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Vesper Beta - zoom 1 presentation

Jeff Garzik
Jeff Garzik

Vesper Finance - Beta Zoom #1 - Presentation of the first results from the beta test of the decentralized finance (DeFi) project's 3 holding pools, tokenomics, and other details.

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Beta Zoom #1 December 23, 2020
Agenda Introduction Vesper Overview - Products and Project Beta expectations and reactions Answers to community questions
INTRODUCTION
Vesper Products Crypto holding pools at launch that enable users to passively increase their crypto holdings. VSP incentivizes and catalyzes participation, facilitates governance, and funds further development and growth of Vesper. Building a network of users to sustain and grow the product portfolio, with a progressive plan for decentralization. Team Vesper Token Vesper DAO Symbol Beta Launch Token Type Website Total Supply Auditors Integrations VSP December ERC20 vesper.鍖nance 10 million Introduction Jeff Garzik Co-Founder Jordan Kruger Co-Founder Matthew Roszak Co-Founder Gabriel Montes Blockchain Engineer Phil Gomes Communications Zane Huffman QA / Documentation Manoj Patidar Principal Engineer Matt Kirincic Strategy Rohit Solia Smart Contract Engineer
OVERVIEW: PRODUCTS AND PROJECT
Vespers Four Pillars Longevity Quality Trust Community
Vespers First Product: HOLDING POOLS Make your crypto holdings work harder for you.
Vespers First Product: HOLDING POOLS Deposit BTC, earn compounding BTC interest ETH, WBTC and USDC Yield aggregator Targets Risk free rate Crypto is never risk-free Balance always increases, absent existential events. No impermanent loss Risk levels Aggressive: High risk, higher yield Conservative: The opposite Criteria: Liquidity Quality Score Audience(Con.) - OG Holders, Institutions, DeFi cautious Audience(Agg.) - Crypto Quality - Audits, Testing, Staged Roll-Out
POOL FACTORY Expanded Pool offering DIRECTED POOLS (future) FUNDRAISING (future) CHARITABLE GIVING (future) Vesper is a suite of Decentralized Financial products built by the community, powered by the VSP token. HOLDING POOLS
Vesper Products: Peek at the future Core Multi-pool Front pools & back pools More strategies Holding Pools Pattern: Deposit X, Earn X More cryptos Some stablecoins V2 VSP gov token vVSP gov & revshare pool Compound gov module Directed Pools - Programmed yield Pattern: Deposit X, Earn Y Direct yield to ____________ Deposit ETH, earn MET Deposit ETH, earn USDC Pool Factory Create your own pool Vesper strategy + ERC20 = Pool Developers Open source Discord & GitHub Staged release Skunkworks: NFT asset packages, collateral-backed tokens, L2 yield, on-chain competitions & more.
The Vesper Ecosystem Pool User 1.5% Withdraw Fee + 15% Platform Fee Founders Community Developer User Written Strategy 95% 5% 5% 95% vVSP Staker vVSP Holding Pool Treasury Box vCOOL Split VSP Buy Back vToken
BETA: EXPECTATIONS & REACTION
Vesper beta - expectations Quality: Beta testing a necessity Tested & Audited Until its ready - est. 2-4 weeks Beta pools = Production pools Unless testing indicates otherwise VSP token not yet deployed Governance not yet deployed (multi-sig) Deposits may be paused, if > $25M Deposits & Withdrawals may be paused, upon black swan Incentivized Beta Rewards Clock started Dec. 22 at 3pm (Block# 11505322) 100,000 VSP per pool, proportional to deposit x time 100% claimable on Day 0 Continuous UI updates
Vesper beta - outcomes Beta feedback from community Rewards details Yield display Units: daily, weekly, Denom.: native or USD Easy to use, super smooth UI, a breeze User-side wallet issues Improve docs/examples? New-to-DeFi user guides/youtubes Moar charts & graphs Pool/user summary page Improve mobile experience Add yield source <xyz> Launch status: Contracts: Green Dapp: Green Website: Yellow to Green Monitors: Yellow to Green Comms: Green
BONUS: Tokenomics & Governance preview
TOKENOMICS Draft #2 - NOT FINALIZED 3M Holding Pools 1M Liquidity Mining 2.5M Reserves 3.5M Team, Advisors, Strategic Partners 10M TOTAL Team/Partner Round Vesting: 1/12th up front, then streaming for 11 months Token Price: $2.50* (*Informational purposes only, not a solicitation) 65% Distributed to Vesper Community
Vesper Governance - Draft #1 - NOT FINALIZED Phase I Bloq & external partners will establish a multi-sig with admin powers and agree to the rules of the social contract. These powers will progressively shift over time toward a community run DAO. Phase II VSP holders can propose Vesper Improvement Proposals (VIPs) that will be voted on by the Vesper DAO, built from Compound GOV module. Bloq & external partners have a social contract to review and implement VIPs that have majority support. Phase III VIPs that pass with majority rule will be accepted and implemented. Bloq & external partners retain the right to veto in emergency situations. Phase IV The Vesper DAO assumes all responsibility and power. Bloq & external partners relinquish all admin privileges. 1 2 3 4
Q&A from Discord
THANK YOU! Website: https://vesper.鍖nance/ Email: hello@vesper.鍖nance Medium: https://medium.com/vesper鍖nance Twitter: @VesperFi Telegram: https://t.me/vesper鍖nance

