|All Time High:|
|Market Cap: |
|The price of #VSP today is $0.29 USD.|
The lowest VSP price for this period was $0, the highest was $0.286, and the current live price for one VSP coin is $0.28591.
The all-time high VSP coin price was $80.86.
Use our custom price calculator to see the hypothetical price of VSP with market cap of BTC or other crypto coins.
|The code for Vesper Finance crypto currency is #VSP. |
Vesper Finance is 2.3 years old.
|The current market capitalization for Vesper Finance is $2,592,748.|
Vesper Finance is ranked #727 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #VSP.|
Today's 24-hour trading volume across all exchanges for Vesper Finance is $73,219.
|The circulating supply of VSP is 9,068,259 coins, which is 91% of the maximum coin supply.|
Note the limited supply of Vesper Finance coins which adds to rarity of this cryptocurrency and increases perceived market value.
Before Shanghai: Everything you need to know
Ethereum’s Shanghai upgrade will be next in their roadmap, resulting in Staked ETH withdrawals being unlocked on the Beacon chain. This will be a critical juncture for the future of DeFi. — Overview:. — ETH Market Shift, The Current LSD landscape, So what’s next?, Life after Shanghai?, — ETH Market Shift - We anticipate some volatility in ETH’s value during the first few weeks following the Shanghai upgrade, as 17.9 million ETH (worth $34 billion) becomes unlocked for trading in the open market. However, given ETH’s popularity and utility, we expect a steady upward trend to emerge shortly after the initial volatile fluctuations. — The current LSD landscape - Currently, there are three major LSD (Liquid staking derivatives). Coinbase ETH, Rocket Pool, and Lido, amassing over $14 billion’s worth of staked Ether. It’s safe to say that there will be a significant market reaction when all this ETH is unlocked and can be withdrawn. — Lido V2 - Lido has reacted to the Shanghai upgrade by announcing Lido V2. This protocol update will see the unlocking of stETH withdrawals and the introduction of their new staking router architecture that enables anyone to develop on-ramps for new Node Operators. See full announcement This update will significantly enhance Ethereum staking accessibility for developers and DeFi protocols. By utilizing Lido as an outstanding tool, they can stake ETH with ba...
Looking Deeper Into Optimism
Discover more about one of the most popular layer 2 chains, Optimism, and how it works. — Overview - What is Optimism?, How Does Optimism Work and What are Its Advantages?, Optimism Drawbacks, Governance, Summary, — What is Optimism? - One of the most common growing pains highlighted when talking about Ethereum is its limited scalability. While there is a roadmap outlining future enhancements, and the recent transition from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism has partially addressed this issue, there is still the need for a more robust and current solution. This is where Optimism comes in. Optimism is a Layer 2 solution designed to supercharge the Ethereum network. Its popularity has only grown and is currently sitting at just under $1 billion in TVL. As a type of rollup called an “Optimistic Rollup”, it’s all about boosting the network’s speed and reducing those frustrating transaction fees by handling transactions off-chain and only occasionally sending the summarized results back to the Ethereum Mainnet. In simpler terms, Optimistic Rollups blend the power of on-chain smart contracts with off-chain number-crunching techniques to create a more efficient way to process transactions. They use a clever mechanism known as “fault proofs,” which lets users raise a red flag if they spot an off-chain transaction that doesn’t seem quite right. This helps maintain security...
Vesper Launches on Optimism
Continuing our commitment to interoperability and multichain support, Vesper has launched on Optimism, starting with ETH and USDC deposits. — Overview - At Vesper, we’re constantly striving to reduce the entry barrier for crypto yield. That means incorporating chains that can better adapt to market conditions and achieve not only faster but more affordable methods of getting involved. To that end, we’re happy to announce our launch on Optimism, an essential step towards a multichain future. We have been impressed with Optimism’s level of adoption in the past year, and we’re excited to offer it to our existing community. This new integration means that Vesper users can now benefit from speedy and cost-effective deposits, withdrawals, and management of their positions via the Optimism network. Initial Vesper Grow Pools that have been integrated include ETH and USDC. However, we’re not stopping there, with continuous development ongoing for our pool offerings in the near future. It’s important to note that Vesper has applied for an Optimism grant which can be found here. If approved, the OP tokens obtained will be used as extra rewards for those who deposit in the available and future Vesper-Optimism pools. — What is Optimism? - Optimism is a Layer 2 blockchain that utilizes optimistic rollups to address Ethereum’s current scaling challenges. With optimistic rollups, off-chain transactions are bundled ...
