Vesper (VSP)
Basics
- Started in / Announced on:
- Mainnet release: had an incentivized beta launch on 22-12-2020.
- Based in:
- From The Defiant (14-12-2020):
"Bloq is launching Vesper, a decentralized protocol for users to gain passive interest on their crypto. The innovation relative to other yield bouncers, is that users can pick a risk level and the protocol will invest in different strategies accordingly. It both competes with, and uses Yearn Finance."
History
Audits & Explouts
- Bug bounty program can be found [insert here].
- Scored a 71% on DeFi Safety (2-4-2021); "CoinSpect has preformed 5 audits on Vesper Finance. Certik has preformed an audit on Vesper Finance." With the comment: "Weak docs and testing hurt the score. Good audits but room for improvement."
Bugs/Exploits
- From Blockthreat (14-11-2021):
"On November 3, 2021, Vesper Finance lost $3M in yet another TWAP price manipulation attack."
Governance
Admin Keys
DAO
Treasury
- Will have (10-12-2020) a treasury which gets a portion of the fees and subsequently swapped for VSP on the open market.
Token
Launch
Token allocation
- From the token announcement (10-12-2020):
"Will be distributed to early adopters during the initial stages of the project as an incentive to use the protocol, and earn-able thereafter through participation in Vesper products."
Utility
- Is (10-12-2020) a Governance token plus shares revenue:
"The VSP token forms the basis of Vesper’s revenue model. It uniquely allows holders to capture the lion’s share of the value generated by Vesper products. Not only will the token give holders authority to vote on Vesper governance proposals, it can also be staked in the vVSP pool to generate vVSP, a pool token that denotes a share of the Vault’s holdings. The fees will be split, with 5% going to the Vesper founders and the remaining 95% is deployed back into the pool strategy to the benefit of all pool participants."
Token Details
Stablecoin
Coin Distribution
- From this thread (21-3-2021):
"According to @defipulse, Vesper have around $820 in TVL, meaning 0x_b1 alone is rocking over 7% of that value."
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on:
How it works
Fees
Upgrades
Staking
Liquidity Mining
Scaling
Different Implementations
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Full team can be found [here].
- Built by Bloq, of Jeff Garzik
Funding
Partners
(:
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