Vesper Finance and Index Coop Deliver the Easiest Way to Gain Exposure to DeFi

Newly Launched Vesper Earn Allows Users to Deposit the DAI Stablecoin and Earn the DeFi Pulse Index (DPI) Token as Yield

Vesper Finance, an easy-to-use decentralized finance (DeFi) platform for digital asset growth, announced a collaboration with Index Coop’s DeFi Pulse Index for its new Vesper Earn product. Vesper Earn allows users to deposit the DAI stablecoin and earn yield in the DeFi Pulse Index (DPI) token –– a market basket of top DeFi protocols.

“Vesper’s collaboration with Index Coop takes that a step further by offering Vesper Earn users an easy way to build their category-wide exposure to DeFi.”

Instead of simple compounding, Vesper Earn converts the depositor’s yield from DAI into DPI, automatically delivering exposure to the DeFi category. By combining the ability to hold a stablecoin and earn yield in DPI, users have a new way to gain exposure to a breadth of leading DeFi projects through a single asset.

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Index Coop was Vesper’s exclusive launch collaborator for Vesper Earn, which also includes deposit/earn pairs for ETH-to-DAI, DAI-to-ETH, WBTC-to-DAI, and DAI-to-WBTC.

“The DeFi Pulse Index effectively delivers market exposure to leading DeFi projects, and Vesper is proud to be one of its most recently included components,” said Jordan Kruger, co-founder of Vesper Finance. “Vesper’s collaboration with Index Coop takes that a step further by offering Vesper Earn users an easy way to build their category-wide exposure to DeFi.”

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“Vesper Earn’s DAI-to-DPI pool extends the utility of the DeFi Pulse token, delivering a simple way for users to gain sector-wide exposure to decentralized finance,” said Simon Judd, head of business development for Index Coop. “This work complements our focus on building Index Coop to become one of the premier companies for building and delivering innovative crypto financial instruments”

For more conventional yield, users can deposit DPI into Vesper Grow to earn yield in the form of both additional DPI and the Vesper platform token, VSP.