Overview

Vanna is a dual-sided DeFi protocol designed for both liquidity providers (LPs) and traders, offering a seamless trading experience with composable leverage and chain abstraction.

For Liquidity Providers (LPs): Higher Yields

Liquidity providers supply assets to Vanna’s lending pools, where they can earn higher yields compared to traditional platforms like Aave or Compound. Vanna’s risk management system ensures LPs are protected, with liquidations handled efficiently to prevent losses. LPs benefit from the demand for leverage by traders, earning competitive returns without facing unnecessary risks.

For Traders: Access to Undercollateralized Leverage

Traders on Vanna can unlock up to 10x leverage by borrowing against collateral such as native tokens, Real-World Assets (RWAs), NFTs, Liquid Staking Tokens (LSTs), and Liquid Restaked Tokens (LRTs). These undercollateralized loans act as a margin balance, enabling traders to deploy funds across various DeFi markets.

Margin Account Abstraction

Vanna’s Margin Account Abstraction refers to the underlying system that allows traders to borrow against collateral (such as native tokens, RWAs, NFTs, LSTs, etc.) and manage this borrowed capital as a margin balance. This margin balance can be used to open leveraged positions across various markets, without the need for separate wallets or manual management of different pools of funds. It abstracts away the complexity of managing multiple types of collateral and borrowed funds in one unified account, making it easier for users to deploy capital across DeFi.

Composable Leverage

Composable Leverage refers to the ability to take the margin balance from the Margin Account and deploy it across multiple DeFi markets (like perpetuals, options, spot trading, yield farming, etc.) in a flexible and interconnected way. Composability means that users can combine and utilize their margin balance across various protocols, creating diversified strategies, all within the same system.

Precision Trading with the Greeks Dashboard

Vanna’s Proprietary Greeks Dashboard provides real-time insights to help traders manage risk and optimize positions. It supports advanced strategies such as directional trades, hedging, volatility plays, and spreads while enabling precision in tracking options Greeks and managing delta-neutral positions.