# Welcome to Valas ## What is Valas? 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. ![](https://2197163487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcglN0O7Ul5igsE7UlBBU%2Fuploads%2FSVLrERKByySm3SeAfvrp%2FVALAS%20Platform%20Fees.png?alt=media\&token=bec403d2-eceb-475b-bf0b-7477d1617d13) ## Why Valas? 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. ## Links * Website: * Twitter: * Telegram: [t.me/valasfinance](https://t.me/valasfinance) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.valasfinance.com/welcome-to-valas.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.