Varla Token
✦ Key Takeaways
- Total supply — 1,000,000,000 (1 billion) tokens, fixed, no inflation
- 30% to community — via Varla Gems airdrop program
- Governance — vote on risk parameters, fee structures, and protocol upgrades
- Utility — fee sharing, insurance staking, liquidation boosts
Token Basics
| Property | Value |
|---|---|
| Token Name | Varla Token |
| Symbol | $VRLA |
| Total Supply | 1,000,000,000 |
| Token Standard | ERC-20 |
| Chains | To be announced |
ℹ How voting works with vesting
VRLA uses OpenZeppelin's ERC20Votes standard (delegation + snapshots). Tokens held in a
VestingWallet are locked and cannot vote until they are released to the beneficiary.
Core Functions
1. Governance
VRLA holders can vote on protocol parameters including:
| Category | What can be governed |
|---|---|
| Risk parameters | LTV tiers, liquidation thresholds, dust limits |
| Interest rate strategy | Optimal utilization, rate slopes |
| Protocol caps | Deposit caps, borrow caps per chain |
| Oracle settings | Staleness thresholds, early-closure windows |
| Treasury allocation | Grants, partnerships, ecosystem growth |
2. Utility
| Function | Description |
|---|---|
| Fee sharing | Share of protocol reserve (10% of borrower interest) |
| Insurance staking | Stake VRLA in Insurance Fund for additional yield |
| Liquidator boost | Higher liquidation bonuses for VRLA stakers |
| Fee discounts | Reduced borrow rates for holders (planned) |
3. Community Ownership
30% of total supply (300M tokens) is allocated to the community through the Varla Gems airdrop program — rewarding early adopters and active users.
ℹ No pre-mine for insiders
Team tokens are subject to cliff and vesting. No tokens are liquid at launch for team/investors.