Vesper VSP

[Anonymous No.30193004]

I'm financially ruined.

[Anonymous No.30193259]

less obvious scam than ID but still in the same tier. So many red flags about the team, the 35% team distribution, the very short unlock schedule of team's share, vsp pool rewards much higher than actual revenues, etc.

[Anonymous No.30193471]

>>30193259
nooo it's FUD! it's normal for a token to distribute 35% to team and VC!!!

[Anonymous No.30193527]

>>30193259
>vsp pool rewards much higher than actual revenues, etc.
What's the deal with this?

[Anonymous No.30193659]

>>30193527
>What's the deal with this?
pic rel from yestedays data. the numbers dont add up. theres no way 30M+ usd is being withdrawn daily. also before people point out gysr tokens, it only accounts for less than 200K$ in 2 weeks. look up the gysr address

the fees generated are far lower than whats being "distributed". I say "distributed" because they dont even distribute it right away, only when people withdraw from the vVSP pool. Which indicates that it could be a ponzi. They advertise an APY higher than what generated but dont distribute it, so they only get caught if a large proportion of the vVSP pool withdraws

[Anonymous No.30193703]

>>30193659
He's calculated annual fees from an APY that changes over time? Well OK.

[Anonymous No.30193832]

>>30193659
i love when people fudding a token label things like "badmathjeff.jpg" for their folder to continually pull up when looking after peoples financial wellbeing

[Anonymous No.30193853]

>>30193703
vvsp apy has been hovering between 100% and 500% for a full week now. and other pools apy's have been pretty stable aside from DAI but its tiny TVL makes it irrelevant.

[Anonymous No.30193917]

>>30193832
while you are contributing to convicted insider trader matt roszak and other rich serial scammers financial wellbeing, im trying to save a few people from pic rel.
https://www.sec.gov/litigation/litreleases/2006/lr19722.htm

[Anonymous No.30193959]

>>30193659
I'm not being funny but the "divide by 0.6%" bit just divides by 0.6, not 0.6%

Am I wrong? This is important.

It seems unlikely that a doxxed team with Garzik on it would just outright go for a Ponzi too.

[Anonymous No.30193984]

>>30193917
blows my mind that people are still falling for VC scams when most big DeFi products of 2020 were made by anon devs

[Anonymous No.30193989]

>Let's see the people behind VESPER:
https://vesper.finance/about/

>Same team and advisors behind failed Metronome currency:
https://metronome.io/about/

>Same team and advisors behind failed Spacechain vaporware:
https://spacechain.com/

>Same team and advisors behing failed SCAMMY BTC FORK Unitedbitcoin:
http://www.ub.com/
https://news.bitcoin.com/after-segwit2x-failed-jeff-garzik-reveals-united-bitcoin/

>Oh wait they don't even associate themselves with this one anymore, I wonder why:
https://news.bitcoin.com/united-bitcoin-may-be-the-most-controversial-fork-to-date/

>Centralized ghost chain scam:
"One Out of Only Two Miners Controls 70% of the Network’s Hashrate"

>They asked FULL KYC in order to be elligible to their scammy airdop:
"The most controversial part of the project is the opt-in airdrop feature which basically means a bitcoin holder must give up some form of identification to obtain UBTC. In order to even get started with UBTC, a user must supply a valid email address and a mobile phone number."

>They wanted to steal Satoshi's coins and other inactive wallets to enrich themselves:
"Another contentious issue with UBTC is the Foundation’s claiming of “unused addresses” which means after a period of time inactive addresses will be used for future development."

>b-but jeff is an OG bitcoin dev, he must be a bilionnaire, why would he risk his reputation with scams?!
he only held 348 btc back in 2014, hes no bilionnaire: https://twitter.com/jgarzik/status/480454809791635456

Conviniently they always launch projects during the bull market.... With VESPER, they allocated themselves 35% of the total supply and they arnt't even locked for one full year, 1/12th is unlocked (and dumped) every month! It certainly doesnt look like they are in for the long term.

[Anonymous No.30194003]

>>30193959
Oh no I'M WRONG haha

[Anonymous No.30194176]

>>30193984
Exactly. Every project that was shilled with "all star teams" from tradfi or top universities, they all failed. Satoshi, vitalik, sergey, and all the innovators in the space come from the fringe.

[Anonymous No.30194286]

>>30193989
>>/biz/image/rWT3dMMnO7qgZruKg1aViw

[Anonymous No.30194308]

>>30193259
>red flags
United Bitcoin. I'll say no more.

