Token
$VSPR
$VSPR is tied to the one risk Vesper exists for: what happens while the market is closed. Stakers stand behind the Gap Reserve and get paid the night premium; borrowers who hold pay less of it.
Borrowers
Hold 10,000
−25%
night premium
- A quarter off the night premium on every loan
- Gap alerts before each close for your positions
- Full gap-lab history export
Borrowers
Stake 100,000
−50%
night premium
- Half off the night premium
- Auto top-up: add collateral from your wallet before the close if the open looks risky
- Priority in new asset listings
Backstop stakers
Stake any amount
30%
of all night premiums
- Share of every night premium paid in the protocol
- Second-loss capital after the Gap Reserve
- Vote on per-asset thresholds and premiums
- 7-day unstake delay, so cover can't run before a weekend
Where the money goes
Night premium
70% Gap Reserve
30% stakers
Reserve factor (10% of base interest)
50% buyback & burn
50% treasury
Suppliers keep the base interest. The night premium pays for night risk, and the reserve factor funds buybacks and operations.
Night premium calculator
USDG
$VSPR is not live on Robinhood Chain yet. Tiers, splits and figures show how the utility is designed.