyro is a decentralized borrowing protocol deployed on Unichain that allows users to take out interest-bearing loans in vyUSD, a USD-pegged stablecoin, against overcollateralized positions. Supported collateral types include ETH, wstETH, and UNI. The protocol operates as a collateralized debt position (CDP) system built on a fork of the Liquity V2 architecture, enabling non-custodial, permissionless borrowing without reliance on centralized intermediaries. Loans are issued directly against on-chain collateral, and positions are managed through smart contracts that enforce collateralization ratios and liquidation thresholds programmatically. vyUSD is minted upon opening a trove and repaid to close or reduce the position.
Where is Vyro vyUSD available for purchase?
You can exchange VYUSD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Vyro vyUSD is Uniswap V4 (Unichain), notably the VYUSD/USDC pair, which saw a trading volume of $ 417.72 in the past day.