[Anonymous No.30194453]

>>30194308
they shill vsp saying bitcoin OG jeff garzik is a crypto genius, but when you point out his several scams and failures (s2x, UB, MET, SPC) they revert and say we cant judge VSP based on the team's past failed projects.

[Anonymous No.30194460]

why couldn't you all fud this hard when vsp launched? i wouldn't have bought such a heavy bag if I knew about united bitcoin

[Anonymous No.30194560]

>>30194460
I did FUD it, but people ignore because they're blinded by euphoria or angrily flood your message away. There are so many amazing DeFi projects out there sitting below #500 on Coingecko but they don't get 100 post threads every day because they're focusing on fundamentals instead of marketing

[Dipdoven No.30194643]

it doesn't matter mate. wait for the pulsenetwork sale. they have done great things in the healthcare field. The initial marketcap is too low. They have an application like pulse pocket and it is revolutionary. fuck the market.

[Anonymous No.30194690]

>>30194560
>There are so many amazing DeFi projects out there sitting below #500 on Coingecko
name one

[Anonymous No.30194706]

You weren't actually thinking a .finance product was going to be anything else than a short-term play, right?

[Anonymous No.30194857]

>>30194460
it takes time to research new projects. also, the shilling was very intense combined with increasing price and tvl. now that the dust is settling the truth is coming out. thats why you dont buy a project at launch. When you look at it, vesper is only a yield aggregator like YFI (that they are copying) but with a ultra-simple normie-friendly interface. They put togheter the app in only 4 months. They rushed it to release during the bull run and make a lot a money. they say vesper has been in dev since 2019 but its a lie, because the original product had nothing to do with a yield agg: https://www.youtube.com/watch?v=fBVZNLy8xmg
they created the vesper twitter in aug. 2020, a few months after YFI's launch. They basically recycled the vesper name and copied YFI

[Anonymous No.30194898]

>>30193659
This is the only thing in this thread that interests me, 35% is standard for VC's, look at GRT or LINK. But the numbers look stupid. You can't calculate fees over a year form a snapshot of an APY that's constantly changing, that's daft.

[Anonymous No.30194936]

It has more TVL than yearn. I think we will be OK

[Anonymous No.30194945]

>>30194898
see >>30193853

[Anonymous No.30195035]

>>30194936
does yearn offer 50%+ bonus APY? no it does not. Compare VSP's TVL when the bonus incentives are over. Right now the TVL comes from high yield chasers. when the free gibs run out the TVL will move to other high yield farms. You think the 150M tvl in wBTC is there for the sub 1% yield? kek

[Anonymous No.30195059]

>>30193853
Yes, that's a pretty wide spread.

[Anonymous No.30195183]

>>30195059
even with the lower end of 100% apy on vvsp it still needs 11M$ daily withdrawal, which is not happening

[Anonymous No.30195189]

>>30194936
I can't tell if this thread is FUD from bargain hunters who want to buy at a lower price or just ADHD retards. Spreadsheet anon/toilet tranny clearly has a personal vendetta against Garzik, I'm guessing because he is holding heavy United Bitcoin bags.

Regardless VSP is a future blue chip DeFi, it already has more TVL than YFI and it directly gives you revenue instead of merely being a "governance token" the only theoretical use for which is voting in homosexual "elections." So if your VSP bags feel heavy, by all means sell, I am looking to DCA down, VSP is worth $100 minimum at the same MC as YFI (which, again, it has already exceeded in TVL)

[Anonymous No.30195239]

>>30195035
Does a YFI token directly give its holders revenue, you foot sniffing retarded faggot

[Anonymous No.30195337]

>>30195183
But isn't that just tokens being released?

[Anonymous No.30195347]

>>30194690
YAX, SDT, and BUIDL are all between 600 and 700. I'd also consider ALCX at #419

[Anonymous No.30195409]

I can tell you what going to happen with this project: TVL and price will crab or slightly rise until incentives are over. When incentives are over the tvl will decrease and the dumpening of rewards and team tokens will drop the price of vsp. Then the bubble of this cycle will pop and the remaining TVL will bleed even more. Then a 1yr from now all the teams token will be unlocked and ready to be dumped. The team will slowly abandon the development saying muh bad timing and muh unfortunate market cycle (like they sayd for every past failures). vesper will slowly fade into obscurity and they will launch another scam in the next bull run

[Anonymous No.30195414]

>>30195337
Yes, for the most part, the current VSP APY rewards are in large part a bonus for early stakers. This anon is blinded by his unhinged hatred of Garzik because he is left holding the bags from a previous failed project, which he calls a "scam" because he is an emotionally incontinent retard

