BloqCointelegraph.comJeff GarzikVersper FinanceVSP

Jeff Garzik’s DeFi protocol Vesper Finance tops $1B TVL in six weeks

Within six weeks of launching, Vesper Finance, a DeFi yield platform co-founded by former Bitcoin Core developer Jeff Garzik, has amassed a $1 billion TVL.
Vesper Finance, a recently launched DeFI yield suite co-founded by former Bitcoin core developer Jeff Garzik, has surpassed a TVL of $1 billion within six weeks of launching on mainnet.Garzik, also an executive of blockchain technology firm Bloq Inc, tweeted the news on March 23 while also revealing the team had open-sourced its smart contracts. Vesper’s CEO also noted the protocol’s open source transferable NFT container can be used to package, transfer and auction any amount of non-fungible tokens and ERC-20s.Another #OpenSource #Ethereum #DeFi component is our #NFT container. This is a transferable NFT, which can hold any amount of ERC20s and NFTs. It is used to package, transfer, auction a distinct, auditable financial and non-financial assets.— Laird Jeff Garzik (@jgarzik) March 23, 2021
The protocol has seen spectacular growth since amassing $25 million during its Beta, which ran from Dec. 22 until Feb. 17. By March 9, Vesper’s total value locked had ballooned to $500 million, before doubling over the past fortnight.According to decentralized finance analytics provider DeFi Llama, Vesper currently ranks as the 15th-largest protocol with a TVL of $1.09 billion — sitting above Badger DAO and behind Autofarm.The platform currently offers five single-asset pools, offering yields to investors who deposit DAI, USDC, ETH, WBTC, or Vesper’s native token, VSP. Rewards are also offered to depositors in the …
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