Protocol
Vigor protocol
A freely accessible Decentralized Autonomous Community (DAC) of daily elected 21 Custodian and 100+ candidates oversees and contributes to the development and maintenance of the completely independent VIGOR Protocol, the smart contracts that power VIGOR.
Trading coins
$COIN
$COIN
Overview
Vigor is an advanced decentralized finance (DeFi) protocol designed to revolutionize on-chain lending. Utilizing the power of blockchain technology, Vigor 2.0, the platform’s latest iteration, offers a safer and more efficient lending ecosystem. Its innovative economic model introduces Local and Meta stablecoins, ensuring effective risk management and stability. Built on the UX Network, Vigor 2.0 leverages the native VIG token for vote-staking in Local pools, impacting the composition of the Meta stablecoin. With its focus on simplifying complexities, Vigor 2.0 is set to be a game-changer in the rapidly evolving DeFi landscape.
FAQS
Vigor 2.0 is a revolutionary on-chain lending platform in the DeFi space. Unlike its predecessor, it simplifies the lending process and enhances performance by deconstructing the initial model. It introduces Local stablecoins and a Meta stablecoin, improving risk management and offering enhanced integration with multiple products and blockchains.
The VIG token is crucial in the Vigor 2.0 ecosystem. In the new model, VIG is not used as a payment token or a collateralizable asset. It’s primarily used for vote-staking in Local pools, determining the weightings of the respective Local stablecoins in the Meta stablecoin. VIG stakers receive recycled VIG tokens from excess-of-loss loan fees, and the VIG supply is systematically burnt over time.
Local asset-collateralized borrowing pools in Vigor 2.0 create their own USD-denominated stablecoins, known as Local stablecoins. These can be spent or added to a global liquidity pool, which generates the Meta stablecoin. This design allows for individual asset risk pricing, with the market resolving portfolio effects through the interaction of Local stablecoins and the Meta composition.
Vigor 2.0 offers a safer and more efficient on-chain lending platform. It manages risks effectively with the use of Local stablecoins and a Meta stablecoin, providing a more stable borrowing environment. With the VIG token, users can influence the weightings of stablecoins and ensure a fair distribution of loan fees.
