19 posts tagged with "Announcement"

Vesu has successfully completed a planned migration to address a security related disclosure and strengthen the protocol's long-term security.

What this means for you​

All funds are safe and positions continue to work as expected, earn interest and DeFi Spring rewards.

Earn positions will show a ‘Migrate’ button, allowing users to migrate to new vTokens. In certain Starknet wallets like Argent Mobile, this migration happens automatically with your next interaction with Vesu.

Why we migrated​

As protocols grow, so does the complexity of maintaining and securing them. This migration addresses a bug responsibly disclosed through Immunefi and resolved in close collaboration with Chainsecurity, our curators, and wallet partners.

User funds are safe, and the fix is now fully implemented through this migration. Vesu continues to operate normally.

Thanks to Chainsecurity, Immunefi, and our partners across the Starknet ecosystem for making this transition seamless.

Questions? Reach us anytime on Discord.

The most expensive pizza ever. And the best case for BTCfi.

You already know the story. In 2010, Laszlo paid 10,000 BTC for two pizzas. One supreme, one cheese. It was the first time anyone bought something physical with Bitcoin. Back then, those 10k BTC were worth about $41. Today? Over $1 billion.

It’s crypto history. And if you ask Saylor? The takeaway is simple: "Never sell your Bitcoin."

Because what if Laszlo had borrowed instead? He could’ve kept the BTC, borrowed a few dollars for lunch, and still had a billion-dollar bag years later. That’s what BTCfi is here for.

Bitcoin began as an experiment. A wild idea shared in forums and mined on laptops. Then it became digital gold. Now it’s time to actually use it. Borrow against it. Earn with it. That’s BTCfi.

BTCfi is live on Starknet​

Here’s what you can already do today:

• Earn 6% APY on your Bitcoin
• Borrow USDC at just 0.5% APR against your Bitcoin
• Borrow USDC & spend it with your Argent Card

More opportunities incoming soon. Stay tuned!

This Bitcoin Pizza Day, maybe just borrow for the pizza.

We are thrilled to celebrate the 10-month anniversary of Vesu and its initial Genesis pool. Over the past ten months, Vesu has grown to become Starknet's largest lending market. The Genesis pool, the first and largest lending pool, stands as a testament to our commitment to innovation, user experience, and security.

A Journey of Growth and Innovation​

Since its inception, Vesu has operated autonomously, governed solely by math and code, without reliance on third-party interventions. This approach aligns perfectly with Starknet's ZKP-powered technology, ensuring a trustless and efficient lending environment.

On that journey, we have achieved significant milestones including the following;

🏆 Grow to the largest lending market on Starknet
🛡️ Onboard best-in-class pool curators like Re7 Labs
👛 Native wallet integration with Argent and Braavos
✨ Enable new products like Braavos' Bitcoin Earn
✅ Securely navigate various market crashes

We invite everyone to track and verify Vesu's progress for which we have built an extensive Dune dashboard that you can find here. Vesu TVL breakdown by asset, as shown on Dune.

Evolving with the Ecosystem​

As the Starknet ecosystem matures, we recognize the need to make few adjustments to the Genesis pool configuration, the first in its 10-months existence. These updates aim at reflecting the increased liquidity, availability of proven liquidation bots, and overall confidence in Vesu's robust design:

1. Minimal Loan Amounts: Reduce the minimal loan amounts in the Genesis pool to $10, making lending more accessible to a broader range of users.

2. Liquidation Loan-to-Value (LLTV): Increase the LLTV ratios on certain lending pairs where Starknet liquidity has increased to improve capital efficiency. Find the details in this sheet.

3. Interest Rate Curve: Increase rate halving to 5 days (reduce the autonomous curve adjustment speed) and the minimal 100%-utilization rate to 5% improving market efficiency and UX for both lenders and borrowers. Read more on Vesu's adaptive curve design here.

What You Need to Do​

No action is required from your side.

These updates do not have an immediate impact on your existing positions in Vesu's Genesis pool. However, you may observe elevated market activity as users take advantage of the new configurations such as the lower loan amount requirements or increased LLTVs, resulting in a change in Supply and Borrow APRs.

With these conservative changes, the Genesis pool stays the core of lending on Starknet. Trusted for its stability and liquidity, the pool is now ready to support the next 10 months of growth.

If you have any questions, please reach out on the Vesu Discord or Telegram.

