Vesper Finance, the recently launched DeFI ROI package co-founded by former Bitcoin developer Jeff Garzik, exceeded $ 1 billion TVL within six weeks of launching the main network.
Garzik, who is also president of the technology company Bloq Inc, tweeted the news on March 23 and also revealed that the team has open contracts. The CEO of Vespers also noted that the open source protocol portable NFT container can be used to fill, transport and auction all non-exchangeable token and ERC-20 sizes.
The protocol has grown impressive since the beta testing, which ran from December 22 to February 17, raised $ 25 million. On March 9, the total value of Vespers was set at $ 500 million and has doubled in the past two weeks.
Vesper currently ranks 15th with the largest protocol worth $ 1.09 billion – higher than Badger DAO and behind Autofarm, according to decentralized financial analysis provider DeFi Llama.
The platform currently offers five groups of individual assets and offers refunds to investors who deposit DAI, USDC, ETH, WBTC, or Vespers’s token, VSP. Bonuses are also offered to shareholders in the form of VSPs for most assets.
WBTC vault is currently the most popular lockout group with around $ 420 million, followed by ETH with $ 382 million, USDC with $ 222 million, and VSP with $ 72 million. Only $ 259,074 was donated to the DAI Pool.
All current Vespers complexes are described as a “conservative” risk level and the team indicates that groups that offer higher risk profiles will be launched in the future.
Vesper Finance was also founded by billionaire investor and co-founder Bloq, Inc. Matthew Roszak and CEO of Bloq, Inc. Jordan Kruger.