#Vaulta Vaulta is the new identity of the EOS Network, marking a significant transformation from its original blockchain roots into a comprehensive Web3 banking platform.
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🧑💼 Vaulta
Vaulta is led by Yves La Rose, who serves as the Founder and CEO. Previously, La Rose was instrumental in the EOS ecosystem through the EOS Network Foundation (ENF), which took over the network's development after its separation from Block.one. Under his leadership, Vaulta aims to integrate decentralized finance (DeFi) with traditional banking systems, focusing on compliance, scalability, and financial inclusivity.
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🏦 What Is Vaulta and How Does It Work?
Vaulta represents a strategic pivot from EOS's original vision, evolving into a Web3 banking infrastructure designed to bridge the gap between decentralized technologies and traditional financial services.
Key Features:
1-Second Finality with Savanna Consensus: Vaulta employs the Savanna consensus algorithm, enabling transactions to achieve finality in one second, which is crucial for financial-grade applications.
exSat Integration: Through the exSat virtual chain, Vaulta offers Bitcoin-native yield opportunities, allowing users to stake BTC and earn returns, thereby integrating Bitcoin into its financial ecosystem.
Tokenization of Real-World Assets (RWAs): Vaulta facilitates the tokenization of assets like real estate and equities, making them divisible, tradable, and globally accessible, thus enhancing liquidity and investment opportunities.
Banking Advisory Council: To navigate the complex regulatory landscape, Vaulta has established a council comprising experts from both traditional finance and the Web3 sector, aiming to ensure compliance and build trust.
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🔄 EOS to Vaulta Token Swap
A token swap is scheduled to commence in May 2025, allowing EOS token holders to exchange their tokens for Vaulta tokens at a 1:1 ratio. This process will be facilitated through a dedicated swap portal and is expected to run for four months.
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📈 Market Impact
Following the announcement of the rebranding, the EOS token experienced a 30% price surge, reflecting market optimism about Vaulta's new direction and its potential to rejuvenate the network's relevance in the evolving crypto landscape.
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Vaulta's transformation signifies a bold step towards integrating decentralized technologies with traditional financial systems, aiming to offer scalable, compliant, and inclusive financial services in the Web3 era.
