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Jeff Garzik

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the PlatformCoinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, […]

Crypto Stories: Scott Melker tells the story of how he became The Wolf of All Streets

Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower

Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s HashpowerOn October 21, the bitcoin mining pool operator Titan revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project aims to commodify bitcoin’s hashpower “through smart contracts, making hashpower tradable.” Bloq’s Mining Arm Titan Announces the Lumerin Protocol The bitcoin mining operation Titan, a subsidiary of the company Bloq Inc., has announced its […]

Crypto Stories: Scott Melker tells the story of how he became The Wolf of All Streets

An In Depth Look at Bitcoin’s First Chain Split: Satoshi Helps Reverse the Creation of 184 Billion BTC

An In Depth Look at Bitcoin’s First Chain Split: Satoshi Helps Reverse the Creation of 184 Billion BTCSince January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the […]

Crypto Stories: Scott Melker tells the story of how he became The Wolf of All Streets

Jeff Garzik’s DeFi protocol Vesper Finance tops $1B TVL in six weeks

Within six weeks of launching, Vesper Finance, a DeFi yield platform co-founded by former Bitcoin Core developer Jeff Garzik, has amassed a $1 billion TVL.

Vesper Finance, a recently launched DeFI yield suite co-founded by former Bitcoin core developer Jeff Garzik, has surpassed a TVL of $1 billion within six weeks of launching on mainnet.

Garzik, also an executive of blockchain technology firm Bloq Inc, tweeted the news on March 23 while also revealing the team had open-sourced its smart contracts. Vesper’s CEO also noted the protocol’s open source transferable NFT container can be used to package, transfer and auction any amount of non-fungible tokens and ERC-20s.

The protocol has seen spectacular growth since amassing $25 million during its Beta, which ran from Dec. 22 until Feb. 17. By March 9, Vesper’s total value locked had ballooned to $500 million, before doubling over the past fortnight.

According to decentralized finance analytics provider DeFi Llama, Vesper currently ranks as the 15th-largest protocol with a TVL of $1.09 billion — sitting above Badger DAO and behind Autofarm.

The platform currently offers five single-asset pools, offering yields to investors who deposit DAI, USDC, ETH, WBTC, or Vesper’s native token, VSP. Rewards are also offered to depositors in the form of VSP for most assets.

The WBTC vault is currently the most popular pool with nearly $420 million locked, followed by ETH with $382 million, USDC with roughly $222 million, and VSP with $72 million. Only $259,074 has been deposited into the DAI pool.

All of Vesper’s current pools are described as being at a “conservative” risk level, with the team indicating pools offering higher risk profiles will be launched in future.

Vesper Finance was also co-founded by billionaire investor and Bloq, Inc co-founder, Matthew Roszak, and Bloq, Inc head of DeFi, Jordan Kruger.

Crypto Stories: Scott Melker tells the story of how he became The Wolf of All Streets