Stay Tuned​

It has been an incredible first 10-months on this journey and that is mostly thanks to the trust our users and partners put into Vesu. We are even more excited for the next months as we continue to push the boundaries of DeFi and build a future where BTC becomes a productive asset you can earn with, use in DeFi and build on. 🧡

Starknet is growing—more assets, more players, more opportunities. rUSDC, a stablecoin by Relend Network, has now a new home in the Re7 rUSDC pool on Vesu. Curated by Re7 Labs and seeded with $15m from Relend Network, this pool expands borrowing and lending opportunities while making capital more efficient.

Let’s take a look at what this new pool brings.

Re7 rUSDC Pool​

Borrow: rUSDC
Collateral: ETH, wstETH, WBTC, USDC, STRK, xSTRK

This pool lets users borrow rUSDC against key assets. Users can keep assets like wstETH or xSTRK working while unlocking fresh liquidity to use as they like.

To bootstrap the new pool, Re7 Labs has set debt caps to manage liquidity and risk, ensuring a secure launch with room to scale. The initial limit is 500k rUSDC per asset (100k rUSDC for WBTC), with potential adjustments as the pool grows.

All parameters of the new pool can be accessed via the Pools page.

Discover the New Pools & the Curator​

With the new pool you can now:

• Supply wstETH and borrow rUSDC against it.
• Supply xSTRK as collateral and borrow rUSDC.

Learn more about Re7 Labs and their previously launched pools:

• Re7 Labs Comes to Starknet
• New Pools by Re7 Labs

Got feedback? Let us know on X or Discord.

Argent has just launched Argent Metal, a self-custodial crypto card that makes spending USDC effortless anywhere Mastercard is accepted. Unlike other crypto cards that require preloading or custodial accounts, Argent Metal lets users spend directly from their wallet while maintaining full ownership of their assets.

Why Argent Metal?​

• No FX fees (1 USD = 1 USDC)
• Earn cashback rewards. Up to $1,800 in the first year.
• Exclusive perks and benefits.
• Full self-custody. Funds stay in your control until spent.

Argent Metal isn’t just powerful, it looks good too. Choose your 16g metal card in Gold or Platinum.

Power to DeFi with Vesu​

Argent Metal gives you full control over your assets. With Vesu, you can take it even further and access true financial freedom:

• Earn yield on your idle USDC. Let your assets work for you.
• Borrow USDC against your holdings (ETH, BTC, etc.) to access liquidity without selling.
• Compound cashback rewards to maximize returns.

Easily accessible via vesu.xyz or directly in the Argent Wallet’s Invest tab, delivering a true Web2-like experience.

Get Started​

• Sign up for Argent Metal: argent.xyz/metal-card
• Explore Vesu for top borrowing and yield opportunities: vesu.xyz/markets

The way you spend crypto just changed. Keep control, keep earning, and unlock true financial freedom.

Bitcoin is the most secure and decentralized asset, yet most BTC sits idle or locked in centralized platforms. Starknet changes that by introducing scalable, trustless, and programmable Bitcoin finance—secured by STARK proofs.

It’s time for Bitcoin to go beyond HODLing. Welcome to BTCfi.

What Vesu Has to Offer​

Bitcoin’s liquidity is trapped—held on exchanges, locked in custodial solutions, or simply collecting digital dust. The problem? No native DeFi, high fees, and security risks.

With Starknet scaling Bitcoin, Vesu enables Bitcoiners to:

• Earn yield on BTC by putting your Bitcoin to work while HODLing.
• Borrow with BTC to access liquidity without selling.
• Multiply BTC to increase exposure and maximize yield.

All while benefiting from:​

• Low fees, keeping more of your BTC instead of losing it to transaction costs.
• A frictionless experience thanks to smart wallets like Argent.
• Full self-custody, eliminating reliance on centralized entities or third parties.
• Proven security with every line of Vesu’s smart contract code audited.

What This Means for Starknet & Vesu​

Bringing Bitcoin to Starknet is the next logical step:

• Bitcoin’s market cap dwarfs existing DeFi TVL. Unlocking BTC liquidity brings new users, strengthens network effects, and expands DeFi on Starknet.
• More liquidity strengthens lending markets. Better rates, deeper composability, and new integrations follow.
• New Bitcoin-native DeFi primitives are possible. Vesu has the infrastructure ready.
• STARK proofs provide the security Bitcoin needs. BTC moves on-chain without intermediaries.

Both Starknet and Vesu offer scalable, trustless finance, powered by math and cryptography. Together, we bring native BTCfi to Bitcoiners.

