Buy Vesper Finance (VSP)
What is Vesper Finance?
Vesper Finance is a decentralised finance (DeFi) platform that provides users with the opportunity to earn passive income on their cryptocurrency holdings. It operates across multiple blockchains, including Ethereum, Avalanche, Polygon, and Optimism. The primary function of Vesper Finance is to offer sustainable real yield by routing deposits to the highest-yield opportunities within a specified risk tolerance for particular pools.
How does Vesper Finance work?
Vesper Finance operates using a modular and multi-pool architecture that allows for the seamless transition of pools between investment strategies without the need for smart contract upgrades. This is achieved through a system where front pools manage deposits and withdrawals, while back strategies produce yield from these deposits. Vesper classifies pools into "conservative" or "aggressive" based on the technical risk of the strategies employed, utilising audited protocols like Compound, Aave, and Maker for conservative strategies. The platform leverages Ethereum's Proof of Stake consensus mechanism as it operates primarily on the Ethereum blockchain, enabling dynamic capital allocation to capture the highest yields.
What are the potential use cases for Vesper Finance?
Vesper Finance offers several use cases:
- Passive Income Generation: Users can earn interest by depositing their cryptocurrencies into various pools.
- Institutional DeFi Solutions: Provides a secure platform for institutions to gain yields.
- Synthetics: Integration with Metronome enhances asset utility by adding them as yield-bearing collateral.
- Programmable Yield: Allows users to program yield results in different assets, enabling innovative applications like charitable donations or diverse investment strategies.
What is the history of Vesper Finance?
Vesper Finance was founded in 2020 by Jordan Kruger, Jeff Garzik, and Matthew Roszak, who have significant backgrounds in blockchain and cryptocurrency. The platform launched after securing $2.5 million in strategic financing from various investors. Since its inception, Vesper Finance has carved a niche in the DeFi space, expanding support to multiple blockchains and establishing itself with innovative yield-generation strategies. Notable milestones include strategic partnerships and technological advancements, positioning Vesper as a reliable DeFi solution for passive income through yield farming and aggregation.
Coin Contract Addresses
Related Assets
Resources
Learn More About Vesper Finance
Frequently Asked Questions (FAQs)
What is the current price of Vesper Finance (VSP)?
The Vesper Finance price is $0.41203727 AUD, representing a -6.25% from the day prior.
Where is the best place to buy Vesper Finance (VSP) in Australia?
The best place to buy Vesper Finance (VSP) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Vesper Finance (VSP) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Vesper Finance (VSP)?
The trading volume of Vesper Finance (VSP) is $1.9K AUD in the last 24hrs, representing a -6.25% from the day prior.
How can I buy Vesper Finance (VSP)?
Vesper Finance (VSP) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Vesper Finance (VSP)?
The current market cap of Vesper Finance (VSP) is $3.6M AUD.
Can I convert Vesper Finance (VSP) to cash?
Yes - With Coinstash you can convert your Vesper Finance (VSP) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Vesper Finance (VSP) are there?
The current circulating supply of Vesper Finance (VSP) is 8.5M.
Is Coinstash a safe place to buy Vesper Finance (VSP) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Vesper Finance (VSP) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.