Multi-Chain and Cross-Chain Deployments

Multi-Chain and Cross-Chain Deployments

Vesper has been engineered to make its contracts easy to port Ethereum and Ethereum-like blockchains such as Optimism/Base, and eventually to newer protocols that are not modeled on the Ethereum Virtual Machine (EVM).

Vesper Pools on Optimism and Base

The fees to use the Ethereum Network are high. High fees affect all users, but they particularly exclude a large portion of the world, people of modest means, from participating in DeFi at all. One of Vesper's stated principles is to be inclusive in crypto, bringing the benefits of financial freedom and financial inclusion to as many people as possible.

With that in mind, Vesper has deployed the VSP token and a selection of Grow pools on the Optimism and Base Networks as a first step towards making Vesper more accessible to broader communities. These pools will route through protocols like Aave to earn the greatest sustainable yield presented on those platforms.

For Vesper depositors, choosing which network to participate on is as simple as selecting from the pull-down on the Vesper App. Note, however, that in order to use Vesper pools on Optimism (or any other network), you must have assets on that platform.

Optimism and Base are Layer 2 networks that work directly with Ethereum Mainnet. These Layer 2s process transactions separately but regularly submit their data back to Ethereum for security. Vesper's smart contracts that are deployed to them are very similar, if not identical, to those deployed to Ethereum. Both Optimism and Base use optimistic rollups, which means they bundle multiple transactions together before sending them to Ethereum Mainnet, making transactions faster and cheaper for users.

Yield Sources For the Same Pools Differ on Each Blockchain

Note that even though Vesper pools on Layer 2's leverage the same smart contract code as their counterpart pools on the Ethereum mainnet, the yield sources, and thus returns, will likely be different.

VSP Rewards May Differ on Each Blockchain

Some Vesper Grow pools offer participants rewards for participation in the form of VSP tokens. The VSP yield is in addition to the base asset. That is, if, for example, a USDC pool has VSP rewards, it yields both USDC and VSP. The rewards on other blockchains do not always follow the same schedule as rewards for the corresponding Grow Pools on Ethereum. Rewards are subject to periodic adjustment. To see the current reward for any pool on either blockchain, use the Vesper app.