Coming Soon: Vesper Orbit!

Launching on Tuesday, Nov. 23, Vesper Orbit delivers yield opportunities for new, exciting, emerging tokens.

Vesper Finance
Nov 19 · 2 min read

Starting Tuesday, Nov. 23, users can deposit and start earning through Vesper Orbit’s official online app, orbit.vesper.finance. The first Vesper Orbit pools support the stablecoins for Frax Protocol (FRAX), Fei Protocol (FEI), and Alchemix (AlUSD), plus the DeFi Pulse Index (DPI) token.

What is Vesper Orbit? Glad you asked…

The short version is that Vesper Orbit is a way to access yield from some of DeFi’s most exciting projects, which are powered by some of the most vibrant communities. Think of it as the degen complement to the very-well-established tokens supported on the main Vesper app, but still using the battle-tested yield strategies that the latter deploys.

Want more detail? Read on…

Why Orbit?

Many emerging projects under the “DeFi 2.0” umbrella encompass different protocols that are designed to drive maximum capital efficiency.

But getting this yield is easier said than done. Even advanced users are burdened by gas fees accompanied by activities like wrapping assets into LP and staking on platforms like Convex. Other high APY destinations like Rari are fragmented, meaning you need to deposit your tokens across many different pools, and those APYs fluctuate between pools constantly.

Vesper’s modular backend is uniquely positioned to support these tokens, which are currently driving the energy in the DeFi space. Vesper Pools provide a hands-off alternative for individuals looking to sidestep those burdens.

However, there are strict guidelines for assets supported by the main Vesper app. Vesper Orbit creates an ecosystem for exciting assets, where they can generate premium yield. Orbit also serves as a stepping stone; tokens may ultimately be integrated into the main Vesper app.

Orbit further establishes Vesper as the DeFi “umbrella layer.” It enables Vesper to better foster relationships with newer protocols and similarly helps communities engage with one another.

Orbit Economics

Vesper Orbit pools will carry 0.6% withdrawal and 20% performance fees that follow the same revenue model as aggressive pools. There will be a $25M deposit limit per pool, due to the relatively nascent status of these token ecosystems.

The first batch of Orbit pools will be boosted with 1,250 VSP each. Additional VSP will be allocated based on contributions from the represented token communities as well as pool performance.

Know of other promising pools? Share your ideas in the #defi-lending-strategies channel!

Vesper Finance

Vesper is a platform for easy-to-use DeFi products.