# VAULT 369

> VAULT 369 is a versatile, multi-collateral decentralized finance protocol on PulseChain (chain ID 369). Users deposit PulseChain collateral and mint VUSD, an over-collateralized stablecoin soft-pegged to $1.00. It is a multi-collateral CDP system in the Liquity lineage: borrow VUSD, earn yield in stability pools, and stake VAULT, with keeper-gated redemptions that defend the peg.

Key facts:
- VUSD: the protocol's decentralized stablecoin, soft-pegged to $1.00.
- VAULT: the protocol/governance token that captures borrowing and redemption fee revenue.
- Collateral assets: wPLS (wrapped PLS), vPLS, uPLS, and PRVX, each with isolated, governance-set risk parameters.
- Minimum collateral ratio (MCR): 110% (per-collateral, DAO-adjustable). Borrowing fee: 0.5% floor (dynamic).
- Liquidations are absorbed by stability pools; depositors earn liquidation collateral, VAULT emissions, and DAI/USDC returns.
- Redemptions are keeper-gated and exchange VUSD for collateral at face value to defend the peg.
- Network: PulseChain (EVM, chain ID 369). Requires an EVM wallet such as MetaMask.

## Pages

- [Borrow VUSD](https://x0dd684f9ce-de93j90ks-intrepidshapes-projects.vercel.app/app/vault/borrow): Open a vault and mint VUSD against PulseChain collateral.
- [Manage vault](https://x0dd684f9ce-de93j90ks-intrepidshapes-projects.vercel.app/app/vault/manage): Adjust collateral and debt; monitor liquidation risk.
- [Stability pools](https://x0dd684f9ce-de93j90ks-intrepidshapes-projects.vercel.app/app/pools/stability): Deposit to earn liquidation gains, VAULT emissions, and DAI/USDC returns.
- [Stake VAULT](https://x0dd684f9ce-de93j90ks-intrepidshapes-projects.vercel.app/app/pools/staking): Stake VAULT to earn a share of protocol fees.
- [Whitepaper](https://x0dd684f9ce-de93j90ks-intrepidshapes-projects.vercel.app/app/whitepaper): Protocol design and mechanism documentation.