As of today, February 17, at 10:00 a.m. U.S. Eastern Time and block 11875037, Vesper has officially emerged from beta!

As a result, much more of the DeFi ecosystem will learn what the Vesper beta-testing community has known for months.

That is: Vesper offers a new way to approach DeFi — one that blends the category’s powerful energy with the professionalism necessary to support DeFi’s expansion, adoption, and success.

Beta users have been awarded their VSP tokens and the VSP drip in the first three Vesper Grow pools — reflecting conservative strategies for ETH, USDC, and WBTC — has begun…


Also: Speaking at AWS Summit and Chainlink Smart Contract Summit

Introducing Vesper Lend Beta

Vesper introduced Vesper Lend in beta as a Rari Fuse pool governed by vVSP holders. These holders are responsible for whitelisting new assets and managing collateral ratios. Users can take out loans against vVSP at 60% loan-to-value (LTV) — higher than the up-to-25% LTV offered by third-party lending markets.

Vesper Lend also acts as a “launchpad” for introducing new tokens to the Vesper ecosystem. Emerging ERC20s suffer from the chicken-and-egg problem with integration into the broader DeFi-verse: it’s easier to list tokens that are already listed elsewhere. …


Vesper Lend enables creation of yield sources for emerging tokens, higher yield for existing users, and a new utility to token holders.

Vesper Lend (beta) is live as a Rari Fuse pool.

This is a lending platform governed by vVSP in the same way that vVSP holders govern other aspects of the Vesper system. Result: Vesper ecosystem has a powerful new tool to build out new yield sources for existing tokens and emerging tokens not yet integrated into other DeFi platforms. As Vesper ultimately seeks to service all meaningful ERC20s, this is an important component for onboarding the next tranche of tokens.

Vesper Lend also reflects another sustainable yield source for Vesper’s pools. Vesper’s multi-strategy capability means that its Grow and (soon)…


Today, the first Vesper aggressive pool, “vaDAI” is now available on app.vesperdev.net

This aggressive DAI pool represents Vesper’s first foray into more adventurous, higher-yield pool opportunities. The vaDAI pool routes through Curve and Yearn. You can find vaDAI on the Vesperdev site.

Given the modular nature of Vesper tools, an aggressive DAI pool can similarly enable the introduction of aggressive ETH, LINK, and WBTC pools that take out DAI loans from Maker and route through vaDAI.

In general, aggressive pools differ from their conservative counterparts in the following ways:

  • They employ lower collateralization ratios;
  • They could have greater exposure to dramatic price swings that could trigger liquidation events; and/or
  • They may also…


Also: Jordan Kruger and Jeff Garzik to talk DeFi at AWS roundtable, and a Blockforce update in Discord

Exploring Revenue Model Updates

Per the recent Discord announcement, a kick-off to “Revenue model v2” will be led through a proposal by Vesper Brewing Company.

The proposal will outline a minor upgrade to Vesper’s revenue model, which reflects the addition of a spillover expenses account to fund activities such as deploying new contracts and rebalancing pools. This is a small account with a maximum threshold. When the maximum threshold is reached, remaining revenue spills back into the revenue splitter and is divided 95/5 between vVSP and developers as it currently operates.

Join the conversation in Vesper’s Discord Finance channel to share feedback on the…


“Vesper just checked all the boxes that I barely knew I was looking for…”

The best stories about Vesper come from its community. Vespernaut “MrAdeline” has been doing exemplary work onboarding new Vespernauts — up to a full percentage point of the vVSP pool by his count. We recently sat down with MrAdeline (if virtually), and learned more about him, how he’s introduced Vesper to others, and what the rest of us can learn from his example. [Ed. note: Interview lightly edited for length and clarity.]

Tell us a little more about yourself. Where are you based? How do you make a living?

I live in Seattle and grew up here through the tech boom. I’ve worked for nonprofits, political campaigns, big tech, and marketing agencies. …


Also: UNI/USDT beta gets multi-strategy capability; Blockforce in Blockworks

Rari Capital Proposal and Vote

Vesper has proposed whitelisting the Vesper DAO as a Fuse Pool creator and manager on Rari Capital. If approved by the Rari community, this DAO-to-DAO proposal will allow Vesper to create a new FUSE pool which would be managed via Vesper Community Governance (vVSP token holders).

This proposal paves the way for Vesper to use Rari as its primary lending platform, giving access to borrowing and lending of the VSP and vVSP tokens. By collateralizing VSP/vVSP through Rari, Vesper would be able to create additional yield sources and potentially new pools, specifically geared towards the platform’s native tokens.

The full…


Also: Jordan Kruger SCC keynote now online

UNI / USDT Pools Enter Beta

The much-awaited UNI and USDT Vesper Grow pools are officially live for beta testing on the Vesper Dev Site. The Vesper community voted on May 2nd to whitelist UNI (Uniswap) and USDT (Tether) as the next two assets on the Vesper Platform. Over time, any ERC20 token with demand can be considered for its own Vesper Grow pool. UNI and USDT were the best candidates for the next two pools as there are strong markets for each. …


Vespernauts voted to whitelist UNI and USDT as the next Vesper Grow Pools. These are now available for testing. More here…

Users can now access the UNI and USDT beta pools within the VesperDev application. Initially, both pools will interface with Compound. Then, they’ll demonstrate v3 multi-strategy architecture by splitting pool assets across Compound and Aave soon thereafter.

Initially, these pools are not incentivized. The community and vVSP holders can discuss what rewards may look like once these pools graduate from beta to the main app. These pools and associated strategies have both gone through multiple rounds of independent audits and will be pushed to the main app soon after public testing has taken place.

Additionally, several new strategies are soon…


Also: USDCv3 beta testers receive rewards, a look at HODLer distribution (and accumulation), and a how-to video for China

Update on the Blockforce Vesper DeFi Growth Fund

Not long after Vesper’s launch, Eric Ervin (CEO of Blockforce Capital) proposed a first-of-its-kind collaboration: Blockforce would create a hedge fund that enabled accredited investors to engage in DeFi via Vesper.

Eric said:

We at Blockforce Capital have been following Vesper for some time. We’ve been looking for a way to bridge the chasm between DeFi and conventional finance — Vesper is it.

Here is our proposal for what we believe to be the first-ever public-private partnership between a professional asset manager and a DAO.

The result: An actively managed fund focused exclusively on investing in the Vesper…

Vesper Finance

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

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