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Vesper Beta - zoom 1 presentation

  • 2. Agenda Introduction Vesper Overview - Products and Project Beta expectations and reactions Answers to community questions
  • 4. Vesper Products Crypto holding pools at launch that enable users to passively increase their crypto holdings. VSP incentivizes and catalyzes participation, facilitates governance, and funds further development and growth of Vesper. Building a network of users to sustain and grow the product portfolio, with a progressive plan for decentralization. Team Vesper Token Vesper DAO Symbol Beta Launch Token Type Website Total Supply Auditors Integrations VSP December ERC20 vesper.鍖nance 10 million Introduction Jeff Garzik Co-Founder Jordan Kruger Co-Founder Matthew Roszak Co-Founder Gabriel Montes Blockchain Engineer Phil Gomes Communications Zane Huffman QA / Documentation Manoj Patidar Principal Engineer Matt Kirincic Strategy Rohit Solia Smart Contract Engineer
  • 6. Vespers Four Pillars Longevity Quality Trust Community
  • 7. Vespers First Product: HOLDING POOLS Make your crypto holdings work harder for you.
  • 8. Vespers First Product: HOLDING POOLS Deposit BTC, earn compounding BTC interest ETH, WBTC and USDC Yield aggregator Targets Risk free rate Crypto is never risk-free Balance always increases, absent existential events. No impermanent loss Risk levels Aggressive: High risk, higher yield Conservative: The opposite Criteria: Liquidity Quality Score Audience(Con.) - OG Holders, Institutions, DeFi cautious Audience(Agg.) - Crypto Quality - Audits, Testing, Staged Roll-Out
  • 9. POOL FACTORY Expanded Pool offering DIRECTED POOLS (future) FUNDRAISING (future) CHARITABLE GIVING (future) Vesper is a suite of Decentralized Financial products built by the community, powered by the VSP token. HOLDING POOLS
  • 10. Vesper Products: Peek at the future Core Multi-pool Front pools & back pools More strategies Holding Pools Pattern: Deposit X, Earn X More cryptos Some stablecoins V2 VSP gov token vVSP gov & revshare pool Compound gov module Directed Pools - Programmed yield Pattern: Deposit X, Earn Y Direct yield to ____________ Deposit ETH, earn MET Deposit ETH, earn USDC Pool Factory Create your own pool Vesper strategy + ERC20 = Pool Developers Open source Discord & GitHub Staged release Skunkworks: NFT asset packages, collateral-backed tokens, L2 yield, on-chain competitions & more.
  • 11. The Vesper Ecosystem Pool User 1.5% Withdraw Fee + 15% Platform Fee Founders Community Developer User Written Strategy 95% 5% 5% 95% vVSP Staker vVSP Holding Pool Treasury Box vCOOL Split VSP Buy Back vToken
  • 13. Vesper beta - expectations Quality: Beta testing a necessity Tested & Audited Until its ready - est. 2-4 weeks Beta pools = Production pools Unless testing indicates otherwise VSP token not yet deployed Governance not yet deployed (multi-sig) Deposits may be paused, if > $25M Deposits & Withdrawals may be paused, upon black swan Incentivized Beta Rewards Clock started Dec. 22 at 3pm (Block# 11505322) 100,000 VSP per pool, proportional to deposit x time 100% claimable on Day 0 Continuous UI updates
  • 14. Vesper beta - outcomes Beta feedback from community Rewards details Yield display Units: daily, weekly, Denom.: native or USD Easy to use, super smooth UI, a breeze User-side wallet issues Improve docs/examples? New-to-DeFi user guides/youtubes Moar charts & graphs Pool/user summary page Improve mobile experience Add yield source <xyz> Launch status: Contracts: Green Dapp: Green Website: Yellow to Green Monitors: Yellow to Green Comms: Green
  • 15. BONUS: Tokenomics & Governance preview
  • 16. TOKENOMICS Draft #2 - NOT FINALIZED 3M Holding Pools 1M Liquidity Mining 2.5M Reserves 3.5M Team, Advisors, Strategic Partners 10M TOTAL Team/Partner Round Vesting: 1/12th up front, then streaming for 11 months Token Price: $2.50* (*Informational purposes only, not a solicitation) 65% Distributed to Vesper Community
  • 17. Vesper Governance - Draft #1 - NOT FINALIZED Phase I Bloq & external partners will establish a multi-sig with admin powers and agree to the rules of the social contract. These powers will progressively shift over time toward a community run DAO. Phase II VSP holders can propose Vesper Improvement Proposals (VIPs) that will be voted on by the Vesper DAO, built from Compound GOV module. Bloq & external partners have a social contract to review and implement VIPs that have majority support. Phase III VIPs that pass with majority rule will be accepted and implemented. Bloq & external partners retain the right to veto in emergency situations. Phase IV The Vesper DAO assumes all responsibility and power. Bloq & external partners relinquish all admin privileges. 1 2 3 4
  • 19. THANK YOU! Website: https://vesper.鍖nance/ Email: hello@vesper.鍖nance Medium: https://medium.com/vesper鍖nance Twitter: @VesperFi Telegram: https://t.me/vesper鍖nance