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Reading the session
The reserve is part of the product.
An onchain reserve protocol built around tokenized equities, programmable liquidity and measurable backing.
VESPER introduces tokenized equities into the reserve layer of an onchain monetary system.
Instead of treating tokenized stocks purely as assets to trade, VESPER uses them as part of a protocol-owned reserve backing $VSPR.
ReserveLiquidityMonetary System
What it is built on
Tokenized Equity ReserveTokenized equities become part of a protocol-owned reserve rather than remaining isolated trading instruments.Backing per VSPRReserve value is measured against VSPR supply to expose the amount of protocol-owned assets backing each token.Programmable LiquidityUniswap v4 Hooks connect liquidity behavior to market sessions and the equity-market close.
Backing per $VSPR
The relationship between protocol-owned reserve value and the VSPR supply. Not just how much capital the protocol controls, but how much sits behind each token.
How backing is measured$2,000,000reserve value
1,000,000VSPR supply
$2.00backing per VSPR
The shape of a cycle
- 8 h
- per cycle, three a day
- 60 min
- of last light before the close
- 30 to 200
- bps, the fee through last light
- 50%
- of each fee captured for the reserve
- 5 days
- linear vesting on contributions
- 9
- decimals on VSPR and sVSPR
Initial design values. The deployed contracts are the authority: Parameters.