This document acts as a light overview over the main components that comprise of the Virtual Finance protocol. This protocol is a combination of several existing DeFi primitives as well as our own novel DeFi primitive.
Fig.1 Virtual Finance Protocol Overview
In Fig.1 the Diagram highlight several modules
The virtualizer accepts USD stablecoins and mints vUSD 1:1. This is a relatively simple token wrapping contract that mints new vUSD when stablecoins collateral is deposited. Likewise when the vUSD is unwrapped, the vUSD is burned and the stablecoins collateral is withdrawn.
Fig.2 Digram illustration collateral deposit and withdrawal from Virtualizer