DeFi 101: Yield Farming Explained
If there’s one term that’s most associated with DeFi, it’s “yield farming.” The term encompasses a variety of strategies that are all about making your money work for you. This is done by “farming,” or accumulating, the best yield across many different protocols within DeFi. So, how does one become a “yield farmer”? Let’s talk about what it takes to maintain your farm and keep your yield harvest healthy. — Tending to Your Farms - Yield farming demonstrates some of the best aspects unique to DeFi. To get started, you’re going to have to get accustomed to the various protocols in the ecosystem: from decentralized exchanges to lending protocols to staking and more. All of these provide yield on your precious coin, thus letting you collect that harvest and compound it. That being said, most yield farmers got their start by providing incentivized liquidity, colloquially called “liquidity mining.” Back when DeFi was just getting started in 2020, many protocols like Yearn took the innovative first step of bootstrapping their liquidity through farms. This meant that users could provide liquidity, stake the liquidity tokens on the protocol, and earn some of the protocol’s governance token. Often, the APY was very enticing. Providing liquidity already earns you a healthy amount off of trading fees — but if you keep an eye out, you can still commonly find new protocols bootstrapping their liqui...
An Inside Look at Coinbase Staked ETH (cbETH)
cbETH empowers users to further their capital efficiency and puts their crypto to work using Ethereum’s Proof of Stake system — Overview - Understanding Liquid Staking and the Need for cbETH, What is cbETH?, How does cbETH Work?, Use Cases, How to Get Involved, Discover Coinbase, — Understanding Liquid Staking and the Need for cbETH - To fully grasp the significance of cbETH, it’s essential to have a solid understanding of the Proof of Stake (PoS) process. This has become especially important since Ethereum’s transition from a Proof of Work (PoW) model to a Proof of Stake (PoS) consensus mechanism. This change dramatically increased not only the security of the protocol but also lowered energy consumption, which was previously a terrible burden on the environment. The reason users need to lock up their tokens in a staking protocol is so they can be put to work on the network to validate transactions, create blocks, and participate in consensus. Doing this inadequately could incur penalties and result in lost ETH. The process consists of Beacon nodes that manage peer-to-peer transactions, validator clients who connect to a single Beacon and participate in the block creation process to receive rewards, and finally, a validator client (who can have multiple stakes, also known as validation keys).Source: CapitalGram Now as mentioned above, users need to lock up their tokens to participate and earn reward...
DeFi 101: Liquidity Pools Explained
DeFi 101: Liquidity Pools Explaind One of the most innovative aspects of the cryptocurrency market is the ability to add liquidity in a permissionless way. Years ago, the automated maker maker (AMM) was a breakthrough. Still, it may be confusing to newcomers. How does it work, and how can you add your own liquidity? The most popular AMM currently is Uniswap, whose model has been replicated by many other protocols. Today, protocols like Curve, 1inch, SushiSwap, Balancer, and others rely on the AMM model. Because it is the ‘gold standard’ for liquidity pools, it’s mainly what we’ll discuss here. — How Liquidity Pools Work - Liquidity pools are what make decentralized finance (DeFi) possible. Because of AMMs, there is no “matching” between the expected and executed prices. By automating the gap between buyers and sellers, DeFi has established something reenergized in finance. This is all possible because of liquidity pools. Pools are constituted of any two tokens: let’s call them token A and token B. Generally speaking, pools are made up of half of A and half of B. However, there are some exceptions. Some pools offer other ratios of A and B tokens. Generally, though, 50:50 is what you should expect. When a user provides liquidity, one has to initiate a transaction that provides both A and B tokens to the pool. In return, the user receives a token representing their pool share. The liquidity provider earns...
DeFi 101: Popular Liquidity Mining Applications
Navigating the DeFi space can feel overwhelming with the multitudes of protocols at your fingertips. Opportunity is everywhere, with many different forms of passive income strategies, some riskier than others. Luckily, as we conquered “DeFi summer”, more applications emerged with the potential to unlock high APYs for everyone, beginner or otherwise. — Overview - Uniswap, Balancer, Curve Finance, — Uniswap - As a leader in the space since 2020, Uniswap is rightfully in the top 3 with a TVL of over $3.8b. Armed with various ERC-20 token pools, the barrier to entry is relatively low and enables novices and pros alike to get involved. As an industry standard, Uniswap offers the ability to deposit tokens at a 1:1 ratio. This means you will need to deposit two different tokens of equal value, such as ETH and MATIC. Let’s break down what’s involved with providing liquidity to a Uniswap pool in 5 simple steps: Acquire equal amounts of ETH and MATIC tokens (for example), Head to the Uniswap pool of choice and deposit them, Receive pool tokens that represent your token weight, Gain fee (0.3%) and native token rewards as incentives, When ready, withdraw rewards and burn the LP token to receive the original deposits back, Because of its decentralized and open-source nature, any individual can launch a new liquidity pool for Ethereum-based tokens without any fees, further cementing its position as a top protocol...
