Vesper Comes Out of Beta and Launches VSP Token

Vesper, a DeFi investment platform, came out of beta and launched its VSP governance token.

Following a successful beta period with $28M in total value locked, Vesper aims to bridge the gap between traditional DeFi users and investment industry professionals who are new to the space. Users are able to choose to deposit crypto in different investment strategies. The project’s goal is making DeFi participation “as easy as choosing a fund in a retirement plan.”

Vesper is allocating 1M VSP tokens to liquidity providers. Of those, 600k VSP (60%) are reserved for SushiSwap rewards over the course of 12 months, the project said in apost. Liquidity providers to the VSP-1INCH pool on DEX aggregator 1Inch will be distributed 400k VSP and 150k 1INCH tokens, on top of the pool fees LPs receive from trading activity.

Vesper is helmed by early Bitcoin dev Jeff Garzik, and has strategically partnered with Compound’s Robert Leshner, CoinShares’ Meltem Demirors, HCM Capital, CMT Digital, A195 Capital.