DeFi 2.0 liquidation auction exploited, it’s no surprise.
Over 4 million dollars worth of user collateral lost due to the flawed auction model.
The naive liquidation model to auction bad debt into distressed markets crumbled.
A rapid devaluation of ETH price caused ethereum backed loans to fall into liquidation.
From day 1, Members of the Vigor DAC have built the VIGOR Protocol with the idea that auctioning tokens into distressed crypto markets wouldn’t be ideal.
VIGOR is the first multi-collateral insured token protocol available everywhere, founded on financial engineering principles.
Join Vigor as we reDeFine the future of Decentralized finance.
DeFi 3.0 is here on the Vigor Protocol.
Further Resources
To learn more about the Vigor DAC & Protocol check out our homepage at Vigor.ai
To see our very talented list of DeFi entrepreneurs and/or to add your name and talents to the list, check the Vigor DAC and client site at https://dac.vigor.ai/
To read up on what’s been happening with all the progress we have made in the last year and our stance of what the DeFi revolution should be, check us out on Everipedia at Vigor Protocol & DAC, Trybe.One, EOS Writer, and Twitter or get in touch with the Vigor community on Telegram.
You can also see our official documentation at https://docs.vigor.ai and check out Vigor stats at https://stats.vigor.ai/d/aHTjcofWz/vigor-v1-9-home?orgId=1
And for those of you that are new to Vigor and not quite sure where to begin, here are some links to get you up to speed and upon your way to become vigorously enlightened on the the future of what DeFi could and should be…
- Vigor: A Borrow, Lend, & Save Community
- MakerDown
- A Communal reDeFining of Vigorous Proportions
- Rising Together to Change the Tide of Finance Forever: Happy Anniversary Vigor DAC & Protocol!!
- The Creature from Isolation Island
- VIGORously Empowered!
And if all that doesn’t have you excited enough, don’t forget, the one year anniversary is just the beginning as before you know it we will be live and the revolution will truly and irreversibly be underway!
Disclaimer: The VIGOR Protocol is not a Financial or Payment Service of any kind and in any Jurisdiction. The VIGOR Protocol and Smart Contract does not accept as collateral or insurance or work at all with security tokens of any kind and with fiat or asset backed stablecoins, whether global or limited in scope. The VIGOR protocol does not allow, process or facilitate in any way user-to-user transfer of any token or other assets or values, nor third party payments of any kind.
The Vigor DAC and its Members and Custodians do not own or control the VIGOR Protocol, but simply contribute in its development, maintenance and security in a fully decentralized way.
An independent, public no-profit association incorporated in Singapore and composed of VIGOR Protocol developers and enthusiasts and Vigor DAC members and Custodians, denominated VIGOR DAC LTD., oversees that the core principles of the DAC, the Protocol and the Whitepaper are respected and ensures complete decentralization and independence is always safekept and maintained.
