Voltage Finance – Exchange Review

Snapshot

Voltage Finance (FuseFi) is a DeFi protocol on Fuse Network, combining swaps, yield farming, lending, staking, stablecoin, perps and cross-chain bridges. It uses the VOLT token for governance and rewards. TVL sits at around $707K, while token trading volume fluctuates between $160K-220K daily.

First Impressions

The user interface is intuitive – plug in a wallet and access swaps, liquidity pools, staking, lending and perps. No account or KYC required. It presents as a full-stack DeFi platform blending features found on both AMMs and lending platforms.

Core Features

Multi-Module DeFi

Voltage offers swaps, yield vaults, lending, staking on ETH or USDC, perps, cross-chain bridges and stablecoin issuance. It aims to serve as a one-stop DeFi destination.

Audited Smart Contracts

Audits by QuillHash cover staking modules, stableswap forks, fUSD bridge and Liquid staking (sFuse). Findings include reward logic fixes and stronger flash-loan protections.

Liquid Staking and fUSD

Users can deposit ETH or USDC to earn yields and receive sFuse or fUSD in return – options not common on Fuse chain but popular in other ecosystems.

Volume, TVL and Token Metrics

• TVL: ~$707K across staking, vaults and liquidity pools
  
• Token price and volume: VOLT trades around $0.000086, with ~220K USD volume daily
  
• Token supply: Max 10B, Circulating ~4 B, FDV ~$792K
  

The protocol handles modest liquidity – enough for small to mid-size DeFi use, but too limited for high-value or institutional flows.

Security and Risks

Past Exploits

• March 2022 exploit: A reentrancy vulnerability drained ~$4.7M, linked to misuse of ERC677 tokens
  
• March 2025 incident: ~$322K withdrawn from staking pools via compromised proxy contracts
  
• Hacker activity: Stolen ETH (~$182K) was later mixed through Tornado Cash
  These incidents show the protocol is battle-tested but still susceptible to vulnerabilities.
  

Audits and Mitigations

QuillHash audits in 2022 addressed key weaknesses – correcting reward logic and strengthening against flash-loan attacks. While comprehensive, most audits were done 1-2 years ago – updates may be needed post-2025 exploits.

Decentralization

No custodial risk exists – users retain their keys. Smart contracts are largely immutable, and the protocol has a guarantee fund and collateral safeguards.

Pros and Cons

Pros:

• Rich DeFi feature set on Fuse – swaps, perps, staking, lending, stablecoin issuance
  
• Audited smart contracts with mitigations applied
  
• Non-custodial and permissionless access
  
• Community-driven governance via VOLT token
  

Cons:

• Modest TVL and trading volume limit scalability
  
• History of exploits and ongoing smart contract risks
  
• Audits age-dated – need reassessment post incidents
  
• No fiat bridge or fiat on-ramp
  
• Interface lacks mobile app or dedicated support channels
  

Ideal Users

DeFi enthusiasts comfortable with smart contracts who want a multi-product platform on Fuse. It suits experimental trades, yield strategies or small perps bets. Not for institutional capital, high-stakes lending or anyone looking for audited, enterprise-level safety.

Final Word

Voltage Finance is an ambitious, feature-packed DeFi suite on Fuse – audited, innovative, and non-custodial. Yet its history of hacks and modest liquidity make it risky. Treat it like a powerful DeFi lab rather than a polished financial platform. Use small amounts, monitor governance updates, and wait for refreshed audits. For DeFi builders and yield chasers, Voltage offers a lot – just navigate with care.