Vesper Finance, a leading DeFi ecosystem and growth engine for crypto assets, announced the launch of Vesper Lend. Currently in beta, Vesper Lend is is built on Rari Fuse – an open platform for isolated lending markets. Vesper’s governance token, vVSP, governs it in the same way that vVSP holders govern other aspects of the Vesper ecosystem.
Vesper Lend provides a powerful way to build yield sources for emerging tokens not yet integrated into other DeFi platforms. Additionally, it introduces new, sustainable yield sources to the Vesper ecosystem. Vesper’s multi-strategy platform can target any number of yield sources at the same time with its Lend, Grow, and Earn pools.
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.
We are therefore proud that the Fuse platform provides the basis for Vesper Lend, opening the door for new lending markets.
Jai Bhavnani, co-founder of Rari Capital
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.
We’re excited to explore the directions that our community of Vespernauts worldwide will take Vesper Lend as this platform grows.
Jordan Kruger, co-founder of Vesper.
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.
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