What’s Next? The Future of BTCfi​

Scaling native BTCfi is a long-term roadmap, with OP_CAT as a key upgrade to enable smart contract functionality on Bitcoin.

But we don’t wait for OP_CAT. In the meantime, we’re bringing Bitcoiners into BTCfi by:

• Bootstrapping BTC liquidity through bridged BTC, restaked BTC, and BTC derivatives.
• Enabling BTC lending strategies tailored specifically for Bitcoiners.
• Maintaining strong security on Vesu to give Bitcoiners peace of mind when using BTCfi.

This isn’t just an experiment. The future of BTCfi starts now.

We’re thrilled to welcome Alterscope as a new curator on Vesu!

Alterscope is known for its expertise in risk management and data-driven analytics, shaping secure and efficient DeFi markets. Now, they’re bringing their experience to Starknet with a set of new curated pools—introducing new assets and expanding opportunities for DeFi users.

Let’s check them out!

Alterscope CASH Pool​

Collateral: ETH, STRK, USDC, USDT, WBTC
Borrow: CASH

This pool introduces the CASH stablecoin to Vesu, unlocking a new way to borrow against key assets. Users can keep assets like ETH or USDC working while unlocking fresh liquidity in CASH to use as they like.

Alterscope wstETH Pool​

Collateral: wstETH
Borrow/Multiply with: STRK, ETH, WBTC, USDC, USDT

This pool lets wstETH holders borrow assets or multiply their exposure—all while still earning staking rewards and DeFi Spring incentives.

Alterscope xSTRK Pool​

Collateral: xSTRK
Borrow: STRK, ETH, WBTC, USDC, USDT

This pool enables borrowing against Endur’s xSTRK, a liquid staking token for STRK. Depositors receive staking and DeFi Spring rewards while being able to borrow other key assets.

Alterscope Cornerstone Pool​

Collateral: STRK, ETH, WBTC, USDC, USDT
Borrow: STRK, ETH, WBTC, USDC, USDT

A broader lending market for multiple assets, designed for diverse borrowing and lending strategies. Optimized loan-to-value (LTV) and utilization settings make this pool highly capital-efficient.

Discover the New Pools​

Alterscope’s curated pools offer new ways to optimize your assets—unlock liquidity, multiply exposure, or maximize staking rewards. Here are a few:

• Borrow CASH against USDC to access liquidity while earning with your USDC.
• Multiply wstETH to boost your ETH exposure.
• Deposit xSTRK to borrow fresh liquidity while receiving staking & STRK rewards for xSTRK.

All parameters of the new pools can be accessed via the Pools page.

Got feedback? Let us know via X or Discord.

Big update! Two new pools, curated by Re7 Labs, are now live—offering fresh opportunities for earning, borrowing, and optimizing capital efficiency.

And there’s more—DeFi Spring rewards for wstETH start today, Feb 6, 2025, giving an extra boost to yield opportunities in one of the pools!

Re7 Labs, known for their expertise as a leading risk curator, first launched their curated pools on Vesu in November. Learn more in our previous Blog post.

Now, let’s take a closer look at what these new pools offer.

Re7 Starknet Ecosystem Pool​

Collateral: EKUBO, STRK
Borrow: USDC

This is the first pool on Vesu where EKUBO can be used as collateral—a long-requested feature. It introduces a new way for EKUBO holders to access liquidity.

To ensure a controlled launch, Re7 Labs has set an initial debt cap of 9,000 USDC for the EKUBO-USDC pair and 2M USDC for the STRK-USDC pair.

The curator can adjust this pool as needed—raising the debt cap or adding more tokens from the Starknet ecosystem, ensuring it remains aligned with market needs and long-term stability.

Re7 wstETH Pool​

Collateral: wstETH
Borrow/Multiply with: ETH

The pool is designed to maximize wstETH exposure with Vesu’s Multiply feature, allowing users to boost yield by capturing both staking rewards and the DeFi Spring rewards starting today.

The Strengths of Vesu’s Infrastructure​

Both pools leverage Vesu’s fully customizable lending architecture, allowing the curator to design pools that adapt to evolving market needs. Debt caps can be adjusted based on demand to keep the pools balanced and secure.

The parameters of each pool can be accessed via the Pools page.

Since Vesu’s pools are isolated, risks stay within each pool without affecting others. This keeps borrowing and lending safer, even as more assets are added.

Discover the New Pools​

• Borrow USDC against EKUBO and unlock liquidity without selling.
• Multiply wstETH to boost exposure & maximize rewards.

