Retire Polygon Chain & Five Polygon Pools

Summary

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

Abstract

TVL and demand for Polygon 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 Polygon pools are to be retired:

WBTC WETH DAI USDC MATIC

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.