Vesper Finance is a DeFi platform built around algorithmic lending strategies, or what some people call smart yield accounts. Users pool capital together into “grow pools’’ that get deployed into a unified strategy. The interest that gets generated by those strategies is then used to purchase more of a given pool’s deposit token (e.g. USDC), which creates returns for users.
At the time of writing, Vesper offers three incentivized pool options — USDC, WETH, and WBTC. They also have a DAI pool and a pool for their own VSP token, which earns yield through buybacks based on the revenue generated by the platform. To participate in these pools, you can find the Vesper app here.
On February 17th, Vesper launched their liquidity mining program using two Geysers, one to incentivize liquidy on Uniswap here and another to incentivize liquidity on SushiSwap here. The Uniswap LP Geyser has a duration of one year, a multiplier of 3, and 400,000 VSP tokens being offered as rewards (worth $18,000,000 at the time of writing). The SushiSwap LP Geyser has a duration of one month and 110,000 VSP tokens being offered as rewards (worth $5,000,000 at the time of writing).
We’re excited to follow Vesper’s growth over the coming months as the team is doing amazing work to make DeFi accessible for normal users. For more information please see their website and Twitter account.
“Ease-of-use plays a large role in the design and strategy of Vesper. Geyser offered an effective solution to rewarding our liquidity providers and similarly gave us a tool that we could interface with rather than dedicating resources to a ground-up solution.”
Jordan Kruger, Co-Founder, Vesper Finance
Disclaimer: GYSR is not associated with any of the projects we profile in our spotlight series and these posts should not be seen as endorsements. We encourage readers to do their own research.
