This Week: DAI/VSP Vesper Earn Pair Goes Live
Also: Demonstrating Vesper Earn as an essential bear-market tool
Introducing: Deposit DAI, Earn VSP
Vesper’s DAI-to-VSP Earn Pool is now available! Users deposit their principal (DAI) into the Earn pool and receive yield in VSP. Vesper users have already deposited over $1.3 million in DAI, making it the DAI pool with the highest TVL on the platform.
For full details of this pool launch, please read our recent Medium post.
Vesper Earn in a Bear Market
A bear market is a great time to set-and-forget. Vesper Earn enables users to deposit stablecoins and stream the yield into the output crypto of choice.
But, wait! We’ve done the math!
Our recent article outlines the performance of several of our DAI-to-crypto pools. Individuals that are looking to “drip-in” long term, as well as those awaiting the right time to deploy their stablecoins, can both benefit from depositing to Vesper Earn.
Here’s a preview:
“Accumulating The DeFi Pulse Index (DPI) token is a great way to gain exposure to a capitalization-weighted index that tracks the performance of DeFi assets across the market.
The result? You could theoretically accumulate $165.24 in DPI in a few short months.”
Put another way: If you purchased $25,000 in DPI at the beginning of the year, you’d have about $6,600 today. If you deposited it as DAI in the DAI-to-DPI pool, you’d have $25,165 after almost six months (the $25k plus 2.13 DPI) and potentially $25,621.64 if that 2.13 DPI ever regains its Jan. 1 price.
$25,165 > $6,600.
Obviously, past performance isn’t indicative of future results, but this historical data is useful in the context of illustrating Vesper Earn’s unique capabilities.
Eager for more? See the full article.
Keep up with Vesper on:
If you subscribe, you’ll never miss an update. We treat major announcements as their own posts but a lot of the smaller announcements do add up. Sign up to get this weekly update delivered to your inbox via vesper.finance.