Got feedback? Let us know via X or Discord.

Reflecting on 2024 Milestones and What’s Next​

As we step into 2025, we’re proud to share how far we’ve come. In just six months, Vesu has risen to 3rd in TVL among all Starknet projects!

Protocol Rankings by DeFiLlama (01/14/25)

This milestone reflects the incredible support and trust from our growing community. Let’s take a moment to celebrate the key achievements of 2024 together.

Key Milestones of 2024​

Launch Day: July 10, 2024 – the day it all began! 🥳

Multiply: The first feature launched on Vesu—and a Starknet-first! A game-changer for users looking to amplify exposure to their favorite assets.

Pools Page Launch: Create fully customizable pools and unlock fresh, exciting lending markets. Your pool, your rules.

Re7 Labs as Curator: Big news for Vesu and Starknet—Re7 Labs, a leading DeFi risk expert, became our first curator. Their xSTRK and sSTRK pools opened up exciting new earning opportunities.

Stake & Earn: Why complicate things? With Vesu, earning 20% APY with your STRK is a breeze. Staking rewards and DeFi Spring rewards come together in one single step. Stake & earn now.

👉 Dive into our 2024 recap on X for more exciting highlights and milestones!

Looking Ahead​

2025 is set to be a big year for Vesu, with a sharp focus on seamless UX, innovation, and security. Here’s what’s on the horizon:

🌸 DeFi Spring Campaign Continues
The rewards program has been extended until all 90M STRK are distributed.

🤖 DeFAI
From simple rule-based automations to AI agents, we’re unlocking smarter ways to manage pools and positions.

🌍 Expanding Ecosystem
Welcoming new curators, liquidity providers, and partnerships within Starknet and the EVM ecosystem.

⚡ DeFi for Bitcoin
Bridging Bitcoin into Starknet-powered DeFi—unlocking fresh opportunities for BTC holders.

Starknet’s tech is ready to scale with lower fees and faster transactions, creating the perfect environment for DeFi innovation—and Vesu is ready to lead the way.

Thank You!​

Your feedback and engagement have made everything we’ve achieved possible. Together, we’re shaping the future of DeFi on Starknet.

Stay connected for the latest updates:

• Follow us on X
• Join the community on Discord

The New Pools Page Is Here: A New Chapter for Vesu!​

The wait is over: Vesu's new Pools Page is live! This update empowers anyone to create custom lending pools, unlocking exciting opportunities for creators, curators, and users alike.

What’s New?​

The Pools Page makes it easier than ever to create and manage lending pools. Anyone can now launch new markets, no technical expertise or approval from others required. You’re in control! Customize your pool to align with your vision and goals.

Choose to make your pool immutable or if you want to enable pool emergency procedures, giving borrowers and lenders extra trust in its stability & security. Prefer flexibility? Curate your pool as it grows, adjusting settings to adapt to evolving needs.

The new pool creation UI.

Why Create Your Own Pool?​

As the only neutral lending protocol on Starknet, Vesu is the ultimate launchpad for its thriving ecosystem. Here’s what you can achieve:

• Add Utility to Your Token: Enable your community to earn yield or use your token as collateral.
• Innovate and Experiment: Launch markets for untapped assets, tailor liquidations or oracles, and fine-tune risk strategies.
• Fuel Ecosystem Growth: Attract users, capital, and innovative use cases to push DeFi forward on Starknet.

Whether you're a community builder, an innovator, or simply looking to create a market for a token, the new pools page provides everything you need to bring your ideas to life.

What’s in It for Users?​

This update is a game-changer for Vesu users, unlocking exciting opportunities:

• More Liquidity: New pools mean new opportunities for earning and borrowing.
• New Strategies: Increase your STRK exposure with Vesu's Multiply feature.
• Exciting Collaborations: Re7 Labs and other upcoming curators bring innovation and expertise to the ecosystem.

We’re committed to pushing DeFi on Starknet to the next level. With innovative products, expert curators, and growing integrations, this is just the beginning!

Discover all the new markets on vesu.xyz/markets

Get Started Today​

Ready to dive in?

For Creators: Build your own pool and bring your vision to life. Start with our Onboarding Docs.
For Users: Explore the new pools already launched by Re7 Labs on the updated Markets page.

Got questions or ideas for a pool? Let us know in Discord.

🔗 Links

• Vesu.xyz: Earn, Borrow, Multiply!
• X/Twitter: Follow us!
• Discord: Join the community!