Retire Avalanche Chain & Avalanche Pools

Summary

Sunset the Avalanche chain along with all Avalanche pools and remove them from the primary Vesper dApp. Add chain and all pools to the Vesper Retired dApp.

Abstract

TVL and demand for Avalanche products on Vesper is lackluster.

By retiring the chain and these pools, the protocol can realize better revenue without detracting from the general user experience, while simultaneously improving the UI/UX for Vesper users.

Expectations

Migrate the following pools into a retirement application (retired.vesper.finance). As retired pools, users can still withdraw funds from the app, but they will no longer be earning any yield. Additionally, new deposits will not be permitted.

The following Avalanche pools are to be retired:

AVAX

USDC

WETH.e

USDC.e

WBTC.e

DAI.e

QI

Specification

Migrate the above pools into a retirement status within 10 days after approval, which requires the following changes:

Smart Contract:

Pause deposits

Stop strategy rebalancing

Front End:

Display “Retiring” status

Remove “Deposit” button

Remove pools from the main Vesper dApp, and add to the retiring app.