Volt Protocol Labs, Inc.
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Volt Protocol Labs, Inc. - overview
Established
2021
Location
San Francisco, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2021 by Kirk Hutchison, Volt Protocol Labs, Inc. operates as a decentralized savings and credit system that allows its users to manage and grow their money. In April 2022, Volt Protocol raised USD 2 million in seed funding, co-led by Framework Ventures and Nascent Ventures. Volt Protocol offers a platform built on the Ethereum blockchain to track the Consumer Price Index (CPI) and leverages the Chainlink oracle to transmit the CPI data to the Volt smart contract, where it is stored.
The protocol ensures the stability of its stablecoin through collateral backing, which consists of loan positions and stablecoins held in a peg stability module (PSM). The protocol also undergoes continuous code reviews, both from external and internal sources, to ensure the utmost security. Additionally, Volt has implemented an audit program to maintain the integrity of the system.
Current Investors
Nascent Ventures, Framework Ventures
Primary Industry
Software
Sub Industries
Accounting/Finance Software
Website
www.voltprotocol.io
Verticals
Blockchain, Blockchain
Company Stage
Angel & Seed
Total Amount Raised
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