Vesper Finance’s profitable farming protocol, launched in partnership with Bitcoin Core developer Jeff Garzik, has raised over $ 1 billion in client funds in just six weeks.
During beta testing, which took place from December 22, 2020 to February 17, 2021, the volume of funds blocked in the project amounted to $ 25 million.After the official launch, by March 9, users blocked $ 500 million, and on March 24, the volume of blocked funds exceeded $ 1 billion.
According to the DeFi Llama service, Vesper Finance is now ranked 15th in terms of the amount of funds blocked in the protocol. The project offers income-generating farming in five pools. Users can profit from deposits of DAI tokens, USDC, WBTC, their own VSP token, as well as ETH cryptocurrency. Profit, in most pools, is paid in VSP tokens.
At the moment, the most popular on the site is the WBTC pool, where $ 420 million is blocked. Another $ 382 million was transferred by users to the ETH pool, $ 222 million to the USDC pool and $ 72 million to the VSP pool. The DAI pool turned out to be the least popular – only $ 259,000 is blocked in it.
All presented pools refer to a “conservative” level of risk and return, and more profitable and risky pools will be launched in the future. In addition to Garzik, Bloq co-founder Matthew Roszak and Bloq head of DeFi industry Jordan Kruger participated in the launch of Vesper Finance.
Recall that in October last year, the Vesper platform was launched for investing in decentralized projects through the staking of cryptoassets.
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