What is Vesper? What Does VSP Do?

What is Vesper? Vesper (VSP) is a DeFi platform designed based on ease of use, sustainability and scalability.

What is Vesper? What Does VSP Do?
What is Vesper? What Does VSP Do?

What is Vesper? Vesper (VSP) is a DeFi platform designed based on ease of use, sustainability and scalability. As Coinzigzag.com, in this article, we have answered the questions that investors wonder, such as what Vesper is, what it offers, what is VSP, what it does, how to buy it. Now let's take a look at this platform used for purposes such as Yield Farming and staking.

What is Vesper?

Vesper Finance (VSP) is a DeFi platform designed to make your money work harder for you. Using blockchain technology, this project acts as a “meta layer” for decentralized finance. Thus, it attracts deposits to higher return opportunities within risk tolerance for certain pools. There is no custody of the products and occurs automatically. The platform allows updating, modifying, connecting and simultaneous migration of revenue collection strategies.

It also supports users yield farming and staking. In this way, users can find ways to maximize their returns. Various DeFi products and services operate in this context. Users can borrow and lend with cryptocurrencies. Credits come from users of the platform who offer credit services. These users earn interest income. All of these DeFi products happen through the platform's liquidity pools.

What does Vesper offer?

Vesper is open to all users, without the need for a permission to participate. However, it runs decentralized on the Ethereum network. For DeFi products, all liquidity is distributed by the algorithm. This makes the network more secure and transparent. The main DeFi product Vesper offers is yield farming. Users have the opportunity to earn passive income by depositing their tokens in various pools. However, they can also earn profits by staking their assets. This entire ecosystem is governed by the platform's native cryptocurrency, VSP.

What is VSP? What does it do?

VSP is the native cryptocurrency of the DeFi platform called Vesper. This cryptocurrency has different versions on Ethereum, Polygon and Avalanche networks. VSP coin has a wide variety of use cases on Vesper. But the main use case is bounty. Users can participate in the management of the platform and stake their tokens with VSP. Users who stake their VSP are rewarded with tokens by the platform. However, VSP owners support decentralized governance by participating in the management of Vesper.

What is Vesper? How to get VSP

Vesper is currently listed on crypto exchanges such as Uniswap, Gate.io, LATOKEN and Hotbit. Investors who want to buy VSP coins must first access and become a member of one of these exchanges. After that, they should follow the KYC steps for the account they created. Thus, they can deposit an asset in their wallet that matches the trading pairs where the VSP is listed. Those who do can obtain their VSP by placing a buy order for the cryptocurrency.