Share this article
Bloq Enters DeFi World With Simplified Staking Product 'Vesper'
Vesper will pool and stake deposited ether (ETH), wrapped bitcoin (wBTC) or tether (USDT) across DeFi protocols selected on the basis of a user’s risk preference starting mid-November.
Updated Sep 14, 2021, 10:09 a.m. Published Oct 14, 2020, 7:00 p.m.
Blockchain infrastructure firm Bloq is rolling out a new product to make it easier to invest in decentralized finance (DeFi) by asking users to stake their crypto, indicate a risk preference and letting the platform conduct the due diligence and actual farming for them.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Announced on Wednesday, Bloq’s new platform, dubbed Vesper, is marketed as an easy-to-use platform for DeFi products. The platform will offer users the option to stake ether , wrapped bitcoin (wBTC) or USD Coin (USDC) using one of its “holding pools,” starting mid-November.
Jeff Garzik, co-founder of Bloq, said that after depositing their crypto, users could indicate their risk preference between aggressive or conservative, and their crypto would be staked to earn yield. According to Garzik, the DeFi protocols invested in under a conservative risk preference would be well-known ones such as Aave or Compound, whereas an aggressive approach would invest in lesser-known projects with limited due-diligence on their code.
- Initially, Vesper will offer only conservative-strategy pools for staking in mid-November but Bloq said it plans to add other investment strategies and cryptos to the platform in the future.
- Bloq said the Vesper platform is powered by its native token VSPR, which will be used to distribute rewards among users and developers. While the initial investment strategies will be developed by the platform, it will also invite strategies from developers who can earn rewards in VSPR if their strategy is accepted by the community.
- The platform itself will charge users 5% on the interest earned on their staked crypto and a 1% withdrawal charge if they choose to cash out of the “holding pools.”
- “It’s the simplicity, the passive income and the kind of 'set it and forget it' type of product,” said Garzik. He said Vesper’s approach was somewhat like the one followed by stock market exchange-traded funds (ETFs), wherein the due-diligence on the investment product is largely done by the issuer.
- Garzik announced the product at CoinDesk's invest: ethereum economy virtual event.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks
BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
What to know:
- Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
- Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
- Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.
Top Stories
