This Week: Universal Fee Structure Roll-Out Begins
Also: Vote for Vesper’s Proposal on Saddle Finance!
Out With the Old, In With the New (Fee Structure)
Vesper’s new “Universal Fee” structure is live on all Avalanche pools!
This new fee structure streams a 2% yearly fee from deposits out of the yield earned only — meaning that the principal is never touched.
Even better, it removes all withdrawal fees.
This fee model will ultimately be deployed across all pools. With numerous pools on Mainnet, the fee overhaul on Ethereum will take several weeks before it’s complete. This process is in motion now.
Learn more about Vesper’s new revenue model.
Incentivized Vesper Earn veFRAX Proposal
Vesper is proposing an incentivized Vesper Earn “wrapped FRAX” metapool on Saddle Finance!
This pool would pay out in Saddle D4pool, which consists of LP tokens FRAX, FEI, LUSD, and ALUSD.
…And, Finally
Vesper Earn enables users to deposit one asset, and earn yield in another.
And now you can learn how to get started with Earn pools in a few minutes!
Keep up with Vesper on:
#VesperFi
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.
Vespernauts Shazia, Errin, and Zane contributed to this report.
