Currently in beta, Vesper Lend enables Vesper to develop new yield sources for emerging tokens, provides higher yield for existing Vesper users, and offers a new utility to VSP and vVSP token holders
CHICAGO–(BUSINESS WIRE)–#DeFi—Vesper Finance, a leading DeFi ecosystem and growth engine for crypto assets, today announced Vesper Lend. Currently in beta, Vesper Lend is built using Rari Fuse – an open platform for isolated lending markets. It is governed by holders of vVSP, Vesper’s governance token, in the same way that vVSP holders govern other aspects of the Vesper ecosystem.
Vesper Lend serves as a powerful tool to build out new yield sources for emerging tokens that are not-yet integrated into other DeFi platforms. It also introduces a new, sustainable yield source to the Vesper ecosystem. With Vesper’s multi-strategy capability for maximizing yield, Vesper Lend, Grow and (soon) Earn pools can target any number of yield sources at the same time.
Supported assets as of the beta launch include the Vesper family of assets — VSP and vVSP — as well as other assets integrated into Vesper such as VUSD, ETH, WBTC, USDC, and DAI. Holders of these assets can deposit their tokens as collateral, which can earn yield from borrowers and also enable them to take out loans from the pool for yield farming or trading.
With Loan-to-Value (LTV) ratios ranging from 60-75% for VSP, Vesper Lend will provide VSP holders with new opportunities for additional market exposure by offering a platform for lending.
“Vesper Finance has worked hard to crack the code for combining DeFi’s energy with the professionalism required to advance the category,” said Jai Bhavnani, co-founder of Rari Capital. “We are therefore proud that the Fuse platform provides the basis for Vesper Lend, opening the door for new lending markets.”
“Expanding the use-cases for Vesper assets has been a priority for our community since the beginning – and the introduction of the Vesper Lend beta is an important step in that direction,” said Jordan Kruger, co-founder of Vesper. “We’re excited to explore the directions that our community of Vespernauts worldwide will take Vesper Lend as this platform grows.”
About Vesper Finance
Vesper Finance is a DeFi ecosystem and growth engine for crypto assets, providing a suite of yield-generating products focused on accessibility, optimization, and longevity. Vesper is dedicated to creating and supporting the conditions for DeFi’s expansion and success, to the benefit of all participants. Learn more about Vesper at www.vesper.finance and follow on Medium, Twitter, Telegram, and Discord.
Contacts
Phil Gomes
Vesper Finance
[email protected]
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