Vesper
Crypto Overview
Overview
Vesper is a DeFi platform launched in 2021 that aims to simplify yield generation through automated strategies. The VSP token serves as both a governance token and a means to earn rewards from the platform's revenue.
Purpose and Utility
The primary purpose of VSP is to provide governance rights over the Vesper protocol and share in the platform's revenue. Token holders can vote on protocol changes and receive a portion of the fees generated from yield strategies.
Business Model
Vesper's business model revolves around creating yield-generating strategies for various cryptocurrencies. The platform generates revenue through performance fees on these strategies. While the yield generation involves lending and borrowing mechanisms, which are generally not compliant with Islamic finance principles when done for profit.
Real-World Adoption
The platform has seen varying levels of adoption since launch, with Total Value Locked (TVL) fluctuating significantly. The primary use of VSP remains governance and fee sharing from lending activities.
Development Activity
The project maintains active development, with regular updates to their yield strategies and protocol improvements. The team continues to work on expanding their suite of DeFi products.
Token Distribution
VSP tokens were distributed across team members, investors, and the community through various mechanisms including liquidity mining programs. The project maintains transparent documentation about token allocation and vesting schedules.
Crypto Impact
To assign a comfort level investing in Vesper from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Vesper.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.