Vesper’s First Multi-chain Integration Delivers Flexibility, Lower Transaction Fees
Vesper Finance, an easy-to-use decentralized finance (DeFi) platform for digital asset growth, announced that users can now deposit and withdraw their funds through Vesper Grow pools via the Polygon network on the Vesper app. This integration enables greater flexibility and lower network transaction fees for Vesper users.
“The Polygon network continues to prove out its thesis of a seamless chain-of-blockchains. We’re proud to welcome the Vesper community to Polygon, advancing our shared vision for a multi-chain DeFi future”
Polygon Integration Starts with the Vesper Grow Family of Pools
Vesper Grow delivers a well-audited, easy-to-use, set-and-forget way for depositors to earn yield on their crypto assets. Initial Vesper Grow pools supported on Polygon are MATIC, USDC, DAI, WETH, and WBTC, with additional pools forthcoming based on community feedback.
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The MATIC token serves two purposes within the Polygon network –– to secure the network via staking and for the payment of transaction fees. In addition, the VSP token is now available on the Polygon network.
The Multi-chain Imperative
The popularity of DeFi has contributed to high transaction fees (also known as “gas”) on the Ethereum network, upon which many major DeFi projects were originally built. As a protocol for building and connecting Ethereum-compatible blockchain networks, Polygon supports Vesper’s multi-chain ambitions, providing users with additional flexibility for how they participate in DeFi.
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“Vesper’s expansion beyond the Ethereum mainnet and onto Polygon empowers users with added choice, accessibility, and flexibility,” said Jordan Kruger, co-founder of Vesper Finance. “As the platform’s first ‘Layer 2’ integration, this marks the start of Vesper’s multi-chain future.”
“The Polygon network continues to prove out its thesis of a seamless chain-of-blockchains. We’re proud to welcome the Vesper community to Polygon, advancing our shared vision for a multi-chain DeFi future,” said Dean Thomas, Global Head of Institutional Capital at Polygon.
