Here you will find answers to common questions about Vicuna Finance, covering topics such as getting started, leveraging yield farming, security measures, governance participation, and more. This FAQ section aims to provide clear and detailed information to help you navigate and maximize your experience with Vicuna Finance. For any additional inquiries or detailed explanations, please refer to our comprehensive documentation.
What is Vicuna Finance?
Vicuna Finance is a decentralized finance protocol native to the Sonic Blockchain that offers borrowing, lending, and leveraged yield farming services.
What is leveraged yield farming?
Leveraged yield farming allows you to borrow additional funds to increase your farming position, amplifying both potential returns and risks. This involves using borrowed capital to farm liquidity pairs, enhancing yield.
How does liquidation work?
Liquidation occurs when the value of your collateral falls below a certain threshold. The protocol may liquidate your position to repay lenders, with 5% of the remaining value going to the liquidator bot. This process ensures the repayment of borrowed funds and maintains platform stability.
What measures are in place to ensure security?
Vicuna Finance undergoes rigorous smart contract audits and implements robust security protocols to protect user funds. This includes continuous monitoring and updates to address potential vulnerabilities.
How can I participate in governance?
You can participate in governance by staking 80/20 ViFi-stS LP's in the governance vault. This allows you to propose and vote on changes to the platform, influencing its development and future directions.
How does Vicuna Finance ensure transparency?
Transparency is maintained through regular updates, detailed documentation, and community governance. Users can access all relevant information and participate in the decision-making process, ensuring an open and transparent environment.
What are the future developments planned for Vicuna Finance?
Future developments include new product launches, expanded partnerships, and technological enhancements. The roadmap outlines upcoming features and improvements designed to enhance functionality and user experience.
