Volt Protocol is a decentralized savings and credit system. These documents and Volt Protocol itself are a work in progress -- join us on Discord to ask questions and get involved.
VOLT is a yield bearing stablecoin that users can mint or redeem using DAI, USDC, or other stablecoins in the future. VOLT is like a deposit in a yield aggregator vault or a lending pool, except it isn't specific to any single stablecoin. Instead, the backing is optimized among denominations and venues in pursuit of the best rates. Doing this in a credibly neutral way at scale is the goal of market governance.
VCON is the governance token, not yet live, which represents a share of the surplus buffer. Any losses taken by the protocol are absorbed first by the surplus buffer, and VCON auctions will be used to recapitalize when the buffer is too low.