[Anonymous No.30195422]

>>30195183
Also your balance C=(B-A) gives a negative number

[Anonymous No.30195464]

>>30195347
ALCX tokenomics are even worse than Vesper

[Anonymous No.30195530]

>>30195464
Vesper is the only lending-side DeFi project with tokenomics worth a shit. Bancor is a good product but BNT does not distribute revenue

[Anonymous No.30195543]

>>30195337
no. read the docs. VVSP apy comes from revenues alone, no incentive. revenues comes from 3 ways: 1) 15% on yield from other pools 2)0.6% on tvl withdrawn 3) gysr tokens used in gysr lp farming (which is less than 200k usd in 2 weeks). read the docs and you will get what Im showing is all true

[Anonymous No.30195606]

>>30195422
yes it should be A-B, the calculations are right only the label isnt

[Anonymous No.30195693]

>>30195239
BTC ETH and USDC TVL dont give a fuck about the platform token. they are there for the yield, not to enrich token holders. If a whale brings $100M TVL he will compare platform's risks and rewards, he wont give a fuck about the tokenomics of YFI and VSP because it doesnt affect him.

[Anonymous No.30195697]

>>30195464
At the very least, it has an interesting product which induces plenty of natural demand. Can't say the same for VSP, where the token straight up dies once rewards dry up.

[Anonymous No.30195844]

>>30195697
Agreed, but I don't think ALCX should be bought and held, only alUSD minting+staking is worth it

[Anonymous No.30195985]

>>30195606

There's some samefagging going on in this thread.

There's also huge variation 100% TVL for vVSP gives about 5,000,000 withdrawals a day to cover the fees, and that 100% will be lower in future so...

[Anonymous No.30196032]

>>30195693
So in your definitely neither gay nor retarded opinion, is YFI a "scam"? Why or why not?

[Anonymous No.30196101]

>>30193259
>>30193659
the toilet tranny that spends hundreds of hours
>photoshopping pictures of shit
>posting these pictures in every single Vesper thread
>calculating Vesper rewards based on the peak APY that was seen on the vVSP pool
>finds and comments this in every single Vesper thread
but then when you tell him to simply post this in the discord or telegram where Jeff Garzik can personally respond to him, he claims he is "not interest enough" to do that, or "doesn't use discord"


in other words, kys you fucking faggot

[Anonymous No.30196291]

>>30193917
>im trying to save a few people from pic rel.
bullshit
if that were true you would have called out the team a long time ago instead of literally shitposting here

[Anonymous No.30196311]

>>30195985
no you are wrong, pic rel

[Anonymous No.30196343]

>>30193984
>most big DeFi products of 2020 were made by anon devs
none of them have anon devs except for sushi in the beginning

[Anonymous No.30196372]

>>30196291
>if that were true you would have called out the team a long time ago instead of literally shitposting here
what do you think im doing retard? im calling them out here >>30193989

[Anonymous No.30196444]

>>30196343
All the rugpulls had anon devs I think

[Anonymous No.30196452]

>>30196032
no its not. they are innovating and are being copied. VSP is to YFI what TRON is to ETH

[Anonymous No.30196505]

>>30196311
Well yeah that is a big difference

[Anonymous No.30196513]

>>30194857
>>30196372
>they created the vesper twitter in aug. 2020, a few months after YFI's launch. They basically recycled the vesper name and copied YFI
again, post it in discord and tag garzik, you spineless faggot

shitposting on biz is not calling them out, they are not reading biz
post your comments in discord and then you screenshot the reply you receive here
that is what someone that actually has "pure" motives would do

my guess is you either bought the top of the vsp pump, you are bagholding MET or any of the other projects, or you are some core/blockstream faggot who hates garzik

[Anonymous No.30196537]

>>30196101
If I came on discord id get banned after 1 post. I stay here where im uncensored. Hes free to come here and argue with me. This board is a neutral place to argue, unlike his personal discord

[Anonymous No.30196549]

>>30196452
YFi doesn't pay fees to stakers so it isn't a copy

[Anonymous No.30196604]

>>30196537
Mate you're a nutcase if you think Garzik is going to come onto a Portuguese Lobster Farmer Forum to debate things with you

[Anonymous No.30196606]

>>30196452
YFI is a insecure piece of shit made by a very questionable african who seems to launch a million different shitcoins weekly and jump from project to project
strangely all projects associated with him seem to suffer from exploits sooner or later
nobody outside the crypto degenerates would put a single dollar in some testing in prod bullshit

[Anonymous No.30196629]

