ThorFi Partners with Vesper
ThorFi Announces a Co-Marketing Partnership With Vesper Finance
In addition to launching Vesper Pools this month, ThorFi is joining forces with Vesper Finance in a co-marketing partnership. The strategy intends to convey information about the new staking pools to each respective audience, which will benefit both platforms. There is also a financial benefit (a 0.5% to 1.0% balance fee for ThorFi), while our community benefits from new access and utility.
More on Vesper
Vesper pools tokens of the same kind from many depositors to generate yields for its participants. Vesper pools automatically go to work for you, as they are used to borrow, lend, and farm yield across various DeFi projects. Each pool has a deposit asset type, yield asset type, deployment approach (employing one or more strategies), and risk level. Depending on the asset or assets the user wishes to use and their risk tolerance, there are various pools to invest in.
Why We’re Bullish On This Partnership
Vesper Finance is a reliable and trustworthy platform founded by former Bitcoin core developer Jeff Garzik, Bloq, Inc co-founder Matthew Roszak and Bloq, Inc head of DeFi Jordan Kruger. Their DeFi products allow easy-to-use, passive investing.
Partnering with Vesper and Vesper Pools offers ThorFi the financial benefit of a 0.5%–1.0% balance fee, plus it locks up $THOR tokens and offers utility. For our community, the partnership provides access to staking with multiple tokens in one location; the location results from multiple staking locations consolidated into one. The financial incentive is the ability to generate interest/yield from the pools.
As the partnership powers up, keep checking in on our dApp, which will have direct access to a suite of pools and will stay up to date to provide users with a reliable pool to store their favorite coins.
We’re excited about this partnership, the pools, and giving new visibility and utility to $THOR.
With thanks to our community,
The ThorFi team