Valas is a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralised (perpetually) or undercollateralised (one-block liquidity) fashion.
Valas Finance is a lending and borrowing market on BNB Chain (formerly known as Binance Smart Chain or BSC) based on one of the largest DeFi protocols: AAVE
AAVE has grown to become one of the most respected and secure protocols in the space but Valas wants to do things differently. The Valas protocol has no governance and no VCs, instead it features a design where platform fees is shared between liquidity providers and VALAS token stakers and lockers. The protocol will always be permissionless for everyone to use on the same basis.