Key Takeaways
- Vesper Finance is a yield aggregator that aims to provide a safe way to earn interest on crypto assets.
- Vesper stands out for its conservative “move slow and don’t break things” ethos.
- The two-part design and modular and multi-pool architecture differentiate Vesper’s technology from other similar products on the market.
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Vesper Finance is a yield aggregator offering an accessible, secure, and conservative experience for DeFi newcomers and institutions. It aims to provide a suite of yield-generating products that allow users to deposit and grow their crypto assets in a safe, set-and-forget way.
Vesper Finance Explained
DeFi is moving at breakneck speed in terms of development and innovation. Unlike traditional finance that tends to work in silos, DeFi is open and prides itself on being inclusionary and cooperative. This hardcoded ethos begets permissionless, combinatorial innovation where developers collaborate, build upon, and even fork each other’s projects to drive unprecedented organic growth and collectively propel the space forward.
The present modus operandi, however, is a double-edged sword that comes with significant risks and a steep learning curve for the average user. While DeFi’s “test in production” mentality may give it a substantial edge over its traditional counterpart in terms of nimbleness and pace of innovation, it often translates into heightened security risks and inability to catch up for the average user, leading to paralyzing feelings of being left behind.
Vesper Finance is an Ethereum-based DeFi project that seeks to alleviate these issues by adopting a more conservative approach—one much closer in ethos to Bitcoin‘s “move slow and don’t break things” philosophy than DeFi’s “test in production.” Perhaps ironically, this conservative approach is a breath of fresh air in the space and precisely what sets Vesper apart. With several yield aggregators on the market, Vesper’s economic moat lies in optimizing for simplicity, security, and longevity over time to market.
For the next edition of DeFi Project Spotlight, Vesper CEO and co-founder Jordan Kruger sat down with Crypto Briefing to discuss the project’s path so far, and what may lie ahead. Speaking of the motivation to build the protocol, she says that, being in DeFi since 2018, the team saw a need to professionalize yield farming and make DeFi more approachable. “We set out to create a DeFi super app, with the first product being the growth pools where users can deposit crypto and earn interest on their assets in a very passive manner,” she explains.
Vesper offers products tailored to users who are either new in DeFi or those who want a more passive option to participate. More importantly, Kruger emphasizes, Vesper is “for those who want something more secure and something that takes due diligence seriously.”
The protocol currently offers two products:…
Read More: cryptobriefing.com