New Updates/Features Since Launch
Thanks to a great community and incredible efforts by the member of the Vigor DAC, the progress has continued well after the full public launch of the Vigor app just a month ago. Quite a lot has been happening both out front and behind the scenes — so for those that are curious, here are all the goods!
In a recent CryptoTicker article “Top 6 EOS Based DeFi Products”, Vigor Protocol was ranked in the number 2 spot. Give it a read at https://cryptoticker.io/en/top-6-eos-defi/.
The Vigor Protocol (Borrow, Lend, Save Crypto DeFi app) has multiple levels of protection for VIGOR loans that maintain system health and rebalance the system.
Users wanting to receive rewards on their tokens can deposit to the lend pool on the Vigor Protocol. Tokens in the Lend pool earn rewards as per displayed and go towards insuring loans.
Come and give the Vigor Protocol a try with the Vigor Crypto Lending DeFi Application at https://app.vigor.ai
Vigor DAC and Protocol
The Vigor Protocol is a fully on chain DeFi application that enables borrowing, lending, and saving crypto.
As many of you already know, the Vigor Protocol officially dropped the gatekeeper and opened up the Vigor App to the public. Needless to say that there were a lot of people in the public waiting and watching for this monumental event all throughout the road to launch countdown phases. For a recap on all that went down towards the process of further decentralization, security, and other goodness check out Vigor Road to Launch Meets the Open Ocean.
Of course, being an early advocate, DAC custodian, and long time supporter of what Vigor has set out to accomplish, mBlu Crypto…
VIG is the utility token of the Vigor Protocol. The Vigor Protocol is a crypto lending decentralized application built on the EOS blockchain. With the Vigor Protocol, users can borrow, lend, and save a variety of select cryptocurrencies.
The VIG token has a total supply of 1,000,000,000 VIG. The supply is fixed, with no inflation rate, and all 1,000,000,000 VIG tokens have been minted.
• 8% eosDAC Community: in appreciation for the use of their software
• 92% DAC and Developer Rewards: for research, engineering, deployment, business development, community building, distribution, staking resources, and long-term network governance.
The Vigor Protocol allows users to build a reputation score and achieve rate discounts.
Your reputation score reflects how much VIG you have paid (As a Borrower) or been rewarded (As a Lender). You are then ranked against all other users of the Vigor platform on a Percentile ranking from 0–100. Reputation Score is calculated based on a 3 month rolling average.
Vigor users are eligible for borrow rate discounts based on their reputation score which are automatically applied to their borrow rate. Currently the maximum discount a user can achieve is 25% off of their original rate.
Vigor is a decentralized automated Lending platform that allows community members to Borrow, Lend, and Save.
The Vigor Protocol is a two-token system VIG is the utility token of the Vigor Protocol.
VIG is used for features access, protocol fees, and rewards. Within the Vigor App, the VIG token can be used as collateral for a VIGOR loan, or added to the Lending pool for VIGOR rewards.
VIGOR is the low volatility token generated on the Vigor Protocol. VIGOR is designed to provide stability for a range of use cases, from value preservation to market hedging.
Within the Vigor App…
The VIGOR low volatility token is generated by taking out a loan on the Vigor Protocol using crypto as collateral.
What to do with VIGOR?
VIGOR is a crypto-backed low volatility payment token generated on the Vigor protocol. Put your VIGOR to work for you.
Use VIGOR to Leverage: Lock EOS on the Vigor Protocol and take out a VIGOR loan. Use the VIGOR to buy more EOS on an exchange. Lock the newly acquired EOS on the Vigor Protocol to take out more VIGOR. Rinse & repeat for desired leverage
Use VIGOR to Earn Rewards: Deposit…
With Vigor Jungle Testnet (try.vigor.ai) you can safely play around with the Vigor App and get familiar with the platform.
The Vigor Protocol is the backbone of a decentralized automated lending platform built by the Vigor DAC allowing community members to Borrow, Lend, and Save.
Vigor Protocol has a few different options allowing members to take part and earn rewards.
Genpool.io: The supportvigor reward proxy is controlled by the Vigor DAC. Rewards are split down the middle 50/50 between voters and the Vigor DAC. In addition to proxy rewards, supporters of supportvigor proxy also get REX rewards. …