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Vesper Finance
@VesperFi
Vesper is a platform for easy-to-use #DeFi products. More than fifty audits, 20 strategies, 40 pools, and more.
vesper.financeJoined August 2020

Vesper Finance’s Tweets

🗳️ Voting is now live for VIP-24: Pool Retirement. Make sure to get your votes in. Details below 👇
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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 #DeFi gov.vesper.finance/t/pool-retirem
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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
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The project from has been independently audited 50+ times. Nothing else in #DeFi comes close to meeting that level of care. (Disclosure: I work for Bloq.)
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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