DeFi 101: The History of Liquidity Mining
Liquidity mining skyrocketed in 2020 with the release of popular decentralized exchanges, but what came before? — Overview - What is Liquidity Mining?, Popular Protocols, Protocol Concepts, Conclusion, — What is Liquidity Mining? - Liquidity mining involves users providing liquidity to a decentralized exchange or liquidity pool, and in return, earning rewards in the form of cryptocurrency and fees. These fees vary depending on the exchange used. However, the typical rate is 0.3% per swap, where the total reward is proportional to a user’s share in the liquidity pool. However, the underlying mechanism behind liquidity mining is more complex than that. Essentially, liquidity mining incentivizes users to contribute to the liquidity of a particular market by offering them rewards for doing so. The idea is that by providing liquidity, users are helping to create a more stable and liquid market, which in turn benefits all participants. While liquidity mining has been around for a few years, it gained significant traction in 2020 and beyond due to the explosion of DeFi applications and the increased popularity of cryptocurrencies. In fact, many DeFi protocols now offer liquidity mining as a core feature, and it has become a major way for users to earn passive income in the cryptocurrency space. Let’s explore some of the most popular protocols today.Simple Liquidity Mining Model — Source: CoinLoan — Pop...
DeFi 101: What is Crypto Arbitrage?
With the emergence of cryptocurrency, the number of opportunities has significantly increased for traders to make capital-efficient strategies such as crypto abritrage. — Overview - What is Crypto Arbitrage?, What Causes Crypto Arbitrage?, CEXes & DEXes, Different Types of Arbitrage Strategies, Cross-exchange, Arbitrage Strategies, Risks & Volatility, Transfer Times and Cost, Summary, — What is Crypto Arbitrage? - Crypto arbitrage involves buying digital currencies on one exchange and selling them on another at a higher price. The volatile nature of the crypto market makes it an ideal environment for traders looking to capitalize on arbitrage. As prices of digital assets can fluctuate significantly over time, there are numerous opportunities for traders to exploit price differences and make a profit. With crypto assets being traded around the clock on hundreds of exchanges worldwide, arbitrage traders can identify discrepancies in the prices of digital assets across different exchanges and take advantage of them.Simple Crypto Arbitrage Flow — Source: Currency.com — What Causes Crypto Arbitrage? - — CEXes. — The lack of standardized pricing for coins or tokens is one of the primary factors contributing to price variation. On centralized exchanges, asset valuation is determined by the most recent bid-ask order recorded on the order book. This means that the current price of a digi...
DeFi 101: DeFi Infrastructure | Ethereum
Image generated by lexia.art The next major Ethereum upgrade is almost upon us. In April, the world’s largest smart contract network will perform its next major upgrade, in Shanghai. Its completion will finally unlock over 16.5 million staked ETH to be withdrawn. Ethereum has been rolling out many updates as of late. Just months ago, it successfully completed the long-awaited “merge” and officially transitioned to a proof-of-stake network — the new Ethereum is green, far less inflationary, and no longer requires mining to validate transactions. Instead, it’s a collection of nodes secured with staked ETH, and the Shanghai upgrade is a critical next step. Given all the upcoming changes, it might be time to revisit how and why Ethereum became the leading smart contract network in the crypto industry and what to expect in the years ahead. — Why Ethereum Was Created. — Ethereum was created for a simple reason: to expand Bitcoin’s original vision by allowing for computing power. In other words, Ethereum is a ledger that can also run protocols on top of it, unlike Bitcoin, which is more akin to programmable money. Think of Ethereum as a shared computer network onto which a whole host of applications can be built. Vitalik Buterin first described the idea behind Ethereum in a 2013 whitepaper. In 2015, an initial coin offering (ICO) was held to raise funds for the Ethereum Foundation and distribute ETH to...