Vesper Finance
Published in

Vesper Finance

Vesper Pool Updates: Zero-fee Transfers, New Earn Pool Logic, and Wrapper Support

Vesper is continuously identifying opportunities to improve the platform’s functionality and deliver greater value to users. Here’s a look at three recently introduced pool updates.

Goodbye, Transfer Fees!

Users can now move their deposits between the following pools with no withdrawal fee:

  • Conservative ETH Grow pool (vETH) to Aggressive ETH Grow pool (vaETH) (vETH ⇒ vaETH)
  • Conservative WBTC Grow pool (vWBTC) to Aggressive WBTC Grow pool (vaWBTC) (vWBTC ⇒ vaWBTC)

Included in a previously approved proposal, zero-fee pool transfers will expand to all like Grow pools in the near future.

More Flexibility on Network Assets

Users can now deposit and withdraw both native and wrapped tokens from Vesper’s ETH and MATIC pools. Previously, Vesper pools only supported the unwrapped variant of these assets.

This update also means that users looking to utilize wrapped tokens won’t pay additional transaction fees to unwrap and interact with Vesper pools.

New Pool Logic = Reduced Gas Fees

A recent update reduces gas costs by as much as 50% when interacting with Vesper Earn. This update is live on the ETH-to-DAI Earn pool and is slated to deploy to all Earn pools in the future.

The fee reduction is enabled by a change in how yield is realized on deposit and withdrawal. Swapping yield to the reward asset is a gas-intensive interaction that previously took place on every deposit and withdrawal; this latest update removes this complexity for standard interactions.

Have questions or feedback? Join the discussion in Discord!

--

--

--

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

Recommended from Medium

{UPDATE} Basketball Party Shot Hack Free Resources Generator

{UPDATE} Nail Salon 3D Hack Free Resources Generator

What Is Cybersecurity Compliance? An Industry Guide

{UPDATE} VR Motor Racing Mania Hack Free Resources Generator

What is Web Security?

Staking Update: Week 11! July 20, 2020

Mitigation vs Remediation

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Vesper Finance

Vesper Finance

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

More from Medium

This Week: Vesper Finance Turns One!

Hundred Finance: News Roundup

Bogged Finance launch DeFi Limit Orders, Stop-Losses for the Avalanche Chain

Trader Joe & Keystone Partnership: Secure Signing on Avalanche Blockchain!