what's Vyro Finance?

Vyro Finance is a permissionless DeFi protocol native to Unichain, forked from Liquity V2, providing a complete borrowing and stability system. Users create troves by depositing single-asset collateral such as ETH, wstETH, or UNI, then mint vyUSD—an overcollateralized, redeemable stablecoin—at a fixed interest rate of their own choosing. This market-driven approach eliminates governance-set or algorithmic rates, allowing borrowers to position themselves in a redemption queue ordered by interest rate to manage costs and redemption risk. The protocol pegs vyUSD to $1 through direct redemptions, where holders exchange stablecoin for collateral from the lowest-rate troves first, burning vyUSD and distributing fees. Stability Pools enable vyUSD depositors to earn yields from liquidations and redemptions. VYRO acts as the governance token for directing protocol-incentivized liquidity, while the system prioritizes capital efficiency, non-custodial operations, and unstoppable mechanics.

Vyro Finance launched on Unichain, enabling vyUSD borrowing via collateral & Uniswap liquidity.