Hey anon ! Check mochimo

[Anonymous No.30196651]

>>30196604
Garzik doesn't even know this post exists

[Anonymous No.30196674]

>>30196537
I guarantee you wont get banned, simply state your questions and findings about the revenue, and the deviation from the original vesper project scope, exactly like you did here without being a dick about it and they will respond

[Anonymous No.30196691]

>>30196513
this faggot is bagholding UBTC and is extremely salty about it. MET is actually doing quite well, he wouldn't be nearly this butthurt

I don't think anyone holding VSP expects 500% or even 100% APY indefinitely, but that just has no bearing on whether the product is "a scam"

>>30196452
Curve is permanently illiquid and YFI is a governance token. kys tranny

[Anonymous No.30196690]

>>30196604
try to bring up united bitcoin on the discord and see how long you last.

[Anonymous No.30196749]

>>30196690
what the fuck are you talking about you utterly retarded faggot. people have brought it up several times. the answer is the same: "sometimes, projects fail." there's literally nothing else to say about it

sorry your UBTC bags are so heavy and you are such an emotionally incontinent faggot

[Anonymous No.30196778]

>>30196690
I doubt anyone gives a shit about ancient history from the BTC scaling wars. I certainly don't

[Anonymous No.30196802]

>>30196691
>this faggot is bagholding UBTC and is extremely salty about it. MET is actually doing quite well, he wouldn't be nearly this butthurt
exactly, he keeps finding excuses for why he can't confront the team directly and instead fuds every single vesper thread on biz

[Anonymous No.30196998]

>>30196691
>>30196778
>>30196802
discord shills are in to throw coordinated ad hominems because thats all their brain capacity allows them to do

[Anonymous No.30197056]

>>30195347
>YAX
token does nothing except governance

>ALCX
a bot bought over 6 million worth when it "stealth" launched (literally the same block)
must be an inside job why the fuck would anyone buy this scammy overvalued piece of shit

[Anonymous No.30197077]

>>30196998
I'm not throwing ad hominems, aside from the nutcase comment but if you're surprised by that I don't think the 4channel community is for you.

[Anonymous No.30197129]

>>30196998
>discord shills are in to throw coordinated ad hominems because thats all their brain capacity allows them to do
says the spineless loser who wastes hundreds of hours on vesper threads on biz, but is too much of a pussy to post it in the discord where the team could destroy your fud

[Anonymous No.30197246]

[Anonymous No.30197285]

>>30196998
stop lying. UBTC has come up in the discord several times and every time the answer is the same: "sometimes, projects fail." there's literally nothing else to say about it. now 41% yourself, tranny

[Anonymous No.30197710]

>>30197285
kek toilet tranny is out of excuses

[Anonymous No.30198043]

>>30197710
dont have to give more answers I have to go, ill come back later today if there's a vesper thread still up. In the meantime, question him not about success or failure of UBTC, but about intentions behind the controversial stuff they proposed, like KYC, taking satoshis wallet etc.

[Anonymous No.30198111]

Imagine being able to buy this token under 1k
All of you fudders are delusional if you don't see even see a good short term profit here, it's easily going to at least $100 very soon.
Imagine this project hitting a CEX like Binance

[Anonymous No.30198528]

>>30198111
checkedddd

[Anonymous No.30198752]

>>30198043
Your numbers are way off. It's that simple.

[Anonymous No.30199161]

>>30198752
Give your own numbers then, his makes total sense to me.

[Anonymous No.30199591]

>>30199161
He's giving an earning rate that never goes below 100% and calculated it on 300%. RIGHT NOW it's at 83%. It varies hugely over time but his numbers don't allow for that.

[Anonymous No.30201150]

>>30199591
see my 2nd post with 100% >>30196311
Do you think theres more than $10M daily withdrawals? no theres not

[Anonymous No.30201499]

>>30201150
I thought you had to go?
or did you just run out of excuses anon

[Anonymous No.30201573]

>>30201150
83%
>>30198752
The APY varies. A lot.

[Anonymous No.30201637]

>>30193853
"Hovering between 100% and 500%"

[Anonymous No.30201925]

>>30201150
At any rate your numbers are dogshit as I don't see them taking into account the release of new VSP tokens.

[Anonymous No.30202152]

>>30201499
im back, I tought the thread would die in my absence
>>30201573
with 83% there needs to be $8.5M tvl withdrawn daily (which is NOT happening)
>>30201925
Because vsp incentives have nothing to do with VVSP pool rewards. read the docs and read this post >>30195543

[Anonymous No.30203580]

>>30202152
>Because vsp incentives have nothing to do with VVSP pool rewards. read the docs and read this pos
That's not what it says here:
https://docs.vesper.finance/vsp-economics/supply-dynamics

[Anonymous No.30203906]

>>30202152
This thread and the absolutely pathetic fud you're putting out are very bullish. I am going to buy 300 more later today. Thanks.

