Vesu is an innovative DeFi lending protocol on Starknet. Below, you’ll find step-by-step guides to using Vesu, including how to create Earn or Borrow positions.
Please reach out to Vesu on Discord if you have any questions.
Starknet’s DeFi Spring
If you’re reading this, you’re in luck! Vesu is a part of Starknet’s DeFi Spring, where over 90 million STRK tokens will be distributed to the community for using DeFi protocols on Starknet.
When you use Vesu to earn a yield on ETH, STRK, USDC, and USDT, you’ll also become eligible to claim your share of 90m STRK tokens. Starknet’s DeFi Spring campaign will last throughout 2024, so there’s plenty of time, and STRK up for grabs!
How to Earn Yield and STRK rewards on Vesu
Step 1: Go to Vesu.xyz, connect your Argent wallet, and click “Continue”
If you do not have Argent X downloaded, follow this tutorial.
Step 2: Choose the asset you want to earn yield on, and click “Continue”.
Step 3: Enter the amount you want to earn yield on, and press “Continue”.
Step 4: Review your position by clicking “Full review”.
Step 5: See the overview of your position, then click “Start earning” and confirm the transaction in your wallet.
Step 6: View your position on the “Earning” section of the “Positions” page.
You’re officially earning DeFi Spring rewards! To exit your position entirely, click “Close” and confirm the transaction in your wallet. If you want to deposit or withdraw capital into your position, click “Modify”.
How to Borrow Capital on Vesu
Step 1: Go to Vesu.xyz, connect your Argent wallet, select “Borrow”, and click “Continue”.
Step 2: Choose the asset you want to borrow, and click “Continue”.
Step 3: Enter the amount you want to borrow, and click “Continue”.
Step 4: Choose the asset you want to borrow against, then press “Continue”.
Step 5: Enter the amount of collateral you want to use, then press “Continue”.
Step 6: Review your position by clicking “Full review”.
Step 7: See the overview of your position, then click “Borrow” and confirm the transaction in your wallet.
Step 8: View your position on the “Borrowing” section of the “Positions” page.
If you want to deposit or withdraw capital into your position, click “Modify”. To exit your position entirely, click “Close” and confirm the transaction in your wallet.
The easiest way to earn yield
Vesu is on a mission to radically change how we lend, borrow and empower markets to form freely. Expect them to continue shipping and pushing the boundaries of what’s possible.
Try Vesu today and see why we’re excited about Starknet's new and innovative lending protocol.
Glossary of terms:
For Earn positions:
Here are some terms you’ll need to become familiar with to manage the risk/reward of your Earn position(s):
Supply APY: Supply annual percentage yield (APY) predicts the expected annual return on your position, including any compound interest earned during that time.
Monthly yield: Your expected returns each month.
Interface fee: The interface fee is a fee that Vesu charges for facilitating borrowing/lending.
Total supplied: The total capital you have allocated to your Earning position.
Total collateral: The total amount of collateral you have allocated to your Earning positions.
Total earned: The fees all your Earning positions have collected.
Net APY: Net annual percentage yield (APY) predicts your expected returns annually. It accounts for fees and other costs.
Please reach out to Vesu on Discord if you have any questions.
For Borrow positions:
Here are some terms you’ll need to become familiar with in order to manage the risk/reward of your Borrow position(s):
Borrow APR: Borrow annual percentage rate (APR) is the interest rate that borrowers pay annually for borrowing assets.
Supply APY: Supply annual percentage yield (APY) predicts the expected annual return on your position, including any compound interest earned during that time.
Monthly cost: The interest you are going to pay (per month) on your debt.
Liquidation price: The price that your collateral asset needs to reach for your position to be liquidated.
Interface fee: The interface fee is a fee that Vesu charges for facilitating borrowing/lending.
Total borrowing: The total amount you have borrowed for your Borrowing positions.
Total monthly cost: How much your Borrowing positions will cost on a monthly basis.
Net APR: Net annual percentage rate (APR) measures the total cost of borrowing annually.
Health Factor: The value of your collateral versus how much you have borrowed. If your Health Factor drops below (enter threshold), then Vesu will liquidate (sell) your collateral to repay the outstanding loan. This ensures healthy collateralization of Vesu and eliminates the possibility of bad debt.
Liquidation price: The price at which your collateral will be liquidated (sold) in order to repay the outstanding loan.
Loan-to-value (LTV): LTV measures the collateralization level in your Borrowing position. A lower LTV indicates a safer position, and if your LTV reaches (enter threshold %), Vesu will liquidate your collateral to remove the possibility of bad debt on the protocol.
Max LTV: The maximum amount you can borrow, determined by the collateral you have provided.
Please reach out to Vesu on Discord if you have any questions.
