1 / Vesper's early investments in software quality and auditing (50+ and counting) add up to the #DeFi prescription for the current market: simple, sophisticated, and sustainable.
has the best yield on single-asset $stETH since the $vastETH pool's inception without any locks or maturity dates.
Check it out - https://app.vesper.finance
#synth for potential additional yield, or to hedge against market conditions with directional trading strategies. Check it out! - https://app.metronome.io
There's a new proposal on Vesper's governance board!
This proposal would sunset several pools with low participation into “retirement”, closing new withdrawals and withdrawing funds from protocols. $VSP#DeFihttps://gov.vesper.finance/t/pool-retirement/119…
There's a new proposal on Vesper's governance board!
This proposal would sunset several pools with low participation into “retirement”, closing new withdrawals and withdrawing funds from protocols. $VSP#DeFihttps://gov.vesper.finance/t/pool-retirement/119…
Did you know?
Vesper's Conservative and Aggressive pools are differentiated by: The nature and complexity of strategies, third-party protocols supported, and lending parameters. $VSP#DeFi
Fifty. Audits. And. Counting. That's not just checking off a #DeFi marketing box -- that's putting your users and ecosystem first.
@VesperFi$VSP@MatthewRoszak
Looking for the best risk-adjusted, APY opportunity for $stETH in the market?
Check out Vesper's stETH Grow pool, available on http://app.vesper.finance. $VSP#DeFi
"Just as the reversals of 2000 and 2008 gave us the second age of the web and the first age of crypto, respectively, so too will crypto inherit a stronger and more robust second age coming out of the present moment." -
ICYMI: "The last few weeks have brought the differences between DeFi and CeFi to the forefront. We believe that participating in #DeFi requires a duty of care that meets & exceeds contemporary standards. A post-FTX world has made this mission vital."
10/ If FTX, Alameda, and others before had adhered to the same standards as Vesper and DeFi in general, the blowout would not be possible – leverage would unwind before it became insurmountable.
9/ The Vesper team actively monitors the DeFi environment and makes regular “course corrections” to strategies if needed. Any user, large or small, can deposit or withdraw any amount at any time and positions will instantly be unwound to support the activity.
8/ Power of Automation
Vesper pool positions are managed in a non-custodial and automated fashion. When loan collateral dips, those positions are repaid so users are not negatively impacted by liquidations.
7/ While there can be risk involved and targeted attack vectors are still prevalent, Decentralized Finance gives users the peace of mind that comes with cutting out the middleman.
6/ When interacting with Decentralized Exchanges (DEXs), users will connect their non-custodial wallet, such as MetaMask, to facilitate the trade through Liquidity Pools, and then disconnect it when they are done. This ensures the user stays 100% in control at all times.
5/ How is DeFi Different?
DeFi protocols perform their actions on-chain, meaning everything is recorded on the blockchain and is publicly verifiable. This is due to smart contracts automating the process and allowing users to be the sole proprietor of their funds.
4/ In the 24/7/365 world of DeFi, CeFi cannot compete as the audited proof is inadequate when compared to its decentralized counterpart which is as real-time as possible.
Some examples of CeFi exchange PoR:
3/ What are the deficiencies of PoR in CeFi?
While a step closer to trust in the Centralized Finance model, these PoR need to be a frequent addition to company policies. The crypto space is such a fast-paced environment that any one PoR ages quickly.
2/ Proof-of-Reserves (PoR) are a snapshot of company balances to show it has enough liquidity to cover all of its liabilities.
Providing this information publicly is important because it ensures a secure and transparent way for clients to know their funds are in good hands.
1/ With the recent downfall of FTX, calls for Proof-of-Reserves (PoR) are becoming more popular. Users have a right to know their funds are safe, therefore centralized entities need to operate transparently.
http://bit.ly/3hS7wP1$VSP#DeFi