[Anonymous No.30203950]

>>30203580
>https://docs.vesper.finance/vsp-economics/supply-dynamics
cant you read?
>Users can deposit their tokens to the VSP treasury pool. Just as depositing your ETH in the ETH pool creates vETH, depositing VSP tokens in the VSP treasury creates vVSP.
>After withdrawal and yield fees are collected in the pool (ETH, BTC, USDC, etc.), they go to the Treasury Box and are used to buy back VSP on Uniswap. This VSP is delivered to vVSP pool participants as yield on their deposit.

[Anonymous No.30204028]

>>30203950
Yes, I read those sentences and the other ones too.
>Each Vesper Grow pool is assigned an amount of VSP tokens, and these are distributed to participants proportionate to size of their stake in the pool. Initial pools are incentivized for twelve months after launch.
>These VSP tokens are an extra reward on top of the passive yield the pool generates.

[Anonymous No.30204336]

>>30203950
Further:
>Launch Pools (2,550,000 VSP)
>450,000 allocation to pre-launch Beta participants, airdropped at launch
>2,100,000 over twelve months, heavily weighted towards the first three months

[Anonymous No.30204398]

Meanwhile Vespers TVL is above YFI and heading for FARM

[Anonymous No.30204521]

>>30204028
>>30204336
Not for the vVSP pool. the vVSP pool is the only pool not receiving incentives, but only revenue share from the network fees. And network fees are: >>30195543

[Anonymous No.30204622]

>>30204398
see
>>30195035
>>30195409

[Anonymous No.30205135]

>>30193259
>35% incorporates several different groups, including strategic partners who purchased VSP (that information is laid out a medium post on the strategic partners and also referenced throughout our materials and community calls). There was also some small amount sent out to community bounties and CM. Actual amount retained by team is around 22-23%. This is the exact same allocation that Aave and Yearn team gave themselves recently and seems in-line with other projects of our caliber. We also took a lot of inspiration from other competitors with similar functionality to Vesper, such as Idle and APY Finance. Our 65%/35% breakdown of community/internal is more favorable towards the community than both of these alternatives (idle is 60/40 and APY is skewed much higher towards the team)
Toilet tranny has been refuted many times on this point and he still keeps repeating it. Like I said when I find you I will destroy your means of accessing the internet and introduce your sister's asshole to a world only those women that were faced with the white terror knew. Yes this is a threat.

[Anonymous No.30205201]

>>30202152
The only one who's going to die soon is you

[Anonymous No.30205414]

>>30205135
lmao based castor oil bro at it again. I like the change up of insults. You keep at it, you put the fear into this retard.

[Anonymous No.30206041]

>>30204622
The thing that makes your FUD unbelievable is the part where you pretend to care about the rest of us. Nobody is buying that. Unless you're willing to go into the Discord and prove this isn't FUD then we all know you're just full of shit.

[Anonymous No.30206302]

>>30205135
>look there are some scam projects that are even more centralized than us! we are not the absolute worst in the industry so its all good!
the vast majority of defi projects have much less than 35%. Stop comparing youself to the worst in that regard, it makes it look even more scammy

[Anonymous No.30206451]

>>30205201
First it was empty ad hominems, not its death threats. If I measure myself with the opposition I create, it means im right and on the right track.

[Anonymous No.30206718]

>>30206451
you have to go back

[Anonymous No.30206753]

>>30206718
you have to stop shilling your bleeding bags

[Anonymous No.30206766]

>>30206302
LINK?

[Anonymous No.30206830]

>>30206753
Samefagging again. It's been hovering around $30 for most of it's existence at this point.

[Anonymous No.30207170]

>>30193659
there's no withdrawal fees on the VVSP pool. there's a lot about the table that isn't explained properly.

[Anonymous No.30207327]

>>30206753
first of all, kys for samefagging

second, my bags are packed nice and tight, and I have no interest in selling. I'm actually kicking myself a little bit for not boosting your FUD because it would allow me to buy more before VSP really takes off, however, on the whole I would rather my fellow /biz/tards get filthy fucking rich and getting in on Vesper below $50 is a very good way to accomplish that

so just keep seething and dilating, I'm sure Jeff Garzik will read your posts and respond to you personally any day now