Nov 30, 2022
Vesper-on-BNB-Chain Enters Beta
Deposit assets, earn yield, and take advantage of the lightning-fast BNB smart chain.
The first batch of Vesper Grow pools on BNB chain are now in beta. Each pool has its own unique set of strategies, enabling users to take advantage of DeFi’s leading yield sources to grow their BNB or BUSD holdings. A BNB-based Earn pool is on the roadmap as well.
The following pools available in beta are:
Earning rates for both pools will be calculated based on the underlying yield accrued by pool assets as they are routed to other DeFi platforms per the pool strategy. You will be able to view the earning rates within the Vesper Grow pool dashboard.
Strategies
During beta, the pools will invoke strategies that deposit to Venus and Stargate. Additionally, the engineering team has developed a powerful collection of strategies that are out for audit and will be ready for use over the coming weeks. These strategies include:
- Convert-to-LP
- LP-and-stake on DotDot
- Deposit
- Deposit
- Convert-to-aBNBc
- Convert-to-aBNBc and Deposit-to-Wombat
Why Binance
Binance Chain has quietly built up a robust DeFi ecosystem to the tune of over $6 billion TVL. While robust, however, the ecosystem remains largely isolated — users of one application do not simultaneously tap into others as frequently as users do on Ethereum DeFi. This highlights a perfect recipe for Vesper: high TVL, promising APY, and a need to make it easy for all users to capture risk-adjusted DeFi yield.
Try out our BNB beta pools today and discuss in our Discord.
