Protocol Explainer Series: Vesper Finance
Continuing our exploration of innovative protocols in the DeFi sector, we turn the spotlight to Vesper Finance.
Following our insightful look at Notional Finance’s fixed-rate lending, Vesper introduces a different facet of yield-generating. As compared to Notional’s fixed-term and predictable returns, Vesper Finance broadens the horizon with a platform designed for flexibility and growth across multiple blockchain networks.
Let’s dive right in!
Vesper’s Core Offering: Yield Generation Made Accessible
Vesper Finance’s mission is to simplify yield generation. Through its intuitive suite of products — including Grow, Earn, and Lend pools — Vesper caters to users across the risk spectrum.
The protocol’s multi-chain and strategy approach ensures that a range of users can participate in DeFi, breaking down the barriers imposed by network fees and constraints.
Here’s a short summary of the strategies Vesper offers:
Grow
Grow pools are the heart of Vesper’s promise to help your assets flourish. Deposit your crypto, like ETH or DAI, and watch it grow over time. The strategy here is simple yet effective: your assets are put to work in other DeFi protocols, accruing more of what you deposited. It’s a classic approach to yield farming, where the fruits of your investment get plowed right back into your plot, making it ever more fertile.
IMPORTANT NOTE: At time of writing, Vesper only offers strategies in their Grow Pool. Their Earn and Orbit pools do not have any vaults.
Enhanced by Dezy’s Builder
This is where Dezy’s Builder comes into play, harmonizing with Vesper’s diverse ecosystem. Builder’s integration enables users to fluidly navigate and optimize their interactions with Vesper’s pools, consolidating strategies from other protocols into a single, manageable interface!
Here’s a simple strategy you can consider implementing using Builder:
About Dezy
Dezy brings the power of DeFi to your fingertips enabling you to access more while doing less. Generate yield, batch transactions, earn fees, dollar cost average and more from a simple to use interface.
We believe simple is better and that making DeFi more accessible benefits all market participants. Whether you are native to the space or just getting started, Dezy offers something for you to make your DeFi experience more efficient and rewarding.
